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Instructors: Univ.-Prof. Dr. Louis Velthuis; Andreas Vorndran
Event type:
Lecture/practice class
Displayed in timetable as:
Value Based Mgmt.
Hours per week:
4
Language of instruction:
Englisch
Min. | Max. participants:
- | -
Requirements / organisational issues:
Course language: english.
Lecture and tutorial
Contents:
• Main Fields of Application, Instruments & Requirements of Value Based Management
• Shareholder Value Approach and Maximizing Market Value
• Main Fields of Application, Instruments & Requirements of Value Based Management
• Shareholder Value Approach and Maximizing Market Value
• Traditional Performance Measures and their Limits
• General Adequacy of Residual Income as a Performance Measure
• Value Added Measures and Concepts: EVA
• Value Added Measures and Concepts: CVA & ERIC
• Importance and Limits of Adjustments
• Determining the Cost of Capital
• Risk-adjusted vs. Risk-free Costs of Capital as Hurdle Rates
• Management Compensation Schemes: Practice vs. Theory
• Implementing VBM, Value Drivers & Balanced Scorecard
The concepts of value-oriented performance measures such as EVA, CVA and ERIC are conveyed in the context of value-based management. The content of the lecture is completed with exercises and case studies.
Recommended reading list:
Young, S. D. und O’Byrne, F.: EVA and Value-Based Management, New York et al. 2001.
Velthuis, L. J. und Wesner, P.: Value Based Management: Bewertung, Performancemessung und Managerentlohnung mit ERIC, Stuttgart 2005.
Additional information:
You can download the first lecture at the beginning of the semester in our public part of our downloadcenter.
Further documents will be provided in the non-public part and via Moodle. We will communicate the password as well as the username for our non-public part of the downloadcenter in the first lecture.
The exam will be in english. You can answer in either english or german.
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