Module WS 2021/2022

  • Cost of capital and capital budgeting
  • Discounted cash flow valuation and financial multiples
  • Payout policy
  • Equity and debt financing
  • Applications of option pricing theory
  • Corporate control and recapitalizations
  • Enterprise Risk Management
  • Role and Responsibility of Owners
  • Practice of Right of Control for Various Actors
  • Board structures and diversity
  • Theory, Principles, and World-Views
  • The Ethical Leader: Self-Mastery and Ethics, Mind-Sets
  • Corporate Ethics: Shared Values, Professionalism (as part of Standards of Professional Conduct)
This year again, CFA Society Switzerland will be hosting the CFA Institute Research Challenge in Switzerland which is the local competition within the global CFA Institute Research Challenge. We also welcome all other universities and especially universities of applied sciences in Switzerland and Liechtenstein to join the Challenge this year.

The Challenge is an annual competition between teams of students in preparing an investment case consisting of a detailed research report and a presentation of a listed Swiss company. For the coming competition Straumann has been selected. The Swiss company is headquartered in Basel and listed at the Swiss Stock exchange since 1998. Straumann is a global leader in implant, restorative and regenerative dentistry which offers products and services to dentists and dental laboratories in more than 70 countries world-wide.

The students will be supported by industry mentors and will have to present their final results in front of a panel of senior investment professionals. The Challenge provides students with a unique opportunity to gain first-hand experience in the investment world and to interact intensively with investment professionals and CFA charterholders.
Paper-based preparation of topics, strategy implementation and testing, presentation and discussion
  • Investment Strategies by Asset Class: Equity, Fixed Income, Derivatives Strategies
  • Investment Strategies for Different Economic Environments
  • Asset Management Practice
  • Modelling the Human Life Cycle
  • Models of Human Mortality
  • Valuation Models of Deterministic Interest
  • Models of Risky Financial Investments
  • Models of Pension Life Annuities
  • Models of Life Insurance
  • Models of DB vs. DC Pensions
  • Sustainable Spending at Retirement
  • The Liechtenstein Pension System
  • Developing research questions and hypothesis
  • Designing qualitative and quantitative research
  • Writing and communicating research proposals
  • Students will study the concepts of regression and classification problems (supervised learning) as well as principal components and clustering (unsupervised learning).
  • In parallel, they will learn how to work with financial data with all its pitfalls, cover univariate and multivariate time series models of the mean and volatility and correlations, as well as model long-run relationships.
  • General improvement of the English language skillsReading techniquesFormulation of research questionsBuilding up an argumentWriting convincing textsNegotiation skillsEffective communication in presentationsRelationship Building and Networking
  • Theory, Principles, and World-Views on Ethics
  • The Ethical Leader: Self-Mastery and Ethics, Mind-Sets
  • Corporate Ethics: Shared Values, Professionalism (as part of Standards of Professional Conduct)
  • Introduction to financial marketsInterest rates and bond pricesThe structure of interest ratesMarket efficiencyMonetary policyMoney marketsBond marketsMortgage marketsDerivative markets
  • Global Financial Environment
  • International Parity Conditions
  • Foreign Exchange Rate Determination and Forecasting
  • The Foreign Exchange Market and the Use of Foreign Currency Derivatives
  • Foreign Exchange Exposure
  • Financing the Global Firm
  • Foreign Investment Decisions
  • International Trade Finance
  • Working Capital Management
  • Overview and introduction to different forms of qualitative methods in finance
  • Key concepts of experimental research approaches
  • Experimental methods to test market and trader behavior
  • Current topics in Basic principles for writing academic textsInternational EconomicsDevelopments in Banking and FinanceInnovation FinanceSustainable Finance