The program offers 2 core courses for the attendees in order, to comprehensively understand international financial markets, enhance the financial and banking knowledge, and key leadership skills imperative in the accelerated business world. Finance & Leadership summer school consists of the courses Introduction to Corporate Finance & Leading Entrepreneurial Venture. Courses are credited for 4 ECTS each.
Schedule | Classes will take part from 9 am to 5 pm (One-hour lunch break)
Certification | A certificate of attendance will be delivered. The workload is equivalent to 8 ECTS.
In this course, you will get a first overview of all financial aspects of new and existing businesses. You will see that at the start-up, companies require significant outside financing to pay for their operations. Eventually, investors will want to see a return on their investment, in the form of interest and dividend payments. Before discussing the key sources of financing for corporations, the professor will make sure that everyone understands the language of finance (and business in general): financial accounting. You will then get an overview of sound investment decisions (capital budgeting), and the main two sources of finance: equity and debt. You will follow the (financing) steps of an imaginary but realistic company through its start-up phase and interactions with individual financiers (business angels and venture capitalists), banks, and eventually the stock and bond markets. You will also address the capital structure, corporate governance, and dividend policy. Finally, we will study how we can estimate the value of firms, and shares of partial ownership (‘stocks’ or ‘equities’).
Students will gain an understanding of the processes at each step of bringing an idea to market including, but not limited to: opportunity identification, customer development, crafting a business model, choosing the founding team, partnerships, pitching, and investors.
At the conclusion of the course students should be able to:
Identify and validate opportunities from which companies are started
Perform customer development and market research to define a strong a business model
Interview customers to validate a business model
Assemble a startup team
Analyze and develop startup financials
Understand the different startup investors and how they make investment decisions