2018/2019
BA-BHAAV2262U Entrepreneurial Finance
English Title |
Entrepreneurial
Finance |
|
Language |
English |
Course ECTS |
7.5 ECTS |
Type |
Elective |
Level |
Bachelor |
Duration |
One Quarter |
Start time of the course |
Second Quarter |
Timetable |
Course schedule will be posted at
calendar.cbs.dk |
Study board |
Study Board for BSc in Economics and Business
Administration
|
Course
coordinator |
- Morten Sørensen - Department of Finance
(FI)
|
Main academic
disciplines |
|
Teaching
methods |
|
Last updated on
20-06-2018
|
Learning objectives |
- Assess financially an entrepreneurial opportunity
- Estimate the value of a nascent firm/newly established
firm
- Understand the difference between the funder’s perspectives and
those of the company being financed
- Account for how various sources of financial resources differ
(venture capital, business angle capital, private equity, early
stage and traditional financing sources)
- Estimate the optimal timing in terms of obtaining funding and
when to go public
|
Course prerequisites |
Course Prerequisite:
The course is offered to bachelor students in the 5th semester as
an elective
regardless of study line. It can be chosen as a stand-alone
elective or as part of
the three courses Minor in Entrepreneurship consisting of
Entrepreneurial
Finance, Entrepreneurial Strategy and Business Planning and
Business Models.
The course builds on the principles of finance. And it is
complementary to the
other courses in the minor. |
Examination |
Entrepreneurial Finance:
|
Exam
ECTS |
7,5 |
Examination form |
Written sit-in exam on CBS'
computers |
Individual or group exam |
Individual exam |
Assignment type |
Written assignment |
Duration |
4 hours |
Grading scale |
7-step scale |
Examiner(s) |
One internal examiner |
Exam period |
Winter |
Aids |
Open book: all written and electronic aids,
including internet access
|
Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination instead.
If the number of registered
candidates for the make-up examination/re-take examination warrants
that it may most appropriately be held as an oral examination, the
programme office will inform the students that the make-up
examination/re-take examination will be held as an oral examination
instead.
|
Description of the exam
procedure
|
|
Course content and structure |
Course Description:
The act of entrepreneurship often involves a number of challenges
characterized
by risk and uncertainty and which needs considerations pertaining
to finance.
These financial challenges especially represent a hurdle for the
entrepreneur in
high-tech settings. Securing funding and establishing the financial
resources to
undertake an entrepreneurial venture is more often than not one of
the main
activities to undertake when establishing a new firm. Startup
investors are also
in need of assessing and understand the financial aspects of
potential investment
opportunities vis-à-vis nascent entrepreneurs or newly established
firms.
Furthermore, there are substantial managerial challenges pertaining
to finance
that need to be considered in entrepreneurial settings. This course
provides
insight in these aspects of the entrepreneurial process.
Course Contents:
This course offers tools and insights that help entrepreneurs or
their investors
navigate through these challenges. Specially, the course will aim
to provide
answers to questions like; how much money is needed for
establishing the
business; what type of investor is the optimal for the business;
when should this
money be raised; what is the value of the newly founded firm; and
how should
entrepreneurs think about exiting.
|
Description of the teaching methods |
Teaching methods:
The pedagogical method is a combination of lectures, cases,
exercises and an
individual home work assignment. A satisfactory high outcome of the
exercises
requires an active participation with basis in the literature and
the lectures. The
homework assignment is an integrated part of the learning process
and not only
a part of the exam. |
Feedback during the teaching period |
Class feedback sessions after exams
|
Student workload |
Lectures and exercises: |
166 hours |
Exam: |
40 hours |
|
Last updated on
20-06-2018