Business Valuation, M & A, and Performance Management


Dr. Stefan Gros


Course Schedule

October 25, 2014

November 8, 2014

November 22, 2014

December 6, 2014

January 17, 2015

from 9 am to 2 pm

place: Albert-Einstein-Allee 47, room 47.0.501


Learning outcome:


Students will learn to use basic valuation and finance terminology in an adequate and critical manner.


They will develop an understanding of the connections within a business valuation and find out the

relations between finance and strategy.


Students will be able to understand business valuation as a guideline of business decisions and to

conduct valuations. The comprehensive connections between the different sub-categories of business

science will be made transparent.


They will learn how to develop and apply portfolio strategies and get an understanding of corporate

performance. Furthermore they learn the analysis of Mergers & Acquisitions, approaches for improving

the business performance and the design of capital structure as a means to support the corporate



After finishing the course, students will possess necessary basics for the Certified Financial Analyst (CFA), an additional qualification which is relevant in the professional life.



Lecture notes and review questions will be provided via Moodle.

The course (3 credits) consists of three parts:

lecture                                         tutorials                                          case studies


There will be tutorials on the main topics at the end of the semester.

EXAM: 90 min., consists of multiple choice, verbal and quantitative parts, mainly based on the lecture and the tutorials.
Students have to prepare a case study by themselves. This will be 1/5 of the grade.

Exam-Tutorial: 19 December 2014, 10:30 a.m. place - O29, room 1001

Exam will take place on 26th of February 2015; 2-4 p.m., room: H11


Case Study Allocation for WS 2014/2015

Case study presentation is a prerequisite to take the written exam! Deadline for enrollment is 10 November 2014 (for details see Moodle).



In case of interest in student internships with audit companies, M & A departments in industry or investment bank, please feel free to contact me directly.

Any questions? Please contact me via e-mail ( or my teaching assistant Cornelius Grundmann (


Other information:

M & A study