04521 - Corporate Finance

Course Unit Page

Academic Year 2021/2022

Learning outcomes

The aim of the course is to provide the tools to evaluate companies and industrial projects. The first part of the course is asset-side oriented and looks at how business strategy gives rise to financial needs and risk. The second part of the course is liability-side oriented and investigates for the optimal debt/equity ratio and the return for the investors. Overall, the course points out the relevant drivers for company valuation and allows the students to: - apply the main financial and relative methods of business valuation; - analyze the most frequently used financial instruments in business valuations; - understand the different business strategies and their impact on value.

Course contents

- Discounting

- Financial analysis

- Financial planning

- Valuation of bonds and stocks

- Principles of portfolio management

- Capital asset pricing model

- Capital budgeting

- Equity financiang

- Dividend polcy

- Capital strucutre decisions

- Weighted average cost of capital and adjusted present value

Readings/Bibliography

R. A. Brealey, S. C. Myers, F. Allen, Principles of corporate finance, McGraw Hil, 2020, chapters from 1 to 10 and from 15 to 19.


Teaching methods

Lessons and case discussions

Assessment methods

Verification takes place through two written tests (so-called "partial"). Each of the two tests consists of eight multiple choice questions and four short exercises. Each correct answer will be assigned one point in the case of multiple choice ones and up to a maximum of two points in the case of short exercises (maximum 16 points). There are no penalties for incorrect answers. The points obtained in the two tests will be added together in order to arrive at the final evaluation. Financial calculators can be used. Students can choose to take the exam in a single test, consisting of 16 multiple choice and 8 short exercises. It will be possible to renounce the vote and repeat the exam in the official sessions established according to the school rules. The exam will be remote or face-to-face based on the rules that will be established at school and university lev

 

 

 

 

 

 

 

 

 

Teaching tools

Slides

Office hours

See the website of Sandro Sandri

See the website of Massimiliano Barbi

See the website of Giulia Baschieri