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Instructors: Prof. Dr. rer. pol. Dirk Schiereck
Event type:
Lecture
Org-unit: Dept. 01 - Law and Economics
Displayed in timetable as:
vl_Corp. Finance II
Subject:
Crediting for:
Hours per week:
2
Language of instruction:
German and English
Min. | Max. participants:
- | -
Literature:
Hartmann-Wendels, T./Pfingsten, A. & Weber, M. (2007): Bankbetriebslehre. Kapitel B-C, 4. (Aufl.). Berlin: Springer.
Brealey, R. A./Myers, S. C. & Allen, F. (2006): Principles of Corporate Finance, (8th ed.). Boston: McGraw-Hill.
Preconditions:
No prerequisites. A working knowledge of topics covered in the introductory course "Finanzierung" are helpful.
Official Course Description:
Whereas "Corporate Finance I" focuses primarily on equity financing, "Corporate Finance II" aims for ways a company can finance itself via debt. We first introduce bank based lending. Theoretical models on the existence of banks, optimal credit contracts, credit rationing, and relationship banking are covered. Second, we introduce market based lending. We discuss the characteristica of different kind of bonds and the fundamental principals in bond valuation. Finally, debt contracts and derivaties are covered.
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