Inhalt
| Kommentar |
The goal of the course is to present students the basic tools to value firms and other assets. The course comprises three main parts. The first part presents the mechanics of relative and intrinsic valuation. The second part focuses on how to estimate the inputs for these valuation methods (e.g., forecasting cash flows or earnings, estimating the cost of capital). The third part deals with special valuation cases (e.g., valuing start-ups or private firms). |
| Literatur |
Damodaran, A. (2012): Investment Valuation, 3rd Edition, Wiley Finance.
Palepu, K.G., Healy, P.M. and Peek, E. (2016): Business Analysis and Valuation (IFRS Edition), 4th Edition, Cengage Learning.
Penman, S.H. (2013): Financial Statement Analysis and Security Valuation, 5th Edition, McGraw-Hill.
Relevant chapters and additional material will be announced throughout the course. |
| Bemerkung |
StO/PO BA BWL und VWL 2016: 6 LP, Modul: "Internes Rechnungswesen III"
StO/PO MA 2016: 6 LP, Modul: "Valuation"
StO/PO MEMS 2016: 6 LP, Modul: "Valuation", Major: Accounting and Finance |
| Prüfung |
Written exam (120 min) |
