- Docente: Barbara Petracci
- Crediti formativi: 8
- SSD: SECS-P/09
- Lingua di insegnamento: Inglese
- Moduli: Barbara Petracci (Modulo 1) Massimiliano Marzo (Modulo 2)
- Modalità didattica: Convenzionale - Lezioni in presenza (Modulo 1) Convenzionale - Lezioni in presenza (Modulo 2)
- Campus: Forli
- Corso: Laurea in Economia e commercio (cod. 9202)
Conoscenze e abilità da conseguire
The aim of this course is to provide the students with a set of analytical tools and techniques useful to explore the most relevant important investment and financing decisions taken by firms at different stages of their life cycle. At the end of the course students are able to: (a) select the best business investment strategies a firm should undertake; (b) calculate and interpret the company’s cost of capital; (c) identify the main financing sources available to companies.
Contenuti
Module I
- The role of corporate finance in corporations
- Maximization of shareholder value as a company objective
- Financial analysis and financial planning
- Principles of mathematical finance
- Evaluation of bonds and shares
- Investment assessment methods
- Risk – return relationship
Module II
- Estimation of the opportunity cost of capital through the Capital Asset Pricing Model
- Financing decisions
- Risk capital financing: venture capital and IPO
- Seasoned equity offerings
- Dividend policy
Testi/Bibliografia
Module I - Module II: Lecture notes. The notes will be available on the platform “virtuale.unibo.it”.
R. Brealey, S. Myers, and F. Allen. Principles of Corporate Finance, McGraw Hill, 2019. Chapters 1-9, 12-19, 28. As attending the course is not mandatory, there is no difference between attending students and not attending students.
Module I (Program for the first partial exam): Chapters 1-7, 28.
Module II (Program for the second partial exam): Chapters 8-9 and 12-19.
Metodi didattici
The program will be presented in-depth in class. Theoretical and practical lessons will be provided. Practical lessons (4 for each module) will be based on the resolution of exercises and the presentation of corporate case studies.
Modalità di verifica e valutazione dell'apprendimento
Valuation is based on a written exam.
The partial exam (the first one usually set at the end of October/beginning of November, the second one in January) is based on 6 Multiple Choice Questions (12 points) and 1 exercise (10 points). The partial exam lasts 30 minutes.
It is possible to access to the second partial exam, set in January, with a minimum score of 10.
The total exam is composed of 12 Multiple Choice Questions and 2 exercises that is 6 Multiple Choice Questions and 1 exercise for each module. The total exam lasts 60 minutes. The weight of the mark obtained in each module is 50%.
Concerning both the partial exam and the total exam, the correct answer to a Multiple Choice Question gives 2 points. There is no penalty for the wrong answer and there is only one correct answer. The exercise has a value of up to 10 points.
This form of the exam will be both on line and in presence.
Students are not allowed to use notes or books.
A list of the most important formulas is provided within the exam text.
The final mark is expressed in the thirties.
The course will be taught during the first semester. Two calls will be set during the winter period (January-February) and the last call will be set in September. The second partial exam and the first total exam take place on the same day. An additional call will be set in the second half of July on the request of at least one student.
Strumenti a supporto della didattica
The teaching tools are the projector and the blackboard.
Orario di ricevimento
Consulta il sito web di Barbara Petracci
Consulta il sito web di Massimiliano Marzo