After successful completion of the course, students are able to understand and analyze the impact of managerial decisions on the firm value. They are able to perform a bottom-up assessment of firm performance and fundamental firm value. Furthermore, students understand models of credit risk as well as the impact of market and credit risk on the firm's costs of financing.
Assessing the financial health of a firm
Planning future performance
Managing growth
Evaluating investment decisions (Risk analysis / business valuation)
Fundamental firm valuation
Merton model of credit risk
Stochastic balance sheet modeling
midterm exam
final exam
retake exam
