103-003-IO3 Project Risk Management

Study program:

International Finance (M.Sc.)

Academic level and semester:

Master, 1st semester

ECTS credits/workload per semester:

4 / 100

Contact hours per week/contact hours per semester:

2 / 25

Type/Teaching method:

Lecture
Language of instruction: English

Frequency:

 Winter semester

Lecturer:

 Prof. Dr. Dr. Dietmar Ernst

Content:

 This class enables students
...to explain the difference between the value of a company and its price and to apply this knowledge to methods in Corporate Finance.
...to work out similarities and differences in the application of stock exchange and transaction multiples and to apply this knowledge to data collection and model development.
...to obtain and process the necessary data for a multiplier valuation from information providers such as Bloomberg or Thomson Reuters.
...to know criteria for the creation of a peer group of comparable companies and to apply these criteria when creating a peer group.
...to interpret the results of the multiplier valuation, to compare them with the results of the DCF company valuation and to independently draw conclusions for Corporate Finance transactions.
...to manage a project in the field of company valuation and to develop own solutions in a group of valuation specialists.
...to handle the theoretical and empirical challenges of multiplier valuation.
...to apply the knowledge to provided valuation projects and to adapt it to real valuation situations.
...to critically evaluate the assumptions, algorithms and results of each valuation approach.
...to prepare the results of the multiplier valuation in professional presentations.

Textbooks:

Depends on the project

Recommended for:

Undergraduates, graduates

Prerequisites:

 Background in Business/Economics, Finance and Accounting (intermediate level)

Restrictions:

None

Assessment:

 Presentation, graded case study