Academic Year 2021/2022
- Docente: Emilio Tomasini
- Credits: 6
- SSD: SECS-P/09
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: First cycle degree programme (L) in Information Science for Management (cod. 8014)
Learning outcomes
The aim of the course is to provide a basic education in corporate finance. At the end of the course the student will be able to evalute both the profitability of an investment project and the profitability of a business and to take appropriate decisions on how to finance it. The capital markets and behavioural finance will be highlighted with a focus on the balance between financial resourses and investments.All students from foreign universities are kindly requested to introduce themselves to the teacher before taking the exam or attending the classes.
Course contents
Present Value and the Opportunity Cost of Capital
How to Calculate Present Values
The Value of Common Stocks
Why Net Present Value Leads to Better Investment Decisions
Making Investment Decisions with the Net Present Value Rule
Introduction to Risk, Return, and the Opportunity Cost of Capital
Risk and Return
Capital Budgeting and Risk
Practical Problems in Capital Budgeting
Where Positive Net Present Value Comes From
Financing Decisions and Market Efficiency
Corporate Financing and the Six Lessons of Market Efficiency
An Overview of Corporate Financing
How Corporations Issue Securities
Dividend Policy and Capital Structure
The Dividend Controversy
Does Debt Policy Matter?
How Much Should a Firm Borrow?
Financing and Valuation
Options
Understanding Options
Valuing Options
The futures markets
Warrants and Convertibles
Debt Financing
Valuing Debt
The Many Different Kinds of Debt
Cash Flow Management
Fundamental and Technical Analysis
Trading systems and quantitative finance
TEXT BOOK CORPORATE FINANCE BY Brealey Meyers
Readings/Bibliography
R. Brealey, S. Myers, F. Allen, Corporate Finance , McGraw Hill latest edition
Teaching methods
On line courses
Assessment methods
There will be tests during the official examination periods made up by 24 multiple choice questions and a DCF (discounted cash flow) excercise.
Teaching tools
All the lectures will be uploaded on the personal youtube channel of the teacher
Links to further information
https://www.unibo.it/sitoweb/emilio.tomasini
Office hours
See the website of Emilio Tomasini