Module

Module WS 2015/2016

  • Dimensions of Corporate Governance
  • Practice of Right of Control by Various Actors
  • Conflict of Interest
  • Financial Remuneration for Managers
  • Role and Responsibility of Institutions (Accounting, State)
  • Corporate Governance in Financial Services Undertakings
  • Empirical Investigations of Corporate Governance
  • Ethical Requirements in Investment Management
  • Professional Standards in Investment Management, e.g. in Connection with Non-Public Information, Obligations to Customers and Employers, Dealing with Conflict of Interest
Extracurriculare activities comprise of various activities that are not strictly linked to the curriculum and further support students in their studying. Please note that parts of the module require obligatory participation.
  • Recognising problems and analysing various topics in the area of financial services
  • Handling ambitious practical problems in financial services like consulting projects and real portfolio management
  • Developing customer-specific solutions
  • Communicating with project client
  • Presenting the final project report
  • Working in a team in a project-oriented manner
  • Mastering a portfolio under the supervision of a portfolio manager
  • Working up all relevant information and data for portfolio management
  • Structuring the strategic and tactical asset allocation
  • Deciding on security selection
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.
  • National, International and European Company Law in the Private Banking industry
  • National, International and European Taxation of Asset Structures and of Financial
  • Instruments in the Private Banking industry
  • Critical Observation of Competitors
  • Strategic Concepts and their Application
  • Dealing with Bank-Specific Controlling Instruments and Information Media
  • Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest
  • Methods, Capital Resources Requirement and Differing Economic Scenarios
  • Definition and forms of sustainable investments
  • Legal framework of sustainable investments - advantages/disadvantages
  • Sustainable market and performance overview with trends and outlook
  • Introduction to the worlds of real estate and property development, investment, finance, marketing and management
  • Familiarity with the conceptual frameworks, practical tools and language
  • Definition of real estate is an important asset
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market

Module SS 2015

  • Function of Financial Markets
  • Regulation of the Financial System
  • Monetary Policy
  • Banking Regulation
  • Going Public, IPO`s
  • Underpricing and Underperformance
  • Merger and Acquisitions Process
  • Merger Motives
  • Defence Measures
  • The Role of Investment Funds in Investment Banking
  • Hedge Funds and Private Equity Funds
  • Review of relevant economic concepts and topics
  • International Monetary Trade
  • Portfolio and Asset Management
  • Banking
  • Discussion of Case Studies
  • Instruments on the Futures Market: Forwards, Futures, Options and Swaps
  • Significance of Yield Curve
  • Evaluation of Forwards, Futures and Swaps
  • Characteristics of Option Prices
  • Evaluation of Options According to Black/Scholes and Binomial Model
  • Derivative Elements in Structured Products
  • Greeks and Volatility Smiles
  • Exotic Options
  • Selected Aspects of Risk Management (e.g. Value at Risk, Backtesting, Stress Testing)
  • Hedging Strategies
  • Financial Engineering of Various Finance Instruments
  • Operational Risks
Extracurriculare Activities comprise of various activities that are not linked to the Curriculum of the MSc in Banking and Financial Management, which are optional and further support the studying of the Master programme.
  • Global Financial Environment
  • International Parity Conditions and Exchange Rates
  • The Foreign Exchange Market and Derivatives
  • Foreign Exchange Exposure
  • Financing and Investing in the Global Firm
  • Working Capital Management
  • Investment and Financing Decisions in Entrepreneurial Settings
  • Deal Structuring
  • Evaluation Instruments for Entrepreneurial Ventures
  • Harvesting Strategies
  • Discussion of the Methods of Individually Selected Journal Articles
Theories of International Trade and International Finance aim at explaining underlying dynamics of economic and social developments in a global context. They also allow to investigate relations between market and industry structures and flows in goods, services and financial flows. Furthermore they serve in designing and evaluating the impact of macro-economic policies, currency fluctuations and trading regimes on economies, business strategy and operations.

The module aims at examining how national policies can, in theory, shape international trade and finance, and constrain the climate for international business. It extends this analysis to the international system discussing the role of international arrangements and institutions, e.g. the WTO, on international trade and investment.

Using a series of country-based case studies, students will have the opportunity to investigate how firms feel and master the impact of government policy and institutional set-ups in a specific nation state or economic region, for example China, India, the Arab World and South-America.

Contents of the module are:
  • Sources of international comparative advantages (differences in natural resources, technology and factor endowment)
  • Principles of strategic trade theory and geographic economic integration
  • Goals, instruments and impact of modern international trade policy in industrial and emerging economies
  • International trade agreements and organisations
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.

Module WS 2014/2015

  • Management and completion of a scientific project
  • Moderation
  • Brush-up Project Management

  • Fundamental Econometrics
  • Introduction to Time Series Analysis
  • Introduction to Panel Data Analysis
  • Introduction to Typical Econometrics and Database Software

  • Fundamentals of Modern Standard Capital Market Theory
  • Market Anomalies
  • Information Processing in Real Capital Markets
  • Statistical Characteristics of Share and Index Returns
  • The Event Study Method
  • Review of relevant economic concepts focussing on financial topics
  • Statistics
  • Microeconomics
  • Macroeconomics
  • Investments
  • Discussion of Case Studies
  • Dimensions of Corporate Governance
  • Practice of Right of Control by Various Actors
  • Conflict of Interest
  • Financial Remuneration for Managers
  • Role and Responsibility of Institutions (Accounting, State)
  • Corporate Governance in Financial Services Undertakings
  • Empirical Investigations of Corporate Governance
  • Ethical Requirements in Investment Management
  • Professional Standards in Investment Management, e.g. in Connection with Non-Public Information, Obligations to Customers and Employers, Dealing with Conflict of Interest
Extracurriculare activities comprise of various activities that are not strictly linked to the curriculum and further support students in their studying. Please note that parts of the module require obligatory participation.
  • Financial Decision Theory
  • Capital Market Models and Evaluation on Complete Markets
  • Portfolio Management
  • Critique of the Expected Utility Theory
  • Prospect Theory
  • Kinds and Consequences of Heuristic Distortion
  • Framing
  • Momentum und Contrarian Strategies
  • Technical Analysis
  • Profitability Analysis
  • Planning and Monitoring of Target Figures in Profitability Management
  • Introduction to Risk Management
  • Change in Interest Rates Risk Management
  • Credit Risk Management
  • Application of Strategy Concepts
  • Simulation of Banking Business
  • Dealing with Changing Framework Conditions
  • Recognising problems and analysing various topics in the area of financial services
  • Handling ambitious practical problems in financial services like consulting projects and real portfolio management
  • Developing customer-specific solutions
  • Communicating with project client
  • Presenting the final project report
  • Working in a team in a project-oriented manner
  • Mastering a portfolio under the supervision of a portfolio manager
  • Working up all relevant information and data for portfolio management
  • Structuring the strategic and tactical asset allocation
  • Deciding on security selection
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.
  • National, International and European Company Law in the Private Banking industry
  • National, International and European Taxation of Asset Structures and of Financial
  • Instruments in the Private Banking industry
  • Critical Observation of Competitors
  • Strategic Concepts and their Application
  • Dealing with Bank-Specific Controlling Instruments and Information Media
  • Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest
  • Methods, Capital Resources Requirement and Differing Economic Scenarios
  • Definition and forms of sustainable investments
  • Legal framework of sustainable investments - advantages/disadvantages
  • Sustainable market and performance overview with trends and outlook
  • Introduction to the worlds of real estate and property development, investment, finance, marketing and management
  • Familiarity with the conceptual frameworks, practical tools and language
  • Definition of real estate is an important asset
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Strategic, Dynamic and Tactical Asset Allocation
  • Active Portfolio Management
  • Asset Allocation, Investment Horizon and Risk Measurement
  • Performance Measurement and Output Evaluation
  • Discussion of the Methods of Individual Selected Journal Contributions
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Selected Annually Changing Theoretical Questions on Wealth Management
  • Role of Term Structure in Asset Allocation
  • Relationship between the Real Economy and Financial Markets
  • Currency Regimes and International Diversification Exchange Rate Risks in Asset Management Protection Management
  • Resampling to address parameter uncertainty and time-horizon effects in portfolio management
  • Planning and sequential decision making under uncertainty and Merton Framework
  • Scenario representation and scenario optimization modelling in GAMS

Module SS 2014

  • Function of Financial Markets
  • Regulation of the Financial System
  • Monetary Policy
  • Banking Regulation
  • Going Public, IPO`s
  • Underpricing and Underperformance
  • Merger and Acquisitions Process
  • Merger Motives
  • Defence Measures
  • The Role of Investment Funds in Investment Banking
  • Hedge Funds and Private Equity Funds
  • Review of relevant economic concepts and topics
  • International Monetary Trade
  • Portfolio and Asset Management
  • Banking
  • Discussion of Case Studies
  • Instruments on the Futures Market: Forwards, Futures, Options and Swaps
  • Significance of Yield Curve
  • Evaluation of Forwards, Futures and Swaps
  • Characteristics of Option Prices
  • Evaluation of Options According to Black/Scholes and Binomial Model
  • Derivative Elements in Structured Products
  • Greeks and Volatility Smiles
  • Exotic Options
  • Selected Aspects of Risk Management (e.g. Value at Risk, Backtesting, Stress Testing)
  • Hedging Strategies
  • Financial Engineering of Various Finance Instruments
  • Operational Risks
Extracurriculare Activities comprise of various activities that are not linked to the Curriculum of the MSc in Banking and Financial Management, which are optional and further support the studying of the Master programme.
  • Global Financial Environment
  • International Parity Conditions and Exchange Rates
  • The Foreign Exchange Market and Derivatives
  • Foreign Exchange Exposure
  • Financing and Investing in the Global Firm
  • Working Capital Management
  • Investment and Financing Decisions in Entrepreneurial Settings
  • Deal Structuring
  • Evaluation Instruments for Entrepreneurial Ventures
  • Harvesting Strategies
  • Discussion of the Methods of Individually Selected Journal Articles
Theories of International Trade and International Finance aim at explaining underlying dynamics of economic and social developments in a global context. They also allow to investigate relations between market and industry structures and flows in goods, services and financial flows. Furthermore they serve in designing and evaluating the impact of macro-economic policies, currency fluctuations and trading regimes on economies, business strategy and operations.

The module aims at examining how national policies can, in theory, shape international trade and finance, and constrain the climate for international business. It extends this analysis to the international system discussing the role of international arrangements and institutions, e.g. the WTO, on international trade and investment.

Using a series of country-based case studies, students will have the opportunity to investigate how firms feel and master the impact of government policy and institutional set-ups in a specific nation state or economic region, for example China, India, the Arab World and South-America.

Contents of the module are:
  • Sources of international comparative advantages (differences in natural resources, technology and factor endowment)
  • Principles of strategic trade theory and geographic economic integration
  • Goals, instruments and impact of modern international trade policy in industrial and emerging economies
  • International trade agreements and organisations
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.

Module WS 2013/2014

  • Management and completion of a scientific project
  • Moderation
  • Brush-up Project Management

  • Fundamental Econometrics
  • Introduction to Time Series Analysis
  • Introduction to Panel Data Analysis
  • Introduction to Typical Econometrics and Database Software

  • Fundamentals of Modern Standard Capital Market Theory
  • Market Anomalies
  • Information Processing in Real Capital Markets
  • Statistical Characteristics of Share and Index Returns
  • The Event Study Method
  • Review of relevant economic concepts focussing on financial topics
  • Statistics
  • Microeconomics
  • Macroeconomics
  • Investments
  • Discussion of Case Studies
  • Dimensions of Corporate Governance
  • Practice of Right of Control by Various Actors
  • Conflict of Interest
  • Financial Remuneration for Managers
  • Role and Responsibility of Institutions (Accounting, State)
  • Corporate Governance in Financial Services Undertakings
  • Empirical Investigations of Corporate Governance
  • Ethical Requirements in Investment Management
  • Professional Standards in Investment Management, e.g. in Connection with Non-Public Information, Obligations to Customers and Employers, Dealing with Conflict of Interest
Extracurriculare activities comprise of various activities that are not strictly linked to the curriculum and further support students in their studying. Please note that parts of the module require obligatory participation.
  • Financial Decision Theory
  • Capital Market Models and Evaluation on Complete Markets
  • Portfolio Management
  • Critique of the Expected Utility Theory
  • Prospect Theory
  • Kinds and Consequences of Heuristic Distortion
  • Framing
  • Momentum und Contrarian Strategies
  • Technical Analysis
International Accounting
> Basics of tax accounting
> Deferred Taxes: Deferred tax liabilities and deferred tax assets
> Tax accounting process
> Effective tax rate and tax reconciliation

The Economics of Taxation
> Theory of Optimal Taxation
> Taxation and Saving Decisions
> Taxation and Investment Decisions
> Taxes and Capital Structure
  • Profitability Analysis
  • Planning and Monitoring of Target Figures in Profitability Management
  • Introduction to Risk Management
  • Change in Interest Rates Risk Management
  • Credit Risk Management
  • Application of Strategy Concepts
  • Simulation of Banking Business
  • Dealing with Changing Framework Conditions
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.
  • Recognising problems and analysing various topics in the area of financial services
  • Handling ambitious practical problems in financial services like consulting projects and real portfolio management
  • Developing customer-specific solutions
  • Communicating with project client
  • Presenting the final project report
  • Working in a team in a project-oriented manner
  • Mastering a portfolio under the supervision of a portfolio manager
  • Working up all relevant information and data for portfolio management
  • Structuring the strategic and tactical asset allocation
  • Deciding on security selection
  • National, International and European Company Law in the Private Banking industry
  • National, International and European Taxation of Asset Structures and of Financial
  • Instruments in the Private Banking industry
  • Critical Observation of Competitors
  • Strategic Concepts and their Application
  • Dealing with Bank-Specific Controlling Instruments and Information Media
  • Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest
  • Methods, Capital Resources Requirement and Differing Economic Scenarios
  • Definition and forms of sustainable investments
  • Legal framework of sustainable investments - advantages/disadvantages
  • Sustainable market and performance overview with trends and outlook
  • Introduction to the worlds of real estate and property development, investment, finance, marketing and management
  • Familiarity with the conceptual frameworks, practical tools and language
  • Definition of real estate is an important asset
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Strategic, Dynamic and Tactical Asset Allocation
  • Active Portfolio Management
  • Asset Allocation, Investment Horizon and Risk Measurement
  • Performance Measurement and Output Evaluation
  • Discussion of the Methods of Individual Selected Journal Contributions
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Selected Annually Changing Theoretical Questions on Wealth Management
  • Role of Term Structure in Asset Allocation
  • Relationship between the Real Economy and Financial Markets
  • Currency Regimes and International Diversification Exchange Rate Risks in Asset Management Protection Management
  • Resampling to address parameter uncertainty and time-horizon effects in portfolio management
  • Planning and sequential decision making under uncertainty and Merton Framework
  • Scenario representation and scenario optimization modelling in GAMS

Module SS 2013

  • International Market Environment
(Insights into International Marketing, Trade Organisations and Trade Policy, Intercultural Aspects, Economic Environment, Political and Legal Framework Conditions).
  • International Market Entry and Development of Markets
(Organisation, Implementation and Control, Market Research, Market Entry and Expansion).
  • Export Marketing Mix
(Product Adaptation, Pricing, Marketing Communication, Distribution Management).
  • Global Marketing Mix
(Global Product Management and Global Brand Development, Global Services, Global Logistics and Purchasing, Global Pricing, Global Communication Policy).
Markteintrittsstrategien
  • Spezifika des Entrepreneurial Marketings.
  • Innovationsideen und ihre marktorientierte Bewertung.
  • Marketing unter Ressourcenknappheit.

Projekt Marketingplan
  • Wesen und Bedeutung eines Marketingplans.
  • Prozess der Marketingplanung.
  • Informationsgrundlagen der Marketingplanung.
  • Marketingstrategieplanung und Geschäftsmodell.
  • Planung der Marketinginstrumente.
  • Implementierung und Kontrolle.
  • Besonderheiten der finanziellen Führung in Familienunternehmen.
  • Investitionen, Finanzierungen, Ausschüttungen in Familienunternehmen.
  • Darstellung der finanziellen Performance eines Familienunternehmens im Innen- und Aussenverhältnis.
  • Chancen und Risiken von Familienkapital.
  • Facetten der Finanzierungsstruktur, Verschuldungspolitik in Familienunternehmen.
  • Investitionsmanagement (Investitionsplanung, Investitionsrechnungsverfahren, Risikoanalyse, Nutzwertanalyse) in Familienunternehmen.
  • Methoden des Risikomanagements in Familienunternehmen.
  • Währungsrisikomanagement in Familienunternehmen.

  • Kennzahlen und Kennzahlensysteme.
  • Performance Measurement und Reporting - Stakeholder orientiert.
  • Management Informationssysteme (Management Reports) - innerbetrieblich orientiert.
  • Basel II, Ratings und der Einfluss auf die Kapitalbereitstellung.

  • Forschungsprozess und Methoden der Sozialforschung im Überblick.
  • Abgrenzung und Definition einer Forschungsfrage über die Führung von Familienunternehmen.
  • Forschungsrelevante Literatur zur Beantwortung der Forschungsfrage.
  • Theorien, Modelle und Thesen eines Forschungsgebietes.
  • Forschungsdesign zur Operationalisierung der Forschungsfrage.
Theories of International Trade and International Finance aim at explaining underlying dynamics of economic and social developments in a global context. They also allow to investigate relations between market and industry structures and flows in goods, services and financial flows. Furthermore they serve in designing and evaluating the impact of macro-economic policies, currency fluctuations and trading regimes on economies, business strategy and operations.

The module aims at examining how national policies can, in theory, shape international trade and finance, and constrain the climate for international business. It extends this analysis to the international system discussing the role of international arrangements and institutions, e.g. the WTO, on international trade and investment.

Using a series of country-based case studies, students will have the opportunity to investigate how firms feel and master the impact of government policy and institutional set-ups in a specific nation state or economic region, for example China, India, the Arab World and South-America.

Contents of the module are:
  • Sources of international comparative advantages (differences in natural resources, technology and factor endowment)
  • Principles of strategic trade theory and geographic economic integration
  • Goals, instruments and impact of modern international trade policy in industrial and emerging economies
  • International trade agreements and organisations
This course examines the key elements of the international entrepreneurial venture. The learning perspective will be that of the global entrepreneur – one whose business is “born global,” and who may capitalise upon resources from anywhere in the world, while facing global competition and other uncertainties at any time. Specific topics the course will cover include:
  • motivations to go global,
  • traits of international entrepreneurs,
  • business opportunity identification and assessment,
  • opportunities and barriers to international trade,
  • cultures and international entrepreneurship,
  • strategic alliances,
  • global marketing and R&D,
  • developing the global business plan and managing global expansion,
  • foreign market selection models
Im Rahmen des Moduls Master Lab sollen die Studierenden während der Dauer eines ganzen Semesters ein reales Entrepreneurship-Projekt aus der Wirtschaft bearbeiten. Im Fokus steht dabei nicht nur die Lösung eines Problems bzw. Erfüllung eines Auftrags, sondern das systematische Reflektieren der Erfahrungen, des Gelernten.

Innerhalb der Lehrveranstaltung Action Learning werden die Studierenden mit dieser Art des Lernens vertraut gemacht und sie haben anschliessend die Gelegenheit, innerhalb eines Projekt-Marktplatz ein für sie geeignetes Projekt auszuwählen.

Folgende Arten von Projekten sind möglich:

  • Unternehmerische Projekte aus der Wirtschaft (z.B. Entwicklung und Umsetzung einer Marketingstrategie für ein Familienunternehmen).

  • Planung und Umsetzung einer Unternehmensnachfolge.

  • Forschungsorientierte Entrepreneurship-Projekte aus dem Institut für Entrepreneurship (für Studierende mit der Aussicht auf ein Doktoratsstudium).
Das Modul Masterthesis setzt sich zusammen aus (SPO Art. 44):
a) der Masterthesis,
b) dem Kolloquium zur Masterthesis und
c) der Präsentation und Verteidigung der Masterthesis.
  • Zusammenhang zwischen Wachstum und Finanzierungsbedarf.
  • Investitions- und Finanzierungsentscheidungen im Unternehmen.
  • Finanzierungsquellen für Unternehmen in der Wachstumsphase.
  • Lösungsansätzen für Probleme aufgrund von Informationsasymmetrien zwischen Kapitalgebern und Unternehmern.
  • Optimale Kapitalstruktur.

  • Grundlagen der nationalen und der internationalen Besteuerung von Unternehmen in Liechtenstein, Deutschland, Österreich und der Schweiz.
  • Einfluss der Europäischen Integration auf die internationale Besteuerung von Unternehmen.
  • Unterschiede in der internationalen Steuerbelastung von Unternehmen.
  • Besteuerung der Umstrukturierung eines Unternehmens.
  • Besteuerung der Internationalisierung eines Unternehmens.

  • Sachgerechtes Verhandeln.
  • Neutrale Beurteilungskriterien.
  • Optionen zum beiderseitigen Vorteil.
  • Beste Alternative.
  • Verhandlungstaktiken.
  • Die Rolle der Macht beim Verhandeln.
  • Kreditfinanzierung aus Perspektive des Unternehmens und des Firmenkundenberaters.
  • Finanzanalyse als Grundlage der Kreditfinanzierung.
  • Verschuldungspolitik als Werttreiber.
  • IPO - Chancen und Risiken für KMUs.
  • OTC-Handel, Book-Building, Zeichnung und Zuteilung der Wertpapiere.
  • Mezzanine Finanzierung.

  • Grundlagen der nationalen und der internationalen Besteuerung von Unternehmen in Liechtenstein, Deutschland, Österreich und der Schweiz.
  • Einfluss der Europäischen Integration auf die internationale Besteuerung von Unternehmen.
  • Unterschiede in der internationalen Steuerbelastung von Unternehmen.
  • Besteuerung der Umstrukturierung eines Unternehmens, insbesondere der Rechtsformwahl, Akquisition, Zusammenschluss und Entflechtung.
  • Besteuerung der Internationalisierung eines Unternehmens im speziellen Niederlassungen und Tochtergesellschaften.
  • Wachstum in der Unternehmensentwicklung.
  • Wachstumsstrategien junger Unternehmen.
  • Rolle der Lead Users im Innovationsprozess.
  • Franchising als Expansionsstrategie.
  • Aktueller Forschungsstand über das Wachstum junger Unternehmen.

  • Integration von Prozessen und funktionalen Kompetenzen in der Wertschöpfungskette.
  • Fit zwischen strategischer und operativer Führung.
  • Unternehmerteams in der Unternehmensentwicklung.
  • Finanzwirtschaftliche Steuerungskonzepte.
  • Investitionen, Finanzierungen, Ausschüttungen.
  • Finanzierungsstruktur und Verschuldungspolitik
  • Investitionsmanagement.
  • Währungs- und Risikomanagement.

  • Kennzahlen und Kennzahlensysteme.
  • Stakeholderorientiertes Performance Measurement und Reporting.
  • Interne Management Informationssysteme (Management Reports).
  • Basel II, Ratings und der Einfluss auf die Kapitalbereitstellung.

  • Abgrenzung und Definition einer Forschungsfrage zum Themenbereich finanzielle Führung.
  • Aufstellen eines Forschungsdesigns zur Operationalisierung der Forschungsfrage.
  • Forschungsrelevante Literatur zur Beantwortung der Forschungsfrage aufarbeiten.

Module WS 2012/2013

  • Management and completion of a scientific project
  • Moderation
  • Brush-up Project Management

  • Fundamental Econometrics
  • Introduction to Time Series Analysis
  • Introduction to Panel Data Analysis
  • Introduction to Typical Econometrics and Database Software

  • Fundamentals of Modern Standard Capital Market Theory
  • Market Anomalies
  • Information Processing in Real Capital Markets
  • Statistical Characteristics of Share and Index Returns
  • The Event Study Method
  • Review of relevant economic concepts focussing on financial topics
  • Statistics
  • Microeconomics
  • Macroeconomics
  • Investments
  • Discussion of Case Studies
  • Dimensions of Corporate Governance
  • Practice of Right of Control by Various Actors
  • Conflict of Interest
  • Financial Remuneration for Managers
  • Role and Responsibility of Institutions (Accounting, State)
  • Corporate Governance in Financial Services Undertakings
  • Empirical Investigations of Corporate Governance
  • Ethical Requirements in Investment Management
  • Professional Standards in Investment Management, e.g. in Connection with Non-Public Information, Obligations to Customers and Employers, Dealing with Conflict of Interest
Extracurriculare activities comprise of various activities that are not strictly linked to the curriculum and further support students in their studying. Please note that parts of the module require obligatory participation.
  • Financial Decision Theory
  • Capital Market Models and Evaluation on Complete Markets
  • Portfolio Management
  • Critique of the Expected Utility Theory
  • Prospect Theory
  • Kinds and Consequences of Heuristic Distortion
  • Framing
  • Momentum und Contrarian Strategies
  • Technical Analysis
International Accounting
> Basics of tax accounting
> Deferred Taxes: Deferred tax liabilities and deferred tax assets
> Tax accounting process
> Effective tax rate and tax reconciliation

The Economics of Taxation
> Theory of Optimal Taxation
> Taxation and Saving Decisions
> Taxation and Investment Decisions
> Taxes and Capital Structure
  • Profitability Analysis
  • Planning and Monitoring of Target Figures in Profitability Management
  • Introduction to Risk Management
  • Change in Interest Rates Risk Management
  • Credit Risk Management
  • Application of Strategy Concepts
  • Simulation of Banking Business
  • Dealing with Changing Framework Conditions
  • Identification of a research problem and development of a research question
  • Thematically formulating a problem and developing a solution through application of scientific methods
  • Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
  • Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
  • Mid-term report about the current stage of the progress during the Colloquium.
  • Completion of presentation documentation on a research problem within their specialised area.
  • Defense of the elaborated research topic and in-depth discussion with the examination board.
  • Recognising problems and analysing various topics in the area of financial services
  • Handling ambitious practical problems in financial services like consulting projects and real portfolio management
  • Developing customer-specific solutions
  • Communicating with project client
  • Presenting the final project report
  • Working in a team in a project-oriented manner
  • Mastering a portfolio under the supervision of a portfolio manager
  • Working up all relevant information and data for portfolio management
  • Structuring the strategic and tactical asset allocation
  • Deciding on security selection
  • National, International and European Company Law in the Private Banking industry
  • National, International and European Taxation of Asset Structures and of Financial
  • Instruments in the Private Banking industry
  • Critical Observation of Competitors
  • Strategic Concepts and their Application
  • Dealing with Bank-Specific Controlling Instruments and Information Media
  • Result Effect of Risks, Structuring of Conditions, Balance Sheet Structure, Market Interest
  • Methods, Capital Resources Requirement and Differing Economic Scenarios
  • Definition and forms of sustainable investments
  • Legal framework of sustainable investments - advantages/disadvantages
  • Sustainable market and performance overview with trends and outlook
  • Introduction to the worlds of real estate and property development, investment, finance, marketing and management
  • Familiarity with the conceptual frameworks, practical tools and language
  • Definition of real estate is an important asset
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Strategic, Dynamic and Tactical Asset Allocation
  • Active Portfolio Management
  • Asset Allocation, Investment Horizon and Risk Measurement
  • Performance Measurement and Output Evaluation
  • Discussion of the Methods of Individual Selected Journal Contributions
  • Introduction to Life Insurance, Occupational Pensions and Pension Funds
  • The Role of Life Insurance in Estate Planning
  • Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
  • Selected Annually Changing Theoretical Questions on Wealth Management
  • Role of Term Structure in Asset Allocation
  • Relationship between the Real Economy and Financial Markets
  • Currency Regimes and International Diversification Exchange Rate Risks in Asset Management Protection Management
  • Resampling to address parameter uncertainty and time-horizon effects in portfolio management
  • Planning and sequential decision making under uncertainty and Merton Framework
  • Scenario representation and scenario optimization modelling in GAMS