- 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
CORPORATE FINANCE
1 Goals and Governance of the Firm
2 How to Calculate Present Values
3 Valuing Bonds
4 The Value of Common Stocks
5 Net Present Value and Other Investment Criteria
6 Making Investment Decisions with the Net Present Value Rule
7 Introduction to Risk and Return
8 Portfolio Theory and the Capital Asset Pricing Model
9 Risk and the Cost of Capital
10 Project Analysis
11 Investment, Strategy, and Economic Rents
12 Agency Problems, Compensation, and Performance Measurement
13 Efficient Markets and Behavioral Finance
14 An Overview of Corporate Financing
15 How Corporations Issue Securities
16 Payout Policy
17 Does Debt Policy Matter?
18 How Much Should a Corporation Borrow?
19 Financing and Valuation
20 Understanding Options
21 Valuing Options
23 Credit Risk and the Value of Corporate Debt
24 The Many Different Kinds of Debt
QUANTITATIVE FINANCE
A. how to develop a trading system
B. how to assess a trading system
C. how to trade and maintain a trading system
Readings/Bibliography
The official textbook is the ubiquitous Principles of Corporate Finance by R. Brealey, S. Myers, F. Allen, published by McGraw Hill.
The Italian version is R. Brealey, S. Myers, F. Allen S. Sandri, Principi di Finanza Aziendale , McGraw Hill Libri Italia, SETTIMA EDIZIONE, 2014, chapters from 1 to 10, from 12 to 13, from 15 to 18, from 20 to 21
The part on quantitative finance is Thomas Stridsman, Trading Systems: quelli giusti, Experta, 2007 or the English version "Trading systems that work", New York Institute of Finance.
Teaching methods
Around 22 lectures in class (2 to 3 hours each)
Assessment methods
A written test with 26 quizzes and other open questions and excercises or at least 17 weekly assessments during the course so that attendance is compulsory (no need for final exam)
Teaching tools
Students with a special interest in the topic will be allowed to attend privately organized courses in finance at no cost.
There are 2 ways to pass the exam: the first (called "esercitazioni") ia a series of at least 17 tests that the student must pass during the normal classes. Each test is made up of 10 questions or 5 questions and an excercise. Each student can ask information about the previous course only by and not beyond the next one.
The second way to pass the exam is in the "traditional" mode with a 30 questions quiz 6 times per year during the exam period.
Links to further information
Office hours
See the website of Emilio Tomasini