85072 - INTERNATIONAL CORPORATE FINANCE

Scheda insegnamento

Anno Accademico 2018/2019

Conoscenze e abilità da conseguire

At the completion of the course, students will have a basic knowledge of concepts and analytical techniques in corporate finance, and they will be able to apply them to nowadays international market transactions. This includes the ability to understand the governance of multinational corporations, and their investing, financing, and risk management decisions in a perspective of maximizing the value to their shareholders.

Programma/Contenuti

International Corporate Finance (85072) will provide students with an introduction to financial decision-making, and the framework in which these decisions are made, specializing to the investment decisions of firms in a perspective of maximizing the value to shareholders.

The first module (Introduction to Finance) will cover the international financial system and its main actors, along with basic finance concepts such as the time value of money and asset valuation. The main financial markets—i.e., money and bond market, stock market, and foreign exchange market—will be discussed within the international financial system.

The second module (International Financial Management) will specialize to some of the theory and practice of decision-making within the firm. In particular, the module will study how firms evaluate international business opportunities, and to which extent international risks can be managed, with the aim of maximizing the value to shareholders.

Testi/Bibliografia

The main textbook for the course is:

Peterson Drake, P. and F. J. Fabozzi, The Basics of Finance: An Introduction to Financial Markets, Business Finance, and Portfolio Management, John Wiley & Sons, 2010.

The following book is a good alternative, and the only reference for two lectures of the first module:

Pilbeam, K., Finance and Financial Markets, 3/e, Palgrave Macmillan, 2010.

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

Modalità di verifica dell'apprendimento

Course attendance is mandatory. 70 percent of the lectures is the minimum attendance rate to be granted the access to the 90 minutes final class test, which will take place after the class ending, within the official exam sessions. It will include 10 multiple-choice questions (10 points), 1 open-end question (5 points) and 5 short problems (15 points, i.e. 3 points each). Moreover, students will be asked to present and critically discuss a topic in finance (team work) in the last scheduled meeting (about 15-20 minutes for each presentation, depending on the number of students). This will provide the participants with a maximum of 4 points (to be added to the final written exam mark). Please note that these additional extra-points will be only valid in the official exam session right after the course ending.

Orario di ricevimento

Consulta il sito web di Massimiliano Barbi