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2018/2019  BA-BHAAV2262U  Entrepreneurial Finance

English Title
Entrepreneurial Finance

Course information

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
  • Entrepreneurship
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 20-06-2018

Relevant links

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
Read more here about which exam aids the students are allowed to bring and will be given access to : Exam aids and IT application package
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