700.901 (21S) Value based Management

Sommersemester 2021

Registration deadline has expired.

First course session
02.03.2021 08:00 - 10:00 ONLINE Off Campus
... no further dates known

Overview

Due to the COVID-19 pandemic, it may be necessary to make changes to courses and examinations at short notice (e.g. cancellation of attendance-based courses and switching to online examinations).

For further information regarding teaching on campus, please visit: https://www.aau.at/en/corona.
Lecturer
Course title german Value based Management
Type Lecture - Course (continuous assessment course )
Course model Online course
Hours per Week 1.0
ECTS credits 2.0
Registrations 5 (40 max.)
Organisational unit
Language of instruction English
Course begins on 02.03.2021
eLearning Go to Moodle course

Time and place

Please note that the currently displayed dates may be subject to change due to COVID-19 measures.
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Course Information

Intended learning outcomes

Getting an idea of

  • How to value investment opportunities?
  • What drives shareholder value and how to reflect this in corporate planning?
  • How to measure the shareholder value that was/will be generated in a single period?
  • How to affect managerial decisions in direction of shareholder value?
  • Further aspects, for example, criticisms of value based management, shareholder vs. stakeholder value,…

Teaching methodology including the use of eLearning tools

Lecture, discussion and students' presentation.

Course content

The key issue of value-based management is to prioritize those decisions which contribute to firm value. Besides a certain managerial mind-set value-based management also comprises various metrics (like economic value added®) and instruments directed to measure and deliberately affect firm value. The course provides an introduction to value-based management including value-based metrics and value-based management compensation. In the course, the key features of value-based management are analysed and its consequences are discussed.

  • Idea and background of value-based management
  • Basic principles of valuation, esp. net Present Value and discounted cash flow
  • Principles of residual income-based metrics
  • Examples of residual income-based metrics (economic value added, cash flow return on investment)
  • Value-based management compensation
  • Critical assessment of value-based management
  • Shareholder value vs. stakeholder value

Literature

Young, S. David; O’Byrne, Stephen F.: EVA and Value-Based Management: A Practical Guide to Implementation, New York et al. 2000 (McGraw-Hill) Brealey, Richard A.; Myers, Stewart C; Allen, Franklin: Principles of Corporate Finance, 11th Global Edition, Maidenhead et al. 2014 (McGraw-Hill Education)

Examination information

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Examination methodology

Oral presentation and position paper.

Examination topic(s)

The oral presentation (30 minutes) is intended to give an overview about the selected topic.

The position paper deals with the same topic as the student’s oral presentation.

Assessment criteria / Standards of assessment for examinations

Attendance of at least 75%.

For the presentation and position paper:

  • correctness and clarity (i.e., are the key ideas of the research paper correctly and concisely captured and presented).

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Master's degree programme Information Management (SKZ: 922, Version: 19W.1)
    • Subject: Quantitative Management (Compulsory elective)
      • 6.1.1 Value Based Management ( 0.0h VC / 2.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
          Absolvierung im 1., 2., 3., 4. Semester empfohlen
  • Master's degree programme Information Management (SKZ: 922, Version: 13W.2)
    • Subject: Freie Wahlfächer (Optional subject)
      • Freie Wahlfächer ( 0.0h XX / 6.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
  • Masterstudium Information and Communications Engineering (ICE) (SKZ: 488, Version: 15W.1)
    • Subject: Management and Economics : Fundamentals (WI) (Compulsory subject)
      • Value based Management ( 0.0h VK / 2.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)
  • Masterstudium Information and Communications Engineering (ICE) (SKZ: 488, Version: 15W.1)
    • Subject: Lehrveranstaltungsauswahl (siehe Seite 19 des Curriculums) (WI) (Compulsory elective)
      • Lehrveranstaltungsauswahl ( 0.0h XX / 6.0 ECTS)
        • 700.901 Value based Management (1.0h VC / 2.0 ECTS)

Equivalent courses for counting the examination attempts

Sommersemester 2024
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2023
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2022
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2020
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2019
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2018
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2017
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)
Sommersemester 2016
  • 700.901 VC Value based Management (1.0h / 2.0ECTS)