Zurich Elite Business School offers in its course ´Corporate Finance` the broad overview of all requirements and topics concerning business finance.
Particularly in current times, the ability to understand and therefore judge various structures of finance is essential. It sets the right framework for presenting adequate, proper solutions when it comes to deciding how to tackle the company’s next challenge in performing for future growth and profitability.
The latter was the starting point from which this ZEBS module kicked off.
The students did not only get to know the profitability measures of business, but actually connected with the experience and training which was made in the ‘Global Strategy’ module.
From profitability which is implemented and worked on, income statements and balance sheets allowed the students to study the impact of discounted finance models. Processing and modeling cash flows and dividends with its implications were worked on here.
A fine sense for the past, present and future value of cash and debts was developed here. In return the participants learned how to evaluate the profitability of different projects and financing questions. They equipped themselves with the right substance for profound capital investment decisions which are required when acting in this multi-dimensional issue.
Furthermore the module highlighted markets and their behavioral challenges. Hereby students were tuned for the efficient market hypothesis and they gained knowledge on how markets regulate themselves taking into account the stake of information.
Through stock valuation students were brought to study and understand the basic concepts of capital structure. The leverage potential of capital structure highlighted the borders of debt capacity. Case studies were dealt and processed within this course; splitting from theory and transferring the input into practice was the result of this methodology.
The work on different capital structures and possible changes and their consequences leads to the connection between capital models and risk. Correlations and co-variances were dealt with and calculated in different scenarios. Risk and return of portfolio variation were examined and led to the study of payout types, e.g. dividends.
Tying in agency problems and the present discussions and methods for compensation and performance measurement in strategic and operational management, the ZEBS Corporate Finance module closed with examining initial public offers.
This part of the course was also accompanied by case studies and entirely rounded off the intense and thorough process of getting familiar and comfortable with finance in collaboration with business demands and necessities.
The Corporate Finance Course was prepared and moderated by Ioannis Floros, Assistant Professor of Finance at Iowa State University.
Written by Peter, IMP student