48144 - Corporate Finance

Learning outcomes

At the end of the course student have a solid understanding of the major variables underlying the investment and financing decision of the firm. After a brief introduction to financial accounting, a particular focus is direct to the common techniques used for corporate valuation such as DCF analysis and multiples.

Course contents

The course provides a framework for understanding the concept of financial valuation. Lectures and readings provide an introduction to present value techniques, company valuation, bond and stock valuation, capital structure decisions and corporate cost of capital.

Readings/Bibliography

A. Damodaran, Investment valuation, Wiley (second edition) 

Brau C. e S.E. Fawcett, “Evidence on What CFOs Think About the IPO Process: Practice, Theory, and Managerial Implications”, Journal of Applied Corporate Finance, 2006 vol 18, p. 107 -117

Teaching methods

Class lectures combined with numerous practical applications and extensive use of real life data. 

Assessment methods

Exam will take place during the official sessions and it will be a comprehensive final exam including the theoretical and the technical/practical part. The exam will include one practical case and one theoretical section. The practical case is aimed to assess your ability to put in practice corporate finance techniques; the theoretical section is intended to evaluate your level of understanding and knowledge of the foundations of corporate finance. The practical case will be evaluated maximum 20/30 and the theoretical section 10/30.

Office hours

See the website of Emanuele Bajo