Event
Valuation [WS202530212]
Type
lecture (V)Online
Term
WS 20/21SWS
2Language
EnglischAppointments
14Lecturers
Organisation
- Finanzwirtschaft und Banken
Part of
Literature
Weiterführende Literatur
Titman/Martin (2013): Valuation - The Art and Science of Corporate Investment Decisions, 2nd. ed. Pearson International.
Appointments
- 02.11.2020 12:00 - 13:30
- 09.11.2020 12:00 - 13:30
- 16.11.2020 12:00 - 13:30
- 23.11.2020 12:00 - 13:30
- 30.11.2020 12:00 - 13:30
- 07.12.2020 12:00 - 13:30
- 14.12.2020 12:00 - 13:30
- 21.12.2020 12:00 - 13:30
- 11.01.2021 12:00 - 13:30
- 18.01.2021 12:00 - 13:30
- 25.01.2021 12:00 - 13:30
- 01.02.2021 12:00 - 13:30
- 08.02.2021 12:00 - 13:30
- 15.02.2021 12:00 - 13:30
Note
Firms prosper when they create value for their shareholders and stakeholders. This is achieved by investing in projects that yield higher returns than their according cost of capital. Students are told the basic tools for firm and project valuation as well as ways to implement these tools in order to enhance a firm's value and improve its investment decisions. Among other things, the course will deal with the valuation of firms and individual projects using discounted cash flow and relative valuation approaches and the valuation of flexibility deploying real options.
Topics:
- Projections of cash flows
- Estimation of the cost of capital
- Valuation of the firm
- Mergers and acquisitions
- Real options
Learning outcomes: Students are able to
- evaluate complex investment projects by taking a financial view,
- value firms,
- assess the advantageousness of potential merger and acquisitions.