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Financing

Prerequisite

Basic knowledge of business and economics; financing coursework

Teaching methods Lecture
Learning target / Competences

Students acquire an understanding of lending practices, internal and external rating procedures, and lending with special consideration of the relationship between the company and the bank. They develop approaches for improving ratings and for implementing them. They can differentiate between alternative forms of bank financing and apply them on the basis of practice-oriented case studies.
Students become familiar with the main features of the most important capital-market theoretical concepts in order to analyze investment and financing decisions under uncertainty in an economically sound manner. They will also be able to evaluate the different financing instruments in the capital market context.

Duration 1 Semester
Hours per week 4.0
Overview
Classes 60 h
Individual / Group work: 120 h
Workload 180 h
ECTS 6.0
Requirements for awarding credit points

Written exam (K120)

Responsible person

Prof. Dr. Thomas Baumgärtler

Recommended semester 4. Semester
Frequency Every sem.
Usability

Bachelo's degree program:
Betriebswirtschaft

Lectures

Capital Market Based Financing

Type Lecture
Nr. W0169
Hours per week 2.0
Content
  • Introduction
  • Market-oriented investment and financing decisions
  • Valuation of bonds
  • Valuation of shares
  • Capital markets and the valuation of risk
  • Advanced topic
Literature

Berk, Jonathan/DeMarzo, Peter (2019), Grundlagen der Finanzwirtschaft: Analyse, Entscheidung und Umsetzung, 4. ed., Pearson, Hallbergmoos.
Spremann, Klaus/Gantenbein, Pascal (2019), Finanzmärkte: Grundlagen, Instrumente, Zusammenhänge, 5. ed., UVK Verlag, Munich.

Bank-Based Corporate Financing

Type Lecture
Nr. W0182
Hours per week 2.0
Content
  • Basic aspects of bank financing
  • Financing aspects, especially for SMEs
  • Forms of bank credit
  • Other forms of bank financing
  • Development and causes of insolvencies
  • Basel capital rules and rating
  • Bank lending and credit rating
  • Types of ratings, rating symbols and rating agencies
  • Phases of the rating process (external ratings)
  • Approaches to rating optimization
  • Credit rating systems (internal bank ratings) using the example of
  • Selected bank groups
  • Key figures and rating criteria
  • Bank-internal rating process and credit decision
  • Alternatives to the classic bank loan
Literature

Lecture script
Olfert, K. (2017): Kompakt-Training Praktische Betriebswirtschaft - Finanzierung, 7. ed, Herne.
Füser, K. / Gleißner, W. (2014): Praxishandbuch Rating und Finanzierung. Strategien für den Mittelstand, 3. ed. Munich.
Wöltje, J. (2012): Betriebswirtschaftliche Formelsammlung, 6. ed., Freiburg
Hofbauer, G. / Bergmann, S. (2008): Optimales Rating für KMU, 1. ed., Erlangen.
Schneck, O. (2008): Rating. Wie Sie Ihre Bank überzeugen. 2. ed, Munich.
Stiefl, J. (2008): Finanzmanagement unter besonderer Berücksichtigung von kleinen und mittelständischen Unternehmen. 2. ed., Munich.
Breitkreuz, G. / Helmel, I. (2007): Schnelleinstieg Rating und Alternativen zum Bankkredit. 1. Ed., Aachen.
Füser, K. / Gleißner, W. (2005): Rating-Lexikon. Munich.
Additional literature will be announced in the lecture.

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