Funding the Business Enterprise
Prof. Ulrich Hommel, Ph.D.
The module will enable students to develop a rigorous understanding of how corporate financing decisions and valuation/assessment of the various financing possibilities therein can impact company performance, capital budgeting, and solvency ratios.
Its purpose is to foster a general understanding and intuition of how corporate financing decisions are being derived in business decision-making and what tools are available to CFOs or finance managers to address these issues. The module will emphasize the following aspects:
- State-of-the-art methods of valuing projects, investments, and companies and their implementation in Excel
- Management of the capital structure (mix of financing instruments such as debt vs. equity, long-term vs. short-term debt, different currency denominations, and more eclectic forms (coins and tokens)
- In the process, students get to know instruments, their market domains, and nuances, and their fit to meeting specific corporate financing challenges