- Docente: Massimiliano Marzo
- Credits: 6
- SSD: SECS-P/09
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Cesena
- Corso: Second cycle degree programme (LM) in Digital Transformation Management (cod. 5815)
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from Sep 19, 2023 to Oct 24, 2023
Learning outcomes
The aim of this course is to provide students with a set of analytical tools to understand how corporations structured and managed financial decisions. Companies face two broad financial questions: What investments should the firm make? And how should a firm raise money to finance those investments? At the end of the course, students can: (a) make investment decisions based on the net present value rule; (b) understand how much should the firm borrow; (c) calculate the opportunity cost of capital in a framework of the risk and return market model.
Course contents
- Introduction to the Course, Financial System and Financial Statement Basics, Financial Ratios
- Time Value of Money – the mathematics of Finance
- Present Value calculations and Bond and Stock Pricing
- The Role of Net Present Value (NPV) to make Investment Decision
- Introduction to Risk and Return, Review of Statistics Concepts
- CAPM: Capital Asset Pricing Model
- Capital Budgeting, Project Discount Rate, Free Cash Flow
- Derivatives and Risk Management
- Options and Option Pricing
- Debt Policy and Capital Structure
- Financing and Valuation methods
Readings/Bibliography
Brealey, Richard, A., and Stewart C. Myers, Sandro Sandri, Principles of Corporate Finance, latest edition, Irwin McGraw-Hill.
Office hours
See the website of Massimiliano Marzo
SDGs


This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.