Courses NonDegree Display 2017-2018

Course Description To PDF
Course title Entrepreneurial Finance
Course code EBC4181
ECTS credits 6,5
Assessment None
Period
Period Start End Mon Tue Wed Thu Fri
2 30-10-2017 22-12-2017 X X
Level Advanced
Coordinator Pomme Theunissen
For more information: p.theunissen@maastrichtuniversity.nl
Language of instruction English
Goals
The course provides a thorough understanding on financial decision making for small and medium companies from their start-up until the exit (via, e.g., an IPO).
Description
The course provides a thorough understanding on financial decision making for small and medium companies from their start-up until the exit (via, e.g., an IPO). The course starts with a refresher of basic finance theory. Students that have no background in finance should be aware that this is a very brief introduction to finance and are advised to study basic concepts beforehand. After that we will discuss the empirics of returns to private equity, i.e., how profitable is it to start a business. The next topic is capital choices of small businesses. Some financing choices of entrepreneurs will be discussed in more detail, namely relationship lending, crowd financing, and angel and venture capital. The course ends with an overview of exit choices of investors.
All topics are covered via research articles that present important empirical results.
Literature
journals articles and case studies
Prerequisites
Courses and workload are very demanding. Students need to have obtained a Bachelor degree in economics or business administration and at least some financial education. Students need to major in finance in their Master. Basic finance concepts are assumed to be known and they include: concept of net present value, internal rate or return, CAPM, WACC, optimal capital structure theory, Lintner's dividend model, agency costs, debt overhang, and moral hazard.

THIS COURSE IS NOW OPEN FOR SBE MASTER IB-FINANCE STUDENTS
Teaching methods Presentation / Lecture / Assignment
Assessment methods Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Business Research IB Electives
Master Business Research Track OR IB Electives
Master International Business Specialisation Accountancy Electives
Master International Business Specialisation Controlling Electives
Master International Business Specialisation Entrepreneurship and SME Management Compulsory Courses
Master International Business Specialisation Organisation: Management, Change and Consultancy Electives
Master International Business Specialisation Strategic Corporate Finance Compulsory Courses
Master International Business Specialisation Strategy and Innovation Electives
Master International Business Specialisation Sustainable Finance Electives
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses