|SCIENTIFIC DISCIPLINARY SECTOR
Corporate Finance is about companies, investors, and their interaction in financial markets. Essentially, companies make decisions (how to raise capital, how to invest that capital, …) and investors react to those decisions by bidding the company’s stock and bond prices up or down. During this course we will look at this interaction from the point of view of both companies and investors, with a special emphasis on companies.
AIMS AND CONTENT
The course introduces the students to the principles of corporate finance. By combining a rigorous theoretical approach with a more practical approach, the course focuses on two main issues, i.e. investment evaluation and capital budgeting, and firm financial structure and financing decisions.
AIMS AND LEARNING OUTCOMES
After studying this course, students should be able to:
identify the key themes in corporate finance
explain the role of finance in an organisation
analyse the relationship between strategic decision making and corporate financing decisions
understand wihch techniques can be used to evaluate a project
calculate cost of equity and the cost of cpitale
understand the main financing sources and instruments
understand the drivers of financing decisions.
Students attending this course are required to have a thorough understanding of Business administration.
They should also have a good knowledge of Financial mathematics and Accounting
The course entails different teaching methods such as Lectures, Case Studies, Seminars and Workshop with Professionals, Assignments using Aulaweb platform, Auto evaluation tests.
Parte I - Investment Project Evaluation
- The Time Value of Money and Interest Rates;
- Investment Decision Rules
- Fundamentals of Capital Budgeting
Parte II- Cost of Equity
- Capital Markets and the Pricing of Risk
- Optimal Portfolio Choice and the Capital Asset Pricing Model
- Estimating the Cost of Capital
Parte III - CAPITAL STRUCTURE
- Capital Structure in a Perfect Market
- Debt and Taxes
- S. Ross, D. Hillier, R. Westerfield, J. Jaffe, B. Jordan, “Corporate Finance” 2/ed, McGraw Hill, 2015.
Alternatively or in addition:
- R. A. Brealey, S. C. Myers, F. Allen, S. Hill, “Principi di Finanza Aziendale”, McGraw Hill , 2015
- J. Berk, P. DeMarzo, “Finanza aziendale 1”, Pearson, 2011 (3° edition)
TEACHERS AND EXAM BOARD
Ricevimento: Office hours are published on Aulaweb course page at the beginning of the course For other hours please contact the teacher via email. Always check Aulaweb news for update and changes
Ricevimento: Meeting hours and changes are specified on the Aulaweb page of the Course.
LAURA NIERI (President)
FRANCESCA QUERCI (President Substitute)
Lessons start in the firts semester on September 20
L'orario di tutti gli insegnamenti è consultabile all'indirizzo EasyAcademy.