New course 1FP555 (International Week – Business Valuation)

Aims of the course
Business valuation is important for managers and investors. Managers of profit oriented companies are supposed to follow the interest of the owners by making value generating decisions. But also for other purposes besides value based management (like buying or selling shares in companies, business units or total companies, valuing business projects or creditor claims) valuation techniques are indispensable knowledge for executives. This applies to valuing the ‘own’ company or area of responsibility. Thus, valuation is needed from an intra-company perspective. However, it is also important from an external perspective when it comes to valuing other companies or business units from the point of view of a debt or equity investor, financial analysts or a competitor.

The course builds upon knowledge the participants have acquired in accounting, controlling, financial management and corporate finance and applies that knowledge to valuing companies. It will emphasize the economic reasoning especially behind the assumptions made, thus checking them for plausibility, and the value of flexibility as business opportunities require more than a just a black-and-white way of decision making.

Regular course units:

Lector: Prof. Dr Andreas Schüler

Andreas Schüler is a Professor of Finance at the Universitaet der Bundeswehr Munich, Germany, since 2004. He received his MBA from Murray State University, USA in 1993, supported by a Fulbright-Grant. Prof. Schueler received his PhD in 1997 from the University of Regensburg, Germany, with summa cum laude and finished his post-doc degree (Habilitation) in January 2004 at this university. For both his PhD thesis and his post-doc thesis he received awards (award of the Deutschen Aktieninstitut e. V. in 1999, of the Heinz-Ansmann-Stiftung in 2000 and of the Bayerische Landesbank, Munich, in 2005).

Prof. Schüler currently teaches Corporate Finance, Asset Pricing & Management, Corporate Valuation and Capital Budgeting at the University of Regensburg in Germany. He has taught at several Universities and in several executive training programs. He is also experienced in consulting on valuation issues and served as an expert witness.

He has (co)authored several books on valuation (Unternehmensbewertung, together with Jochen Drukarczyk; Akquisitionen, Börsengänge und Restrukturierungen: Fallstudien zur Unternehmensbewertung, together with Jochen Drukarczyk; Finanzmanagement mit Excel) and a number of articles in national and international journals in finance and accounting (see below). His major areas of research are value based management, corporate restructuring, and corporate valuation.

A list of his publications and some of the publications are available here:
https://www.unibw.de/finance/forschung

https://www.researchgate.net/profile/Andreas-Schueler-3