Management V: Financial Management

The inspection of exams will take place on April 6 (Bldg. 22, Room D-002, 11.00 - 12.00).

This class aims at providing students with tools which are indispensable for examining a company and its stakeholders from a financial perspective. We derive rules of conduct for management and stakeholders. Further on, an introduction into the modeling of risk and the valuation of risky securities will also be part of the syllabus.

The course will be based on Brealey/Myers: Principles of Corporate Finance, McGraw-Hill (the chapter enumeration below refers to the 7th edition of this book). In addition to the indicated chapters of this book, its other chapters as well as other textbooks on corporate finance or financial management may prove helpful. Further literature hints will be given during the term.

Usually, the lectures (held by Prof. Kirstein, email) take place Thursday 13:00-14:30 in A013, and the tutorials (held by Sidi Koné, email) Tuesday 17:15-18:45 in A020. Occasionally we may deviate from this schedule, so have a look at this page from time to time.

Lecture slides and tutorial problems will be made available here. The following Syllabus is only a plan from which we will certainly take the liberty to deviate occasionally (indicated in red).

The lecture starts on October 14, and the tutorial on October 19.
Week Tutorial Lecture Topics of the lecture Brealey/Myers
chapter(s)
 
1 --- Oct. 14 Basic concepts 1, 2  
2 Oct. 19 Oct. 21 3, 4 Manhattan article  
3 Oct. 26 Oct. 28 Risk 7  
4 Nov. 2 Nov. 4 Risk 7  
5 Nov. 9 Nov. 11 CAPM 8  
6 Nov. 16/td> Nov. 18 Capital budgeting 9  
7 Nov. 23 Nov. 25 Borrowing 17  
8 Nov. 30 Dec. 2 Borrowing 18  
9 Dec. 7 Dec. 9 Borrowing 18  
10 Dec. 14 Dec. 16 Agency Problems and Governance 12, 34
Jensen/Meckling 1976
 
11 Jan. 11 Jan. 13 Options & Valuation 20, 21, 10  
12 Jan. 18 Jan. 20 Options & Valuation    
13 Jan. 25 Jan. 27 Debt Management 24, 25, 26
S&P article
 
14 Feb. 1 Feb. 3 Recap Tutorial ---  

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