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Corporate Finance

and Investment
Seminar 5 & 6
Dr. Martin T. Holi
Jacobs University 2019
Corporate Finance
Financial Landscape

Financial Organisations

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Investors
Organisations

1. Financial Markets & Stock Exchange


2. Banks: Public and Private
3. Asset Managers and Investment Funds
4. Financial Services and Advisors
5. Associations
6. Regulatory Organisations

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Organisations
1. Capital Markets

https://courses.corporatefinanceinstitute.com/courses/introduction-to-corporate-finance

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Corporate Finance
1. Stock Exchange - Largest

1. New York Stock Exchange (> 2.400)


2. NASDAQ (> 3.400 listings)
3. Japan Exchange Group
4. Shanghai Stock Exchange
5. Hong Kong Stock Exchange
6. Euronext
7. London Stock Exchange
12. Deutsche Börse
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Stock Exchanges
Public listed companies

London Stock Exchange:


1.161 with 935 from the UK (Jan 2019)
2.261 all companies
Frankfurt:
309 (Prime Standard)
145 (General Standard)
https://www.londonstockexchange.com/home/homepage.htmhttps://www.londonstockexchange.com/statistics/companies-and-
issuers/companies-and-issuers.htm
http://deutsche-boerse.com/dbg-de/investor-relations/statistiken

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Banks
Characteristics

• Financial institution
• Banking activities
• Financial intermediary
• Regulated institution
• Access to capital markets
• Banking: personal, private, corporate, investment

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Banks
Bank Activities (examples)

1. Offering accounts
2. Depositing money
3. Lending money (credits)
4. Transferring money
5. Exchanging money
6. Trading

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Banks
Largest

1. Industrial and Commercial Bank of China


2. China Construction Bank Corporation
3. Agricultural Bank of China
4. Bank of China
5. Mitsubishi UFJ Financial Group
6. JPMorgan Chase & Co.
7. HSBC Holdings PLC
15.Deutsche Bank
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Associations
Examples – German associations

• Bundesverband deutscher Banken


• Bankenfachverband
• Verband deutscher Pfandbriefbanken
• Deutscher Sparkassen- und Giroverband
• …

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Investment Fund
Characteristics

• legal structure
• raising and investing capital
• joint and group investments
• (active) management
• economic advantages
• investment focus
• types: sovereign, hedge, …
• ….
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Organisations
Basic Investment Fund

http://www.iflr.com/Article/2027251/Tax-considerations-in-structuring-US-based-private-equity-funds.html

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Organisations
Parallel Investment Fund

http://www.iflr.com/Article/2027251/Tax-considerations-in-structuring-US-based-private-equity-funds.html

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Organisations
Parallel and Co-Investment Fund

http://www.iflr.com/Article/2027251/Tax-considerations-in-structuring-US-based-private-equity-funds.html

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Regulatory Organisations
Examples

• European Central Bank


• European Banking Authority
• European Systemic Risk Board
• European Securities and Markets Authority
• Bundesaufsichtsamt für den Wertpapierhandel
• Bundesaufsichtsamt für das Kreditwesen
• …

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