- Docente: Marco Bigelli
- SSD: SECS-P/09
- Lingua di insegnamento: Italiano
- Moduli: Marco Bigelli (Modulo 1) Nataliia Bychkova (Modulo 2)
- Modalità didattica: Convenzionale - Lezioni in presenza (Modulo 1) Convenzionale - Lezioni in presenza (Modulo 2)
- Campus: Bologna
- Corso: Laurea Magistrale in Direzione aziendale (cod. 0897)
Conoscenze e abilità da conseguire
The course aims to cover the most important corporate finance topics related to the investment and financial decisions by the firm. It therefore gives the basics on mathematical finance, investment decisions, portfolio theory, the optimal capital structure and the cost of capital for the firm.
Contenuti
First module (20 hours)
-
1. Introduction in Corporate Finance: corporation, corporate governance, financial manager.
2. Financial statements and analysis fundamentals.
3. The time value of money: formulas for financial valuations.
4. Instruments for making investment decision: Discounted Payback, IRR and NPV rules.
5. Valuation of equity: fundamentals of discounted cash flow techniques.
Second module (10 hours)
- Risk and diversification. Market efficiency. Portfolio theory. CAPM.
- The optimal capital structure and the role of debt.
- Case studies in excel to be solved in groupworks in class
Testi/Bibliografia
The text for the course is Brealey, Myers, Allen (henceforth also BMA), Principles of Corporate Finance – 10th Global Edition, McGraw-Hill.
For the final valuation test, it could be useful to practice on the following exercise book:
Kevin King, Corporate Finance Exercise Book, 2014 edition, available on the international kindle-Amazon platforms, as, for example: http://amzn.to/1juVOVO
Metodi didattici
Lectures with slides, excel files and final case studies to be solved in excel
Modalità di verifica e valutazione dell'apprendimento
Final valuation test with some multiple choices, some short exercises and a simple capital budgeting exercise
Strumenti a supporto della didattica
Slides and excel files with solutions.
Orario di ricevimento
Consulta il sito web di Marco Bigelli
Consulta il sito web di Nataliia Bychkova