75363 - Corporate finance

Academic Year 2020/2021

  • Docente: Emanuele Bajo
  • Credits: 8
  • SSD: SECS-P/09
  • Language: English
  • Teaching Mode: Traditional lectures
  • Campus: Bologna
  • Corso: First cycle degree programme (L) in Economics and Finance (cod. 8835)

Learning outcomes

The goal of this course is to provide students with the fundamental tools to understand financial decision-making in the modern corporation. Topics include: capital budgeting/corporate investment, capital structure, corporate sources of funding, dividend policy, corporate contingent claims for financial risk management. The course frames these topics within the standard theories of risk and return, valuation of assets and market structure.

Course contents

Financial Planning and Analyzing financial performance

Capital budgeting (NPV, IRR and payback period)

Capital budgeting and risk (asset beta and equity beta)

Financing decisions and the firm cost of capital

Capital issuing (seasoned equity offers, IPOs and venture capital)

Corporate risk management

 

Readings/Bibliography

Brealey, Myers, Allen, Principles of Corporate Finance (12th Edition). McGraw Hill International.

Chapters: 1-10; 14-19; 28-29

Assessment methods

Exam will take place during the official sessions and it will be a comprehensive final exam including the theoretical and the technical/practical part. The exam will include one practical case and one theoretical section. The practical case is aimed to assess your ability to put in practice corporate finance techniques; the theoretical section is intended to evaluate your level of understanding and knowledge of the foundations of corporate finance. The practical case will be evaluated maximum 20/30 and the theoretical section 10/30.

Office hours

See the website of Emanuele Bajo

SDGs

Quality education Decent work and economic growth Industry, innovation and infrastructure

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