LEARNING OUTCOMES

The course proposes the development of institutional content related to the functions of finance within corporate management, with a careful cut in both the latest developments in theory and operational and application aspects. In particular, they develop financial analysis methodologies, criteria and methodologies for assessing corporate investment and the criteria and processes for defining the financial coverage of lending.

AIMS AND LEARNING OUTCOMES

The course has as main objectives:

- provide basic skills in corporate finance, with a view to training the financial management operator and that of the business consultant;

- provide the conceptual and analytical tools for an adequate assessment of the financial balance and of the financial flows

- deepen the logic and methodologies applicable to the evaluation of investments and strategies, which determine the needs of corporate financial resources

TEACHING METHODS

Face-to-face learning

SYLLABUS/CONTENT

Financial cycles - financial structure construction as a balance of expected flows

Cash generation - training, types and use

Business strategies evaluation. Shareholders value approach. Economic value of strategy and value transfer to the shareholders, for different kinds of shareholders and in different kinds of ownership structure.

Evaluation of investments to implement strategies. Logic, criteria and application methods. Limits of traditional evaluation methods and integrative methods. Governament incentives and investment decisions

Finance structure decisions as strategic decisions. Equity level decisions. Opening of equity, listing on the stock exchange and value for shareholders

Basic models of financial structure and business development financing. Different kinds of companies and countries. Trade - off between business financing needs and shareholders value Off balance sheeet assets in SMEs.

Special Part

Valuation of bonds and equity

RECOMMENDED READING/BIBLIOGRAPHY

Attending students: lecture notes and distributed supplementary material

Students not attending:

BREALEY, MYERS SANDRI, Principles of Corporate Finance - 11th Global Edition,
MCGRAW HILL 2014 - chapters 1-2-4-6-7-8-9-12-13.