Module WS 2015/2016
- Corporate governance, ethics and leadership (Module)
- 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
- Leadership and Negotiation Skills (Lecture) Aschari
- Ethics and professional standards (Lecture) Aschari
- Extracurriculare activities (Module)
- 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.
- Job Fair (Miscellaneous)
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Kaiser, Reichenecker
- Optional CFA practice (Miscellaneous) Kaiser
- Preparatory Thesis Workshop (Miscellaneous) Menichetti, Reichenecker
- MasterLAB (Module)
- 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
- MasterPROJECT 2: Loviit AG (Lecture) Reichenecker
- Master's thesis (Module/Examination)
- 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.
- Research project thesis (Thesis) Menichetti
- Colloquium (Thesis) Menichetti, Reichenecker, Hanke, Kaiser, Angerer, Stöckl, Peter
- Presentation and Defence (Thesis) Kaiser, Menichetti
- Private banking (Module)
- 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
- Special topics in Wealth management (Module)
- 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
- Private insurance (Lecture) Hetzer
- Responsible property development (Lecture) Winker, Menichetti
- Sustainable investments (Lecture) Menichetti, Schiereck, Jochum
- Wealth management (Module)
Modules SS 2015
- Capital markets and investment banking (Module)
- 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
- Investment banking (Lecture) Kammlott
- Case studies in banking (Module)
- Review of relevant economic concepts and topics
- International Monetary Trade
- Portfolio and Asset Management
- Banking
- Discussion of Case Studies
- Case discussion in banking (Lecture) Stover
- Selected topics in banking (Lecture) Aubert
- Derivatives, financial engineering and risk (Module)
- 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 (Module)
- 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.
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Reichenecker, Kaiser
- Optional CFA practice (Miscellaneous) Reichenecker
- Preparatory Thesis Workshop (Miscellaneous) Hanke, Angerer, Menichetti, Stöckl, Kaiser, Reichenecker
- Team day (Miscellaneous) Menichetti, Kaiser, Reichenecker
- International corporate finance (Module)
- 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
- Seminar in finance (Lecture) Stöckl, Angerer, Hanke, Menichetti, Hummel
- International economics and politics (Module)
- 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
- Educational Journey BFM (Excursion) Reichenecker, Menichetti
- Challenges in china (Lecture) Englert
- Master's thesis (Module/Examination)
- 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.
- Colloquium (Thesis) Menichetti, Reichenecker, Kaiser, Hanke, Angerer, Stöckl
- Presentation and defence (Thesis) Menichetti, Hanke
- Research project thesis (Thesis) Menichetti
Modules WS 2014/2015
- Advanced research methods in finance (Module)
- 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
- Econometrics and time series analysis (Lecture) Kukuk
- Empirical finance (Lecture) Peter, Stöckl
- Workshop in finance (Lecture) Stöckl, Menichetti
- Case studies in finance (Module)
- Review of relevant economic concepts focussing on financial topics
- Statistics
- Microeconomics
- Macroeconomics
- Investments
- Discussion of Case Studies
- Selected topics in finance (Lecture) Blankenburg, Epple, Teichgreeber
- Case discussion in finance (Lecture) Bartholdy
- Corporate governance, ethics and leadership (Module)
- 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
- Leadership and Negotiation Skills (Lecture) Aschari
- Ethics and professional standards (Lecture) Aschari
- Extracurriculare activities (Module)
- 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.
- After-Work Lecture: Project Finance – Risk Profile and Structuring Techniques of a Major Infrastructure Development Tool (Lecture) Kaiser
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Kaiser, Reichenecker
- Optional CFA practice (Miscellaneous) Kaiser
- Pre-course Finance (Miscellaneous) Kaiser
- Pre-course Mathe/Statistik (Miscellaneous) Reichenecker
- Preparatory Thesis Workshop (Miscellaneous) Hanke, Angerer, Menichetti, Stöckl, Kaiser, Reichenecker
- Team day (Miscellaneous) Menichetti, Reichenecker, Kaiser, Tschann, Tschann
- Financial theory (Module)
- 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
- Asset pricing and asset management (Lecture) Bank
- Management in banking (Module)
- 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
- Profit and risk management (Lecture) Bank
- MasterLAB (Module)
- 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
- MasterPROJECT 1 (Lecture) Menichetti
- MasterPROJECT 2 (Lecture) Reichenecker
- MasterPROJECT 3 (Lecture) Kaiser
- MasterPROJECT 4 (Lecture) Menichetti
- Master's thesis (Module/Examination)
- 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.
- Research project thesis (Thesis) Menichetti
- Presentation and Defence (Thesis) Hanke, Menichetti
- Colloquium (Thesis) Menichetti, Reichenecker, Hanke, Kaiser, Angerer, Stöckl, Peter
- Private banking (Module)
- 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
- Special topics in Wealth management (Module)
- 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
- Private insurance (Lecture) Hetzer
- Sustainable investments (Lecture) Menichetti, Schiereck, Oehri
- Responsible property development (Lecture) Winker, Menichetti
- Wealth management (Module)
- 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
- Seminar in wealth management (Lecture) Menichetti, Hanke, Stöckl, Angerer, Reichenecker
Modules SS 2014
- Capital markets and investment banking (Module)
- 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
- Capital markets, institutions and regulation (Lecture) Zetzsche, Vigano, Hooghiemstra, Marte, Preiner
- Investment banking (Lecture) Kammlott, Froneberg
- Case studies in banking (Module)
- Review of relevant economic concepts and topics
- International Monetary Trade
- Portfolio and Asset Management
- Banking
- Discussion of Case Studies
- Case discussion in banking (Lecture) Stover
- Selected topics in banking (Lecture) Aubert
- Derivatives, financial engineering and risk (Module)
- 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 (Module)
- 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.
- After-Work Lecture: Performance-based Fees in Asset Management: Some Critical Observations (Lecture) Peter
- Preparatory Thesis Workshop (Miscellaneous) Hanke, Angerer, Menichetti, Peter, Kaiser, Reichenecker, Ebli-McKenna
- Educational journey (Lecture)
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Reichenecker
- Optional CFA practice (Miscellaneous) Reichenecker
- Team day (Miscellaneous) Menichetti, Kaiser
- International corporate finance (Module)
- 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
- Entrepreneurial finance (Lecture) Vaschauner
- International business finance (Lecture) Menichetti, Kaiser
- Seminar in finance (Lecture) Reichenecker, Menichetti, Hummel
- International economics and politics (Module)
- 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
- Challenges in china (Lecture) Englert
- Master thesis (Module/Examination)
- 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.
- Colloquium (Thesis) Menichetti, Reichenecker, Kaiser, Hanke, Peter, Angerer, Stöckl
- Presentation and defence (Thesis) Hanke
- Research project thesis (Thesis) Menichetti
Modules WS 2013/2014
- Advanced research methods in finance (Module)
- 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
- Econometrics and time series analysis (Lecture) Kukuk
- Empirical finance (Lecture) Peter, Stöckl
- Workshop in finance (Lecture) Peter, Menichetti
- Case studies in finance (Module)
- Review of relevant economic concepts focussing on financial topics
- Statistics
- Microeconomics
- Macroeconomics
- Investments
- Discussion of Case Studies
- Case discussion in finance (Lecture) Bartholdy
- Selected topics in finance (Lecture) Blankenburg, Epple, Teichgreeber
- Corporate governance, ethics and leadership (Module)
- 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
- Leadership and Negotiation Skills (Lecture) Aschari, Sarkans
- Ethics and professional standards (Lecture) Aubert
- Extracurriculare activities (Module)
- 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.
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Veress, Kaiser
- Preparatory Thesis Workshop (Miscellaneous) Hanke, Angerer, Menichetti, Peter, Kaiser, Reichenecker, Ebli-McKenna
- Team day (Miscellaneous) Menichetti, Veress, Ebli-McKenna
- Pre-course Finance (Miscellaneous) Kaiser
- After-Work Lecture: Insurance-Linked Investments - A Careful Look at the True Investment Case (Lecture) Peter
- After-Work Lecture: Classical and Alternative Risk Premia: Back to the Roots of Investment Returns (Lecture) Menichetti
- Optional CFA practice (Miscellaneous) Veress, Kaiser
- Financial theory (Module)
- 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
- Asset pricing and asset management (Lecture) Bank
- International accounting and taxation (Module)
- 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- International accounting (Lecture) Zimmermann
- International taxation (Lecture) Kirn
- Management in banking (Module)
- 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
- Profit and risk management (Lecture) Bank
- Master thesis (Module/Examination)
- 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.
- Presentation and Defense (Thesis) Hanke
- Colloquium (Thesis) Menichetti, Peter, Hanke, Veress, Kaiser, Angerer, Stöckl
- Research project thesis (Thesis) Menichetti
- MasterLAB (Module)
- 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
- MasterPROJECT 5 (Lecture) Veress
- MasterPROJECT 4 (Lecture) Peter, Kaiser
- MasterPROJECT 3 (Lecture) Kaiser, Peter
- MasterPROJECT 2 (Lecture) Reichenecker
- MasterPROJECT 1 (Lecture) Stöckl
- MasterPROJECT 6 (Lecture) Menichetti
- Private banking (Module)
- 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
- Special topics in Wealth management (Module)
- 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
- Private insurance (Lecture) Hetzer
- Responsible property development (Lecture) Winker
- Sustainable investments (Lecture) Vögeli, Menichetti
- Wealth management (Module)
- 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
- Asset allocation and performance analysis (Lecture) Gantenbein, Rasmussen, Weissensteiner, Menichetti
- Seminar in wealth management (Lecture) Kaiser, Menichetti, Veress, Hanke, Stöckl, Peter, Angerer, Hummel
Modules SS 2013
- Capital markets and investment banking (Module/Examination)
- 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
- Capital markets, institutions and regulation (Lecture) Zetzsche, Vigano, Li, Preiner, Hooghiemstra, Grünewald
- Investment banking (Lecture) Kammlott, Weidner
- Case studies in banking (Module/Examination)
- Review of relevant economic concepts and topics
- International Monetary Trade
- Portfolio and Asset Management
- Banking
- Discussion of Case Studies
- Case discussion in banking (Lecture) Stover
- Selected topics in banking (Lecture) Aubert
- Derivatives, financial engineering and risk (Module/Examination)
- 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 (Module)
- 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.
- After-Work Lecture: Monetary Policy after the Financial Crisis - A World of Low Interest Rates (Lecture) Peter
- Educational journey (Lecture)
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Veress
- Optional CFA practice (Miscellaneous) Veress
- Team day (Miscellaneous) Menichetti, Veress
- International corporate finance (Module/Examination)
- 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
- International business finance (Lecture) Menichetti
- Seminar in finance (Lecture) Menichetti, Veress, Hanke, Kaiser, Peter, Stöckl, Angerer
- Entrepreneurial finance (Lecture) Ahmed
- International economics and politics (Module/Examination)
- 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
- Challenges in china (Lecture) Englert
- Master thesis (Module/Examination)
- 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.
- Colloquium (Thesis) Menichetti, Veress, Kaiser, Hanke, Peter, Angerer, Stöckl
- Presentation and defence (Thesis) Hanke
- Research project thesis (Thesis) Menichetti
Modules WS 2012/2013
- Advanced research methods in finance (Module/Examination)
- 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
- Econometrics and time series analysis (Lecture) Kukuk
- Empirical finance (Lecture) Peter
- Workshop in finance (Lecture) Veress
- Case studies in finance (Module/Examination)
- Review of relevant economic concepts focussing on financial topics
- Statistics
- Microeconomics
- Macroeconomics
- Investments
- Discussion of Case Studies
- Case discussion in finance (Lecture) Bartholdy
- Selected topics in finance (Lecture) Blankenburg, Epple, Teichgreeber
- Corporate governance, ethics and leadership (Module/Examination)
- 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
- Ethics and professional standards (Lecture) Aubert
- Leadership and Negotiation Skills (Lecture) Aschari, Sarkans
- Extracurriculare activities (Module)
- 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.
- Preparatory Thesis Workshop (Miscellaneous)
- Jour fixe banking and financial management (Miscellaneous) Menichetti, Veress
- Optional CFA practice (Miscellaneous) Veress
- Team day (Miscellaneous) Menichetti, Veress
- Pre-course Finance (Miscellaneous) Kaiser
- Financial theory (Module/Examination)
- 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
- Asset pricing and asset management (Lecture) Bank
- International accounting and taxation (Module/Examination)
- 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- International accounting (Lecture) Zimmermann
- International taxation (Lecture) Kirn
- Management in banking (Module/Examination)
- 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
- Profit and risk management (Lecture) Bank
- Master thesis (Module/Examination)
- 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.
- Colloquium (Thesis) Menichetti
- Presentation and defence (Thesis) Hanke
- Research project thesis (Thesis) Menichetti
- MasterLAB (Module/Examination)
- 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
- MasterPROJECT 6 (Lecture) Stöckl
- MasterPROJECT 5 (Lecture) Veress
- MasterPROJECT 1 (Lecture) Stöckl
- MasterPROJECT 2 (Lecture) Veress
- MasterPROJECT 3 (Lecture) Kaiser, Peter
- MasterPROJECT 4 (Lecture) Peter, Kaiser
- Private banking (Module/Examination)
- 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
- Special topics in Wealth management (Module/Examination)
- 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
- Private insurance (Lecture) Hetzer
- Sustainable investments (Lecture) Vögeli
- Responsible property development (Lecture) Winker
- Wealth management (Module/Examination)
- 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
- Seminar in wealth management (Lecture) Kaiser, Menichetti, Veress, Hanke, Stöckl, Peter, Angerer, Hummel