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PTMBA2024 Investment Banking

Kurs ID
MBA FIN631, MBA FIN631 SI
Art des Kurses
PT MBA LV
Wochenstunden
2,0
Semester
FS 2024
Vortragssprache
Englisch
Vortragende/r
Prof. Dr. Nihat Aktas, Dr. Olaf Schween, Sebastian Voigt
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
This course is devoted to the practice of investment banking and corporate valuation. It aims at introducing to the world of investment banking, with a particular focus on equity financings, IPOs, mergers & acquisitions, leveraged buyouts, and debt financing. Central to all these topics is corporate valuation, and as such, the first part of the course will be devoted to covering the valuation methodologies most typically used by investment bankers. A particular focus will be given to Discounted Cash Flow (DCF) valuation and to the theoretical underpinnings of the discount rate used in the DCF approach (i.e., the cost of financing: from cost of equity and cost of debt to cost of capital) and to its empirical derivation. In addition, relative valuation models (multiples) and specific topics such as valuing private companies will be discussed. After a broad overview on investment banking and its recent evolution, the second part of the course will focus on practical aspects and describe the role of investment bankers in major transactions, such as initial public offerings, leveraged buyouts, mergers and acquisitions, and acquisition finance.
Date Time
Sunday, 16.06.2024 09:00 - 16:30
Saturday, 29.06.2024 09:00 - 16:30
Sunday, 30.06.2024 09:00 - 16:30
Sunday, 21.07.2024 23:50 - 23:55
Stowell, David P., 2017. Investment Banks, Hedge Funds, and Private Equity. Academic Press, 3rd Edition.Damodaran, Aswath, 2012. Investment valuation: Tools and techniques for determining the value of any asset. Wiley Finance, 3rd edition.Berk, Jonathan, and Peter DeMarzo, 2014. Corporate Finance, Pearson International.
Vorlesung
  • Group Project (50%)
  • Take-Home Online Exam (50%)
60
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