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Financial Markets and Corporate Finance - Module: Corporate Finance - Stream B

Oggetto:

Financial Markets and Corporate Finance - Module: Corporate Finance - Stream B

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Academic year 2022/2023

Course ID
MAN0513B
Teachers
Francesco Baldi (Lecturer)
Evita Allodi (Tutor)
Year
2nd year
Teaching period
Second term
Type
Distinctive
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/09 - finance
SECS-P/11 - financial markets and Institutions
Delivery
Formal authority
Language
English
Attendance
Obligatory
Type of examination
Written
Type of learning unit
modulo
Modular course
Financial Markets and Corporate Finance - Integrated course (MAN0513)
Prerequisites
The course assumes the student's knowledge of the fundamentals of business economics as well as basic quantitative tools of mathematical analysis, financial mathematics and statistics.
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Sommario del corso

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Course objectives

The course aims to provide students with the basic theoretical, technical and scientific background to work as a professional in the finance division of a company or in an investment bank. In this sense, the course will allow students to integrate the overall skills acquired in the three-year course of study through the understanding of the models of corporate finance, the ability to propose solutions to the financial problems of the company, the ability to apply methodologies, criteria and techniques developed in the discipline to real business situations that require the taking of decisions proper to finance. The course therefore completes the technical preparation of the bachelor's degree by providing knowledge of the fundamentals of corporate finance.

 

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Results of learning outcomes

Knowledge and ability to understand - the course aims to provide students with the technical and conceptual tools to understand: the functioning of the valuation of corporate investment decisions, the principles of corporate working capital management, the statistical tools for measuring the return and risk of shares, the fundamentals of the theory of portfolio choices, the functioning of the Capital Asset Pricing Model (CAPM), the theory of financial structure choices of companies and its direct implications, the principles for determining the cost of capital, the fundamentals for the valuation of companies.

 

Ability to apply knowledge and understanding - the course aims to make students able to apply tools, methodologies and models of corporate finance to real cases in which will be proposed by the instructor the resolution of business problems concerning: the valuation of investment projects; the choice among investment projects; the conversion of earnings into free cash flows; the calculation of the company's net working capital and its monetary cycle; the measurement of the return (historical and expected) and the risk (historical or expected) of a share or a portfolio of shares; the application of the Capital Asset Pricing Model (CAPM) to estimate the cost of equity of a firm; the application of the financial method for the valuation of companies.

 

Autonomy of judgment - students will be able to develop the critical mind necessary to: evaluate the validity of the fundamental financial decisions undertaken by companies and the consequences/implications of these decisions (problems, exercises and case studies inspired by company reality will be proposed); interpret the main phenomena of corporate finance; formulate original solutions to recurrent problems in corporate finance.

 

Communication skills - the attendance of the course will allow students to master the basic technical language and jargon of corporate finance and to present the "problem solving" typical of corporate finance in front of their peers and / or management of a company.

 

Ability to learn – the attendance of this course will enable students to contextualize the fundamentals and basic tools of corporate finance within the general framework of business economics and business strategy, learning to link concepts, methods and tools of these three strongly interrelated disciplines in the development of appropriate responses to problem solving that companies encounter in the ordinary course of their business activities.

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Program

- The role of corporate finance in the economy of the enterprise and the role of the financial manager.

- Evaluation of investment decisions (capital budgeting techniques)

- Management of the company's working capital

- The performance (return) and risk of shares and the statistical tools used to measure them.

- The theory of portfolio choices

- The Capital Asset Pricing Model (CAPM)

- The financial structure choices of companies

- The estimation of the cost of capital

- Introduction to company valuation

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Course delivery

Lectures of a total duration of 21 hours (3 CFU), held in the classroom with the aid of slides. There will also be exercises and application labs based on the use and learning of Microsoft Excel.

 

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Learning assessment methods

Written exam composed of 22 questions (exercises and theory) with multiple answers. The exam will take place in the computer room. Duration: 1 hour.

 

Suggested readings and bibliography



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Book
Title:  
Corporate Finance (Global Edition; 4th edition)
Year of publication:  
2016
Publisher:  
Pearson
Author:  
Jonathan Berk - Peter DeMarzo
Required:  
Yes
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No suggested readings or additional bibliography

 

 

 



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Last update: 29/09/2022 12:33
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