04521 - Business Finance

Academic Year 2020/2021

  • Teaching Mode: Traditional lectures
  • Campus: Rimini
  • Corso: First cycle degree programme (L) in Business Economics (cod. 8848)

Learning outcomes

At the end of the course the student is able to evaluate the firm's financing and investment choices with  emphasis on international markets. More specifically, the student is able to: develop skills for medium- and long-term planning; decide the financial structure of the firm. use the different models of the theory of finance to evaluate the capital budgeting decisions and the risk associated to investment projects; understand the strategic role of corporate finance in the management of  firms.

Course contents

The course starts presenting what we believe to be the objective of a company management: the maximization of the capital share value (“the value for the shareholders”).

To give concreteness to the principle will primarily be presented the basic technique of corporate finance: calculation of net present value of an investment. To understand this reasoning it is necessary for the students to have good knowledge of basic principles of financial mathematics.

Lessons on the analysis of balance sheet and financial planning have the purpose to give the students a common language and technical basis. Links with accounting courses are evident.

Readings/Bibliography

R. Brealey, S. Myers, F. Allen, S. Sandri, Principi di Finanza Aziendale, McGraw-Hill, 8th Edition, 2020. CHAP 1-13 (chapters 11 and 12 are excluded)

Teaching methods

Lectures

Problem sets

Assessment methods

Skills of students will be tested with a written exam.

The exam (30 points) consists in 30 multiple choice. Right answers are only one. Wrong and missing answers are valued zero.

During the examination use of financial calculator is allowed. Use of any other material, unless authorised, is prohibited. Violation of those rules means removal from the classroom and the termination of the examination.

To take the written exam it is mandatory to register on-line through the AlmaEsami system; if you experience problems in the exam registration process please contact the instructor.

The minimum required to pass the exam is 18 / 30.

Teaching tools

Slides

Supplementary material

Office hours

See the website of Antonio Carlo Francesco Della Bina