- Docente: Dario Baldini
- Credits: 6
- SSD: ING-IND/35
- Language: Italian
- Moduli: Dario Baldini (Modulo 1) Renzo Baccolini (Modulo 2)
- Teaching Mode: In-person learning (entirely or partially) (Modulo 1); In-person learning (entirely or partially) (Modulo 2)
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Engineering Management (cod. 0936)
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from Feb 19, 2026 to Apr 10, 2026
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from Apr 16, 2026 to Jun 05, 2026
Learning outcomes
The course's fundamental objective is to help students answer two fundamental questions: what investments a company should make and how it should raise the funds to finance those investments. Particular attention will be paid to evaluating and financing investments in technological innovation.
Course contents
The course's objective is to provide students with the basic tools of corporate and project finance from the perspective of a management engineer.
The course consists of two modules:
- Module 1 – Fundamentals of Corporate Finance (Prof. Dario Baldini)
- Module 2 – Fundamentals of Project Finance (Prof. Renzo Baccolini)
Module 1 consists of the following lessons:
- Lesson 1 – Economic Perspective vs. Financial Perspective Lesson 2 – Accounting Fundamentals of Finance: The Balance Sheet
- Lesson 3 – Liquidity Management and Financing Requirements
- Lesson 4 – Financial Markets and the Company's Financial Structure
- Lesson 5 – Cost of Capital and CAPM
- Lesson 6 – Optimal Capital Structure: Leverage
- Lesson 7 – Investment Decisions and the Value of Time
- Lesson 8 – Business Valuation
Module 2 consists of the following lessons:
- Lesson 1 – What is Project Finance (PF) and its Architecture
- Lesson 2 – Project Development and Management
- Lesson 3 – The Role of Banks
- Lesson 4 – Types of Project Agreements and Subcontracts Lesson 5 – The Financial Model and Project Evaluation
- Lesson 6 – Risks: Analysis and Assessment
- Lesson 7 – Public Private Partnerships (PPPs) and the Public Sector
- Lesson 8 – Use of EU Funds in PPPs Edit Texts/Bibliography
Readings/Bibliography
Recommended readings for Module 1:
- S.R. Foester, Corporate Finance for Management, Il Mulino
and as a supplement to some course topics:
- R.A. Brealey, S.C. Myers, S. Sandri, Principles of Corporate Finance, McGraw-Hill
Recommended readings for Module 2:
- E.R. Yescombe, Principles of Project Finance, Academic Press
Teaching methods
Lectures supported by slides.
Please note that the course slides are intended as an outline of the lecture topics and are not a substitute for the reference texts.
Assessment methods
The final assessment for both modules will be a written exam based on numerical exercises and multiple-choice questions.
There will be no midterm exams.
Teaching tools
Course slides.
Office hours
See the website of Dario Baldini
See the website of Renzo Baccolini