Lecture: Corporate Finance II: Portfolio Choice and Capital Structure (Erasmus) - Details

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Lehrveranstaltung wird in Präsenz abgehalten.

General information

Semester	SS 2022
Current number of participants	7
Home institute	Prof. Dr. Marco Wilkens - Finanz- und Bankwirtschaft
Courses type	Lecture in category Teaching
First date	Thu , 19.05.2022 10:00 - 14:00, Room: (Room J 2101)
Online/Digitale Veranstaltung	Veranstaltung wird in Präsenz abgehalten.
Hauptunterrichtssprache	englisch
Miscellanea	The following courses are intended exclusively for incoming students at the University of Augsburg. Students who are not enrolled as exchange students at the University of Augsburg cannot attend these courses. The course is planned in an asynchronous format with an opportunity for questions during question and answer sessions.

Lecturers

• Dr. Martin Rohleder
• Dr. Sebastian Heiden

Course location / Course dates

(Room J 2101)	Thursday. 19.05.22 10:00 - 14:00
(Room J CIR 1601)	Thursday. 02.06.22, Thursday. 09.06.22 10:00 - 14:00 Wednesday. 22.06.22, Wednesday. 29.06.22 12:15 - 17:15

Fields of study

• Wirtschaftswissenschaftliche Fakultät > Bachelor WiWi

Comment/Description

In the first part of this course, students will get the intuition for understanding risk and return. It also explains the distinction between diversifiable and systematic risk. On this basis, students will get to know models for optimal portfolio choice, capital asset pricing and calculating the cost of capital. Further, students will examine the role of behavioral finance and relate investor behavior to the topic of market efficiency and alternative models of risk and return. In the second part of this course, students will learn how a firm should raise the funds it needs to undertake its investments and the firm's resulting capital structure. Students will focus on examining how the choice of capital structure affects the value of the firm in the perfect world and with frictions such as taxes and agency issues. Finally, students will learn to determine the optimal payout policy. After the course, students will be able to evaluate the risks and costs associated with a firm's business and determine the firm's optimal capital structure.