• Students will gain an extensive overview of 21st century Corporate Finance & IB issues
• They understand how to deploy modern CF and IB tools to navigate an international
corporation through global capital markets
• They develop competencies to define an optimized capital structure and dividend policy.
• They know the specifics of equity and debt market instruments
• As well they have a thorough understanding how corporate strategy and corporate
finance concepts interact

Investment Banking, on the one side, was in the eye of the hurricane of the last Global
Financial Crisis in 2008. On the other side, Corporate Finance (CF) is, besides Corporate Strategy, a mission critical capability of management teams. But in the end “Corporate Finance and Investment Banking” are just two sides of the same coin. We will teach the lectures from a holistic view and will touch upon crucial 21st century business questions like:
• Capital structure, cost of capital and credit ratings
• Does an optimal capital structure exist and the role of leverage
• Payout (dividend) policy and share buybacks
• Initial Public Offerings (IPO) and Equity Underwriting
• Debt Markets and Underwriting
• Venture Capital, Incubation and Acceleration (link to M13)
• Valuation and Financing
• Corporate Portfolio Management, Corporate Strategy and Strategic Finance
• Financial Restructuring and Divestures

• Classroom sessions: Text book and article-based teaching and discussions
• Case Studies: Applying the learned concepts on real world problems (case studies)
• New E-Learning concepts like FT and Economist online resources, …
• Term papers and presentations by students
• Best practice lectures by blue chip corporations, investment banks and consultancies

• Brealey, R. A.; Myers, S. C.; Allen, F. (2020). Principles of Corporate Finance. 13th ed.,
McGrawHill (advanced chapters).
• Copeland, T., Weston, J., Shastri, K., (2004). Financial Theory and Corporate Policy,
Amsterdam.
• Berk, J.; DeMarzo P. (2011). Corporate Finance. Pearson; 2nd edition.
• Bodie, Z.; Kane, A.; Marcus, A. J. (2011). Investments and Portfolio Management. 9th ed.,
McGraw-Hill;.
• Davies, T.; Boczko, T.; Chen, J. (2008). Strategic Corporate Finance; Mc-Graw Hill.
• Pettit, Justin (2007). Strategic Corporate Finance – Applications in Valuation and Capital
Structure. Willey.
• Smith, J., K.; Smith, R. L. (2019). Entrepreneurial Finance – Venture Capital,

6 ECTS x 30 hours = 180 hours,  combined out of the following:

• Course attendance: 15 weeks* 4 hours = 60 hours
• Preparation / homework / self-study : 15 weeks* 3 hours = 45 hours
• Time for (group) exercises: 15 weeks* 2 hours = 30 hours
• Semester Project/Presentation: 60 hours
• Exam preparation: 30 hours
• Exam time:
• 60 minutes presentation
• Term pater
• Weighting in examination:
• Written exam 50 %
• Term paper (incl. presentation) 50%