48144 - Corporate Finance

Academic Year 2017/2018

  • Moduli: Massimiliano Barbi (Modulo 1) Francesco Millo (Modulo 2)
  • Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
  • Campus: Bologna
  • Corso: First cycle degree programme (L) in Business and Economics (cod. 8965)

    Also valid for First cycle degree programme (L) in Economics, Markets and Institutions (cod. 8038)

Learning outcomes

The Teaching Activities related to the course “Corporate Finance” look forward to thoroughly analyze the main fields of activities that concern the Financial Administration and Direction. At the end of the course, the student will be in the position to know and manage the principles and the tools behind some of the most important corporate and investment decisions, as well as some of the most important financing and funding decisions; with these assets, the students will be able to understand the real rationale behind corporate decisions and how these directives may lead to add value for shareholders and stakeholders. In the frame of this course, some of the basic and most relevant theoretical models will be analyzed taking into careful consideration the their concrete enforcement in the day to day approach of corporate finance: the financial politics, the investments decisions, the operating business management.

Course contents

Corporate Finance (48144) will provide students with an overview of financial decision making within a firm. The course focusses on decisions concerning how firms should raise funds in different forms, and how they should invest these funds in real assets. The first part of the course will deal with investment decisions, that is how to value investment projects and companies, while the second part will consider how to finance these investments. The final part of the course will examine how investment and financing decisions are related. In essence, the course is aimed at providing students with a thorough understanding of how financial decisions can create, destroy, or modify shareholder’s value.

Readings/Bibliography

The textbook for the course is the following.

- Hillier, D., Grinblatt, M., and S. Titman, 2013, Financial Markets and Corporate Strategy, 2nd European Ed., McGraw-Hill.

A compact version of the textbook, including only the chapters we will cover during the course, is available with the following ISBN: 9781308852058.

Additional readings may be assigned by the instructor as the course progresses.

Assessment methods

TBA

Office hours

See the website of Massimiliano Barbi

See the website of Francesco Millo