No formal prerequisites, although some basic notions of statistics and financial mathematics are necessary.
The course provides compentences and instruments to analyze and understand financial decisions of industrial and service companies.
Upon completion of the course, students will be able to critically evaluate investment and financing decision.
The course provides an introduction to the most important aspects of corporate finance. The objective is to acquire the essential skills necessary to actively deal with the corporate finance activities of a firm. The course explores both investing and financing decisions, focusing on their role in the creation of shareholder value.
Introduction to Corporate Finance and corporate governance
Financial statement analysis
Discounted cash flow and value
Risk and capital budgeting
Risk and return: the Capital Asset Pricing Model
Multi-factor models and APT
Cost of capital, beta estimation and determinants of beta
Capital structure and firm value
Cost of capital, firm value and leverage
D. Hiller, S. Ross, J. Jaffe, B. Jordan, Corporate Finance (a cura dii S. Frova), II Edizione, Mc Graw Hill, 2014, Chapters. 1,2,3,4, 5 (excluding paragraphs 5.1,5.2,5.3), 6, 7, 8 (excluding paragraphs 8.2,8.3,8.4), 9, 10, 11, 12, 13, 15, 16, 17.
Lectures, case studies and exercises
Written exam; time available 90 minutes. Students will be required to answer questions and to solve exercises that apply models and tools pf Corporate Finance.