2011

Master/MBA: FIN622 Raising Capital from Financial Institutions
FSS 2011, Tuesdays: 10.15am – 11.45am, Room: O169

You can find the preliminary syllabus of this class here.

This course explores the role of financial institutions in helping non-financial businesses raise capital. The first part of the course provides an overview of the financial system architecture and emphasizes causes and consequences of the financial crisis. We also analyze the role of financial contracts in raising capital such as lending to large customers (syndicated lending). We will discuss, among other things, the credit risk inherent in loan contracts, how to measure and price credit risk and the economics of structured finance. We also discuss lending to small businesses and compare bank loans to venture capital financing. The third part of the course explores the leveraged loan market. We will discuss the distinct features of the leveraged to the investment grade loan market (e.g. the role of private equity and other institutional investors) and the role of the structured credit market in fueling the LBO loan supply of the pre-crisis period. The fourth part of the course explores the restructuring of debt (in the post-crisis period). The last section gives an overview of the international loan market. The course language is English and will be structured as a combination of lecture, discussion and case studies. We will have 2 guest speakers.

Master Thesis Topics
(All thesis topics are empirical and require data collection and analysis!)

1. The Financial Crisis in Europe: 2007 Until Today
2. Quo Vadis Regulation? Financial Market Regulation after the Financial Crisis
3. Announcement Effects in Loan Syndication (advanced degree of difficulty)

Bachelor Thesis Topics
TBD

2010

PhD: FIN912 Seminar in Financial Institutions (Course Homepage)

Master/MBA: Seminar Bank ("Syndizierte Kredite") (Course Homepage)
Keywords: Syndication; Relationships; Loan Pricing; Covenants; Institutional Lending; Secondary Markets

2009

Bankbetriebslehre FIN 520 ("Banking") (Course Homepage)

Keywords: Bank Management; Regulation; Risk Management

2005-2007 Goethe University Frankfurt

Inside the Private Equity Industry – A Case Study Seminar [TA]

Financing of Buyout and Acquisition Transactions – A Case Study Seminar [TA]

M&A Hands-On [TA]

Seminar in Credit Risk (PhD Course) [TA]

Seminar in Venture Capital and Private Equity [TA]

Finanzwirtschaft 2 ("Capital Markets and Financing Decisions") [TA]