700.901 (22S) Value based Management

Sommersemester 2022

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Erster Termin der LV
08.03.2022 08:00 - 10:00 S.1.05 On Campus
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Überblick

Bedingt durch die COVID-19-Pandemie können kurzfristige Änderungen bei Lehrveranstaltungen und Prüfungen (z.B. Absage von Präsenz-Lehreveranstaltungen und Umstellung auf Online-Prüfungen) erforderlich sein.

Weitere Informationen zum Lehrbetrieb vor Ort finden Sie unter: https://www.aau.at/corona.
Lehrende/r
LV-Titel englisch Value based Management
LV-Art Vorlesung-Kurs (prüfungsimmanente LV )
LV-Modell Präsenzlehrveranstaltung
Semesterstunde/n 1.0
ECTS-Anrechnungspunkte 2.0
Anmeldungen 6 (40 max.)
Organisationseinheit
Unterrichtssprache Englisch
LV-Beginn 08.03.2022
eLearning zum Moodle-Kurs

Zeit und Ort

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LV-Beschreibung

Intendierte Lernergebnisse

Getting an idea of

  • How to value investment opportunities?
  • What drives shareholder value and how to reflect this in corporate planning?
  • How to measure the shareholder value that was/will be generated in a single period?
  • How to affect managerial decisions in direction of shareholder value?
  • Further aspects, for example, criticisms of value based management, shareholder vs. stakeholder value,…

Lehrmethodik

Lecture, discussion and students' presentation.

Inhalt/e

The key issue of value-based management is to prioritize those decisions which contribute to firm value. Besides a certain managerial mind-set value-based management also comprises various metrics (like economic value added®) and instruments directed to measure and deliberately affect firm value. The course provides an introduction to value-based management including value-based metrics and value-based management compensation. In the course, the key features of value-based management are analysed and its consequences are discussed.

  • Idea and background of value-based management
  • Basic principles of valuation, esp. net Present Value and discounted cash flow
  • Principles of residual income-based metrics
  • Examples of residual income-based metrics (economic value added, cash flow return on investment)
  • Value-based management compensation
  • Critical assessment of value-based management
  • Shareholder value vs. stakeholder value

Literatur

Young, S. David; O’Byrne, Stephen F.: EVA and Value-Based Management: A Practical Guide to Implementation, New York et al. 2000 (McGraw-Hill) 

Brealey, Richard A.; Myers, Stewart C; Allen, Franklin: Principles of Corporate Finance, 11th Global Edition, Maidenhead et al. 2014 (McGraw-Hill Education)

Prüfungsinformationen

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Prüfungsmethode/n

Short oral presentation (20 min.) and a short paper of 6 pages atmaximum (not including index, references, appendix...).

Prüfungsinhalt/e

To each examinee a topic related to Value Based Management will be assigned.

The oral presentation is intended to give a short overview about the key components of the respective topic.

The paper should provide an short overview of the topic and a discussion of a selected aspect within that topic.

Beurteilungskriterien/-maßstäbe

Attendance of at least 75%.

For the presentation and the paper:

  • correctness and clarity (i.e., are the key ideas of the topic correctly and concisely captured and presented).

For the paper additionally:

  • Elaboration (clarity, balance of arguments) of how the respective aspects is discussed.

Beurteilungsschema

Note Benotungsschema

Position im Curriculum

  • Masterstudium Information Management (SKZ: 922, Version: 19W.1)
    • Fach: Quantitative Management (Wahlfach)
      • 6.1.1 Value Based Management ( 0.0h VC / 2.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
          Absolvierung im 1., 2., 3., 4. Semester empfohlen
  • Masterstudium Informationsmanagement (SKZ: 922, Version: 13W.2)
    • Fach: Freie Wahlfächer (Freifach)
      • Freie Wahlfächer ( 0.0h XX / 6.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
  • Masterstudium Information and Communications Engineering (ICE) (SKZ: 488, Version: 15W.1)
    • Fach: Management and Economics : Fundamentals (WI) (Pflichtfach)
      • Value based Management ( 0.0h VK / 2.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
  • Masterstudium Information and Communications Engineering (ICE) (SKZ: 488, Version: 15W.1)
    • Fach: Lehrveranstaltungsauswahl (siehe Seite 19 des Curriculums) (WI) (Wahlfach)
      • Lehrveranstaltungsauswahl ( 0.0h XX / 6.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)

Gleichwertige Lehrveranstaltungen im Sinne der Prüfungsantrittszählung

Sommersemester 2024
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2023
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2021
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2020
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2019
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2018
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2017
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2016
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)