Learning Objectives / Competencies
After completing this module, students will be able to analyze in-depth specialized knowledge in the field of corporate finance and assess important core areas. They will independently address scientific problems in business and, in particular, finance-related fields, using appropriate academic literature, quantitative models, and, where necessary, relevant software. Students will have the opportunity to exchange ideas on the problems to be discussed, especially through the use of e-learning methods. By completing this module, students will develop their judgment on the various possibilities in corpoarte finance.

Content
Practical, in-depth knowledge in the following areas:

1. Capital Market Theory
   • Modigliani-Miller Theorem
   • Portfolio Theory (constructing a securities portfolio with diversification)
   • Capital Asset Pricing Model (CAPM)
   • Behavioral Finance

2. Methods of Company Valuation
   • Asset-based Valuation
   • Income-based Valuation
   • Discounted Cash Flow (DCF) methods (WACC approach, APV approach, Equity approach)
   • Economic Value Added (EVA) / Market Value Added (MVA)

3. Methods of Corporate Financing
   • External and internal financing
   • Equity financing
   • Debt financing
   • Capital market financing
   • Mezzanine financing
   • Foreign currency financing
   • Leasing
   • Factoring
   • Crowdfunding
   • Crowdinvesting
   • Initial Public Offering (IPO) / Public-to-Private
   • Acquisition financing (M&A)

4. Financial and Liquidity Management
   • Working capital management
   • Cash, balance sheet, and financial planning
   • Optimal level of debt

5. Digitalization in Financial Management
   • Artificial Intelligence
   • Crypto-currencies
   • Blockchain
   • E-Payment

Methods Used in Business Administration
• Models and Methods of Analysis (Research and analytical models):
In-depth study of various corporate valuation approaches, capital market theories, and other financial management topics.

• Quantitative-Empirical Methods (Comparative, statistical, mathematical methods, data analysis):
• Corporate Valuation: Perpetuity, Gordon formula, Discounted Cash Flow methods, Economic Value Added
• Capital Market Theories: Capital Asset Pricing Model (CAPM), Financial Leverage, Modigliani-Miller Theorem

• Qualitative-Interpretative Methods (Expert interviews, surveys, standardized data collection):
• Interpretation of solutions in the business context
• Practical application of theoretical content
• Discussions

Teaching and Learning Methods
• Seminar-style teaching
• Self-directed learning and academic work
• Just-in-Time Teaching
• E-Learning:

• The creation of explanatory videos by students for students offers many advantages:
• Students must comprehensively research a topic in order to present it concisely in another medium (teaching video).
• In addition, transferable skills such as media literacy, teamwork, presentation skills, and communication competence are fostered.
• The created videos also serve as additional multimedia self-learning material for future cohorts.