(in Polish) Value-based Management 1100-ER-M-VaBM

The course presents the concepts of value and business valuation. It contains analysis of value creation, ROIC concept, business valuation methods, value added concepts (MVA, EVA, SVA), market value approach, capital structure, debt and equity, dividends and the business value. The topics of the course are as follows:
1. Foundations of value (the idea and goals of value creation)
2. Principals of value creation (stakeholders vs. shareholders approach)
3. Performance measurement (ROIC concept, market value approach, capital structure, Value-added ratios)
4. Performance management (Free cash flows management, dividend policy, debt/equity management, Value-added management)
5. Business valuation methods (DDM, DFCFF, DFCFE, DEVA, book value).

Total student workload

Classes requiring direct participation of the teacher – lecture: 15h, consultation to the lecture 15h, tutorial 15h, consultation to the tutorial 5h, 2 ECTS; Self-study: case study solving: 15h, 0,5 ECTS Self-study: value-added financial ratios understanding and calculation: 15h, 0,5 ECTS Self-study: Preparation to the written graded credit: 30h, 1 ECTS

Learning outcomes - knowledge

W1: The student knows, understands and considers – from the perspective of management theory – the idea, goals and conditions of a value creation - K_W02, K_W04. W2: The student knows, understands and considers – from the perspective of management theory – the principles, tools and methods of value creation, regarding distribution of the created value for shareholders and stakeholders - K_W08.

Learning outcomes - skills

U1: The student knows how to use tools and measures of company valuation, as well as value creation - K_U01, K_U02. U2: The student is able to identify and use the proper actions supporting value creation by the company - K_U06.

Learning outcomes - social competencies

K1: The student develops and applies the tools of collecting information to take effective decisions - K_K01. K2: The student develops creative solutions to the problems of the value creation by the company - K_K02.

Teaching methods

Power Point presentation, case study solving, excercises solving, discussion

Observation/demonstration teaching methods

- display

Expository teaching methods

- description
- narration
- informative (conventional) lecture
- participatory lecture
- problem-based lecture

Exploratory teaching methods

- practical
- case study
- classic problem-solving

Online teaching methods

- cooperation-based methods
- content-presentation-oriented methods
- exchange and discussion methods

Prerequisites

Basic knowledge in financial management or corporate finance.

Course coordinators

Michał Buszko

Assessment criteria

Lecture - Written, single choice test (Graded credit), 20 questions – W1, W2,
Exercises – Written single choice test (Graded credit), 10 questions - U1, U2,
Class activities – K1, K2.

To pass the course successful student has to prove that he/she:
• knows general assumptions and concepts of value based management,
• knows the stages of the process of value creation
• knows the sources of a value creation,
• knows how different internal as well external factors influence business value and value creation.
• knows how to measure value-creation and company value performance.

Additional information

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

Description of 1100-ER-M-VaBM in USOSweb