040643 SE Advanced Topics in Valuation (MA) (2023W)
wird als Seminar aus Corporate Finance und Banking and Financial Intermediation anerkannt
Prüfungsimmanente Lehrveranstaltung
Labels
VOR-ORT
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 11.09.2023 09:00 bis Fr 22.09.2023 12:00
- Anmeldung von Di 26.09.2023 09:00 bis Mi 27.09.2023 12:00
- Abmeldung bis Fr 20.10.2023 23:59
Details
max. 24 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
Exam - 28.11.2023, Seminarraum 16, Oskar-Morgenstern-Platz 1, 3.Stock , 3.00 pm
- Dienstag 17.10. 15:00 - 16:30 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
- Dienstag 17.10. 16:45 - 18:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
- Dienstag 24.10. 15:00 - 16:30 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 24.10. 16:45 - 18:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 31.10. 15:00 - 16:30 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 31.10. 16:45 - 18:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 07.11. 15:00 - 16:30 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 07.11. 16:45 - 18:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 14.11. 15:00 - 16:30 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
- Dienstag 14.11. 16:45 - 18:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
- Dienstag 21.11. 15:00 - 18:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
- Dienstag 28.11. 15:00 - 16:30 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
- Dienstag 05.12. 15:00 - 16:30 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
- Dienstag 05.12. 16:45 - 18:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
Information
Ziele, Inhalte und Methode der Lehrveranstaltung
Art der Leistungskontrolle und erlaubte Hilfsmittel
The course will be a mixture of lectures and case studies.
• This course emphasizes both theoretical analysis and practical applications.
• Working language is English.
• Students are required to come to classes, read all cases and actively participate in the discussions.
• There will be 2 case preparations: one on insurance companies and one on banks. Cases must be handed in on time. No credit will be given for late cases.Case StudiesThe case method is one of the most effective pedagogical tools to sharpen your analytical and decision-making skills, as it requires you to be an active participant in financial decisions. The discussion constitutes an opportunity to defend your position and to learn from others, by listening to their comments and criticism. Classrooms are our training environments to prepare you for business challenges.
You are encouraged to meet in groups to discuss and analyse the cases. In the past, students have found that these groups complement the class discussion well.
Regarding the cases, each group will submit a three-page memorandum of analysis and recommendations covering the case study questions plus any accompanying tables you wish to include. Tables should be well organized and labelled. Be sure to indicate how you arrived at your conclusions. In addition, groups are required to prepare a power point presentation, including the main points of the analysis.What do I expect from you in classThis is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.Laptop/tablets policy.You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
• This course emphasizes both theoretical analysis and practical applications.
• Working language is English.
• Students are required to come to classes, read all cases and actively participate in the discussions.
• There will be 2 case preparations: one on insurance companies and one on banks. Cases must be handed in on time. No credit will be given for late cases.Case StudiesThe case method is one of the most effective pedagogical tools to sharpen your analytical and decision-making skills, as it requires you to be an active participant in financial decisions. The discussion constitutes an opportunity to defend your position and to learn from others, by listening to their comments and criticism. Classrooms are our training environments to prepare you for business challenges.
You are encouraged to meet in groups to discuss and analyse the cases. In the past, students have found that these groups complement the class discussion well.
Regarding the cases, each group will submit a three-page memorandum of analysis and recommendations covering the case study questions plus any accompanying tables you wish to include. Tables should be well organized and labelled. Be sure to indicate how you arrived at your conclusions. In addition, groups are required to prepare a power point presentation, including the main points of the analysis.What do I expect from you in classThis is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.Laptop/tablets policy.You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
Mindestanforderungen und Beurteilungsmaßstab
The precondition for the participation is the positive completion of the courses:
KU Corporate Finance 1
AND
KU Valuation OR KU Corporate Restructuring
The cases delivered by PwC and UNIQA are also part of the assessment.
Attendance is COMPULSORY. The pass grade is 50 %.
The evaluation will be based on the following items:
70% Case Studies (including participation)
30% In-Class Exam
KU Corporate Finance 1
AND
KU Valuation OR KU Corporate Restructuring
The cases delivered by PwC and UNIQA are also part of the assessment.
Attendance is COMPULSORY. The pass grade is 50 %.
The evaluation will be based on the following items:
70% Case Studies (including participation)
30% In-Class Exam
Prüfungsstoff
All lecture materials and paper presentations
CASE STUDIES
(1) UNIQA Case Study (TBA)
(2) PwC Case Study, TBA
CASE STUDIES
(1) UNIQA Case Study (TBA)
(2) PwC Case Study, TBA
Literatur
The main reading material for the course is contained in:
• Lecture Notes and Materials from UNIQA & PwC
• Investment Valuation, 2nd edition, Aswath Damodaran, 2002 (book, manuscript, lecture notes).
• Valuation, 4th edition, Chapters 5-12, McKinsey & Company, Tim Koller, Marc Goedhart and David Wessels, 2005.
• Valuation: The Art and Science of Corporate Investment Decisions, Sheridan Titman and John Martin, Addison Wesley, 2007.
• Lecture Notes and Materials from UNIQA & PwC
• Investment Valuation, 2nd edition, Aswath Damodaran, 2002 (book, manuscript, lecture notes).
• Valuation, 4th edition, Chapters 5-12, McKinsey & Company, Tim Koller, Marc Goedhart and David Wessels, 2005.
• Valuation: The Art and Science of Corporate Investment Decisions, Sheridan Titman and John Martin, Addison Wesley, 2007.
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Mi 22.11.2023 12:27
Two lectures delivered by PwC provide insights into the details of bank valuation. Starting with the differences between the valuation of banks and non-financial companies, PwC will give an overview
on the value drivers of banks, including the analysis of the business plan.
There will also be two guest lectures on the valuation of insurance companies delivered by Petra Umbrich (Head of Group Finance), Roman Schneider (Head of Actuaries) and Zewar Germiany
(Group Finance, Group Treasury) from UNIQA.
The course provides you with hands-on experience in valuation. The collaboration with UNIQA and PwC gives you a unique opportunity to share and defend your ideas in front of a top management (a skill, which is extremely valuable for your future jobs/interviews) in the final session of the course.