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Module code: BIBW-421 |
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4V (4 hours per week) |
5 |
Semester: 4 |
Mandatory course: no |
Language of instruction:
English/German |
Assessment:
Written exam (90 minutes)
[updated 14.03.2018]
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BIBW-421 (P420-0076) International Business, Bachelor, ASPO 01.10.2013
, semester 4, optional course
BIBW-421 (P420-0076) International Business, Bachelor, ASPO 01.10.2017
, semester 4, optional course
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60 class hours (= 45 clock hours) over a 15-week period. The total student study time is 150 hours (equivalent to 5 ECTS credits). There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
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Recommended prerequisites (modules):
BIBW-320 Investment and Financing
[updated 24.10.2012]
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Recommended as prerequisite for:
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Module coordinator:
Prof. Dr. Matthias Gröhl |
Lecturer: Prof. Dr. Matthias Gröhl Prof. Dr. Timo Defren
[updated 24.10.2012]
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Learning outcomes:
After successfully completing this course, students will have gained initial insight into the life cycle of a company and will be able to reflect upon the financial challenges of each phase. In doing so, they will be able to identify possible stakeholder contributions to the financing of the company. Participants will be able to: - describe the correlation between return, risk and benefit, as well as the criteria for making capital structure decisions - determine the origin and areas of application of equity, debt and mezzanine capital, - describe the tasks of financial management and explain the financial decision criteria using examples, - identify ethic problems in corporate financing, - systematically represent the transactions customary in financial markets, - understand the role and functions of financial intermediaries, - identify factors that influence the financial markets and identify necessary regulatory rules Participants will learn about the prerequisites for and difficulties of setting up a business and be able to describe the financing components that are common in this phase. In addition, they will also be capable of assessing all the elements of a credit negotiation, calculating a company´s debt limit and illustrating the construction and application of a credit rating. Students will have detailed knowledge about the construction and application areas of the financing instruments mainly used in the growth phase. They will also be able to explain the functions of the capital markets. Students will be able to explain the functions of foreign trade financing, describe the payment terms with regard to the procedure and benefits for the participants, as well as their integration into foreign trade financing. Finally, participants should be able to clearly illustrate the typical emergence of company crisis. In doing so, they should be able to develop solutions to the crisis and check their practical feasibility. The lecture will enable participants to critically assess different approaches to business valuation along each lifecycle phase or maturity level of potential companies. Students will also learn to independently derive and compare company values based on concrete examples.
[updated 14.03.2018]
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Module content:
_ Financing theory _ Functional mechanisms of the financial markets _ Finance-oriented corporate management _ Company valuation and financing in different company life cycle phases (foundation, growth, maturity and crisis)
[updated 14.03.2018]
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Teaching methods/Media:
Lecture, exercises, case studies
[updated 14.03.2018]
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Recommended or required reading:
Backhaus, K./Werthschulte, H. (Hrsg.) Projektfinanzierung, latest edition, Schäffer-Poeschel Verlag, Stuttgart. Bieg, H./Kuߟmaul, H.: Finanzierung, latest edition, Verlag Franz Vahlen, München. Bieg, H./Kuߟmaul, H.: Investitions- und Finanzierungsmanagement, Band III: Finanzwirtschaftliche Entscheidungen, Verlag Franz Vahlen, München 2000. Brealy, R. A./Myers, S. C.: Principles of Corporate Finance, latest edition, Verlag McGraw-Hill, Boston. Bundesverband Deutscher Leasing-Unternehmen e.V. (Hrsg.): Abwicklung des Leasing-Vertrages, in: Kleines Leasing-Lexikon, www.bdl-leasing-verband.de, Berlin. Dortschy, J. W./Jung, K.-H./Köller, R.: Auslandsgeschäfte _ Banktechnik und Finanzierung, latest edition, Verlag Schäffer-Poeschel, Stuttgart. Falter, M.: Die Praxis des Kreditgeschäfts, latest edition, Deutscher Sparkassen Verlag, Stuttgart. Häberle, S. G.: Handbuch der Auߟenhandelsfinanzierung, latest Edition, München. Dahmen, A./Jacobi, P./Rossbach, P.: Corporate Banking, latest edition, Bankakademie-Verlag, Frankfurt a. M. Perridon, L./Steiner, M./Rathgeber, A.W.: Finanzwirtschaft der Unternehmung, latest edition, Vahlen-Verlag, München. Portisch, W.: Finanzierung im Unternehmenslebenszyklus, München 2008. Prätsch, J./Schikorra, U./Ludwig, E.: Finanzmanagement, latest edition, Hanser Verlag, München, 2013. Rösler, P./Mackenthun, T./Pohl, R.: Handbuch Kreditgeschäft, latest edition, Gabler-Verlag, Wiesbaden. Ross, S. A./Westerfield, R. W./Jordan, B.D.: Fundamentals of Corporate Finance, latest edition, Verlag McGraw-Hill, Boston.
[updated 14.03.2018]
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