Financial Optimization
Niveau
3rd semester Master: 1st Study cycle
Learning outcomes of the courses/module
The students:
• are able to apply basic and structured financing tools to problems
• can calculate and interpret selected financial ratios from the analysis of annual financial statements
• know different financial restructuring tools
• know special forms of restructuring financing and can distinguish them from classical financing instruments
• know financial restructuring measures in the field of equity capital
• are able to apply basic and structured financing tools to problems
• can calculate and interpret selected financial ratios from the analysis of annual financial statements
• know different financial restructuring tools
• know special forms of restructuring financing and can distinguish them from classical financing instruments
• know financial restructuring measures in the field of equity capital
Prerequisites for the course
3rd semester Master: no details
Course content
I. Fundamentals of Corporate Finance
II. Fundamentals of Restructuring Financing
III. Financial restructuring measures in the area of debt capital
• Waiver of loan termination
• Standstill agreement
• Conversion of existing liabilities
- Declaration of subordination, debt-equity swap
• Reduction or waiver of existing liabilities
- Waiver of claims
• Injection of new debt capital
- Restructuring loan
IV. Special forms of restructuring financing (mezzanine loan incl. participating loan, typical and atypical dormant part-nership, debtor-in-possession capital, profit participation rights, convertible bonds)
V. Other financial restructuring measures
• Book-based equity restructuring
• Subsidies and capital increases
• Shareholder loans
• Turnaround equity Financial restructuring measures in the area of assets (sale of non-operating assets; factoring & forfeiting)
II. Fundamentals of Restructuring Financing
III. Financial restructuring measures in the area of debt capital
• Waiver of loan termination
• Standstill agreement
• Conversion of existing liabilities
- Declaration of subordination, debt-equity swap
• Reduction or waiver of existing liabilities
- Waiver of claims
• Injection of new debt capital
- Restructuring loan
IV. Special forms of restructuring financing (mezzanine loan incl. participating loan, typical and atypical dormant part-nership, debtor-in-possession capital, profit participation rights, convertible bonds)
V. Other financial restructuring measures
• Book-based equity restructuring
• Subsidies and capital increases
• Shareholder loans
• Turnaround equity Financial restructuring measures in the area of assets (sale of non-operating assets; factoring & forfeiting)
Recommended specialist literature
Exler, M. & Situm, M. Hrsg. (2019) Restrukturierungs- und Turnaround-Management, Berlin.
Hohberger, S. & Damlachi, H. Hrsg. (2019) Praxishandbuch Sanierung im Mittelstand, Heidelberg.
Hohendanner, A. & Schreiner, E. (2015) Unternehmenssanierung, Restrukturierung und Fortbestehensprognose, Wien.
von Leoprechting, G. (2018) Unternehmenssanierung, Herne.
Mittendorfer, R. (2007), Praxishandbuch Akquisitionsfinanzierung – Erfolgsfaktoren fremdfinanzierter Unternehmensübernahmen, Heidelberg.
Rüsen, T. A. (2017) Krisen und Krisenmanagement in Familienunternehmen: Schwachstellen erkennen, Lösungen erarbeiten, Existenzbedrohungen meistern, Wiesbaden.
Hohberger, S. & Damlachi, H. Hrsg. (2019) Praxishandbuch Sanierung im Mittelstand, Heidelberg.
Hohendanner, A. & Schreiner, E. (2015) Unternehmenssanierung, Restrukturierung und Fortbestehensprognose, Wien.
von Leoprechting, G. (2018) Unternehmenssanierung, Herne.
Mittendorfer, R. (2007), Praxishandbuch Akquisitionsfinanzierung – Erfolgsfaktoren fremdfinanzierter Unternehmensübernahmen, Heidelberg.
Rüsen, T. A. (2017) Krisen und Krisenmanagement in Familienunternehmen: Schwachstellen erkennen, Lösungen erarbeiten, Existenzbedrohungen meistern, Wiesbaden.
Assessment methods and criteria
• Module Exam (Financial Optimization, Performance Optimization)
• Online Questions
• Online Questions
Language
German
Number of ECTS credits awarded
2
Share of e-learning in %
33
Semester hours per week
1.5
Planned teaching and learning method
• Blended Learning
Semester/trimester in which the course/module is offered
3
Name of lecturer
Nina Dohrau
Academic year
2
Key figure of the course/module
2
Type of course/module
integrated lecture
Type of course
Compulsory
Internship(s)
none