• Conflicts between stockholders, managers, and other players such as debt holders and labor.
• Various types of business problems, why they arise and how they can be solved.
• Costs and benefits of relying upon shareholder value as the central objective of management.

You will be able to apply basic financial techniques to understand the motivations and range of choices affecting investors, managers, workers, government and other players in major corporations. You will gain valuable insights into important concepts such as agency costs, market efficiency, free cash flow theory, capital structure, valuation and corporate governance.

Certificate

At the end of the open MBA program, each participant will be awarded a Mannheim Business School certificate.

• Mid-level executives who wish to learn more about the structure and purposes of a wide range of fundamental transactions in modern business
• High-potentials who wish to deepen their understanding of vital issues in corporate finance and corporate governance

Pre-requisites

Sound knowledge of corporate finance is a pre-requisite for the program, as the case studies in this program will use basic corporate finance techniques. The valuation program taught by Prof. Maug would also be very helpful.

The program consists mainly of interactive lectures, presented in an informal method that encourages active interaction and discussions between the professor and participants.
The inputs from the professor are supplemented by three case study assignments to be discussed in class. In addition to the casework, which is also done outside of class, a number of readings from academic journals will be assigned that should ideally be done in advance of the relevant lectures. The program includes a final examination.

Required Reading

Participants will be provided with program material before the start of the program. We strongly recommend reading the material and preparing for the program in order to gain maximum benefit from the program.

Prof. David Yermack, PhD

David Yermack is currently Professor of Finance at New York University Stern School of Business, US, and previously taught, amongst others, at Harvard University, Erasmus University Rotterdam, London Business School, University of St. Gallen, and University of Western Australia. His areas of expertise include corporate finance, executive compensation, executive stock options, boards of directors, corporate governance, and law and economics.

David Yermack has published papers in, amongst others, the Journal of Corporate Finance, Journal of Accounting and Economics, Journal of Financial Economics, Financial Management, Journal of Law, Journal of Finance, and Journal of Business. He is a member of the board of directors of the Financial Management Association, member of the editorial board of several academic journals in the area of finance, Visiting Scholar at the Federal Reserve Bank of New York, and member or fellow of numerous academic research organizations. Professor Yermack has been awarded two All-Star Paper awards from the Journal of Financial Economics.

Tuition Fee

3,100 € including VAT, all program material and coffee breaks.

Special Offers

• Early Bird Offer: Application 8 weeks before program start will result in a 150 Euro reduction of the tuition fee.
• Alumni: Members of the Mannheim Business School and University of Mannheim Alumni Networks will receive a tuition fee reduction of 15% (after early bird reduction).
• Non-Alumni: Booking two programs together will result in a 5% fee reduction. Booking three programs together will result in a 10% reduction (after early bird reduction).

Contact Us

For further information regarding this program, please e-mail execed(at)mannheim-business-school.com or phone +49 (0)621 181 37 21. To apply, please download our application form.

Dates, prices and locations are subject to change.