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91108 - Principles of Corporate Finance

Academic Year 2023/2024

                
                        Docente:
                        Antonio Carlo Francesco Della Bina
                    
                        Credits:
                        6
                    
                        SSD:
                        SECS-P/09
                    
                        Language:
                        English
                    
                        Teaching Mode:
                        Traditional lectures
                        
                            Campus:
                            Rimini
                        
                            Corso:
                            Second cycle degree programme (LM) in
                            Fashion Studies (cod. 9067)

                            Teaching resources on Virtuale
                        
                                    Course Timetable
                                
from Nov 14, 2023 to Dec 13, 2023

Learning outcomes

At the end of the course the student is expected to acquire the following knowledges: - the relationship between risk and return; - the time value of money; - the main techniques used in capital budgeting; - the main techniques used in the cost of capital assessment; - the main financial policies regarding paying dividends.

Course contents

The course starts presenting what we believe to be the objective of a company management: the maximization of the capital share value (“the value for the shareholders”).

To give concreteness to the principle will primarily be presented the basic technique of corporate finance: calculation of net present value of an investment.

Lessons on the analysis of balance sheet and financial planning have the purpose to give the students a common language and technical basis.

Readings/Bibliography

Essential text: R. Brealy, S. Myers, F. Allen, Principles of Corporate Finance , 13/e , McGraw Hill, 2020

Supplementary text:Corporate Finance: Principles and Practice. By D. Watson, A. Head and D. Chan, 9th ed. Pearson (Intl), 2023.

Teaching methods

Lectures in class

Problem sets

Assessment methods

Skills of students will be tested with a written exam.

The exam (30 points) consists in 30 multiple choice. Right answers are only one. Wrong and missing answers are valued zero.

Important notice: To pass the exam is however necessary to answer correctly to at least five multiple choice.

During the examination use of financial calculator is allowed. Use of any other material, unless authorised, is prohibited. Violation of those rules means removal from the classroom and the termination of the examination.

To take the written exam it is mandatory to register on-line through the AlmaEsami system; if you experience problems in the exam registration process please contact the instructor.

The minimum required to pass the exam is 18 / 30.

Grading structure:

• <18 insufficient

• 18-23 sufficient

• 24-27 good

• 28-30 very good

• 30 cum laude excellent

Office hours

See the website of Antonio Carlo Francesco Della Bina