Descriptif de module - HES-SO

Descriptif de module
Domaine HES-SO : Economie et services
Filière : Master of Science en Business Administration
1
Intitulé du module
Entrepreneurial Finance
2014-2015
Code
E.MScBA.390.OE32.E.14
Type de formation *
Bachelor
Master
Niveau
module de base
module d'approfondissement
module avancé
module spécialisé
Caractéristique
Type de module
Organisation temporelle
En cas d'échec définitif à un
module principal
module sur 1 semestre
module défini comme obligatoire
module lié au module principal
module sur 2 semestres
pour acquérir le profil de formation
module facultatif ou
semestre de printemps
correspondant, l'étudiant-e est
complémentaire
semestre d'automne
exclu-e de la filière, voire du
Autres
domaine si le règlement de filière le
précise conformément à l'article 25
du Règlement sur la formation de
base (bachelor et master) en
HES-SO
2 Organisation
Crédits ECTS *
5
MAS
Langues(s)
allemand
anglais
français - allemand
français - anglais
EMBA
DAS
CAS
Autres
allemand - anglais
français
français - allemand - anglais
3 Prérequis
avoir validé le(s) module(s)
avoir suivi le(s) module(s)
Pas de prérequis
Autre
Autres prérequis
4 Compétences visées / Objectifs généraux d'apprentissage *
[] - Explain the link between corporate finance and corporate strategy of founding companies. - Describe finance-relevant themes when
founding a company. - Assess funding sources and financial instruments. - Compare equity financing by the entrepreneur, Business Angels,
and state equity capital. - Demonstrate features of venture capital financing. - Analyse venture capltal as startup financing. - Develop financial
planning as preparation for injection of financial resources for founding companies. - Describe finance-relevant themes in financing growth. Assess funding sources and financial instruments. - Analyse mezzanine and loan financing, leasing, factoring, private equity and financing
through the stock exchange. - Demonstrate solutions to problems arising from information asymetry between investors and entrepreneurs. []
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Descriptif de module
Domaine HES-SO : Economie et services
Filière : Master of Science en Business Administration
1
Intitulé du module
Entrepreneurial Finance
2014-2015
5 Contenu et formes d'enseignement *
Block 1 - New Venture financing, Venture Capital
Practical understanding and application of:
- Financial Planning
- Financial Sources
- Fund raising process
- Financial Contracts
- Valuation
- Dilution
- Option plan
- Pitching
- Some advice
- Support for Start-ups
- Risk capital in Switzerland (Pros and cons)
- What could be done to improve the Swiss ecosystem of start-ups
- Guest speaker (Start-up CEO, NN)
Block 2 - Entrepreneurial Financial Management/Controlling
- Integrated Controlling Systems
- Management Accounting Systems (Normal, Plan, Process)
- Definition of Value Drivers (financial/non-financial)
- Value Based Management
- Balanced Scorecard/Strategy Maps
- Contemporary Planning (Forecasting, beyond budgeting)
- Capital Budgeting
- Cashflow/Liquidity Planning
- Overview of IT Systems
Block 3 - Corporate Finance for SME-Focus Growth Finance
- Source of Finance
- Definition of funding needs
- Internal Finance from Cashflow
- Debt Finance (incl. all sub-categories)
- Equity Finance (IPO, Private Equity etc.)
- Pecking Order and cost of debt vs. Cost of Equity
- Default risk/Ratings
- Dear Structures/Case studies
Block 4 - Valuation and Exit
- Catalyst for a valuation
- Valuation methods (DCF, Option, Dividend Growth, Multiple based)
- Determining factors of a valuation model/Modellng
- Exit strategies
- Exit methods (MBO, Private Sale, Private Equity, IPO, Liquidation)
- Exchanges (OTC, Local Exchange BX, SIX or alternative exchange abroad)
- Exit methods revisited
The learning method will involve a mix of interactive lectures, class discussions, and case presentations. Emphasis will be on developing an
understanding of key concepts at the marketing and entrepreneurship interface and applying them in a wide variety of contexts. Students are
expected to come to class prepared and to make a contribution to classroom discussions. Contributions include asking questions, answering
questions, providing examples from one`s own life experiences and other courses, expressing opinions, taking positions, disagreeing with
points made by the instructor or peers, and so forth.
6 Modalités d'évaluation et de validation *
An entry test which counts for 10% of the final grade will be carried out at the very first lecture.
The final examinations will involve long-answer essay answers in which students must demonstrate a) their understanding of the key
frameworks, perspectives, concepts, ideas and tools introduced in the course, b) their ability to relate these frameworks, perspectives,
concepts, ideas, and tools to one another.
7 Modalités de remédiation *
remédiation possible
pas de remédiation
Autres modalités (préciser ci-dessous)
7a Modalités de remédiation (en cas de répétition) *
remédiation possible
pas de remédiation
Autres modalités (préciser ci-dessous)
Autres modalités de remédiation
If grade [3.5; 3.9] and if no previous failing marks in the module. Maximum grade is 4.0
8 Remarques
Grading system: From 6 (very good) to 1 (fail)
9 Bibliographie
Damodaran, A. (2011): Applied Corporate Finance, 3rd ed., John Wiley & Sons.
Kawasaki, G. (2004): The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything, Portfolio
Cornwall J. R.; Vang, D. O.; Hartman, J. M.(2004): Entrepreneurial Financial Management: An Applied Approach, 2nd
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Descriptif de module
Domaine HES-SO : Economie et services
Filière : Master of Science en Business Administration
1
Intitulé du module
Entrepreneurial Finance
2014-2015
10 Enseignants
Nom du responsable de module *
Rico Baldegger
Descriptif validé le *
08.09.2014
Descriptif validé par *
Rico Baldegger
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