Corporate Finance and Valuation

Aim

On completion of the course, the student should be able to - evaluate and discuss the value of companies in different developmental phases - understand how the financial market in Sweden works, from early venture capital to leverage buyout - analyse how companies create value

Content

The main purpose of the course is to prepare the students for work in the financial industry, for example in corporate analysis, corporate valuation and corporate financing. The course is focused on corporate financing in all developmental phases of a company. This means that the following subareas can be identified: - Venture capital and the venture capital market, which focuses on how the Swedish venture capital market functions and deals with questions such as: How do venture capitalists evaluate completely new companies? In what ways do venture capitalists contribute to the development of the portfolio companies? How do investment managers work in the venture capital companies? - Stock evaluation and the stock market, which covers the most essential models in valuation of shares and companies as well as listed companies, which is why particular focus is on how the stock market functions. This part will cover the factors other than valuation results that govern the development of the value of a share. - Funding of mature companies, which is focused on mature and larger companies. This part focuses on buyouts as a funding form, and the students will learn to make analyses that are used by private equity companies.