Guida degli insegnamenti

Syllabus

Partially translatedTradotto parzialmente
[W000564] - CORPORATE FINANCECORPORATE FINANCE
Oscar DOMENICHELLI
Lingua di erogazione: INGLESELessons taught in: ENGLISH
Laurea - [ET06] ECONOMIA E COMMERCIO First Cycle Degree (3 years) - [ET06] ECONOMICS AND COMMERCE
Anno di corsoDegree programme year : 3 - Secondo Semestre
Anno offertaAcademic year: 2019-2020
Anno regolamentoAnno regolamento: 2014-2015
Opzionale
Crediti: 6
Ore di lezioneTeaching hours: 44
TipologiaType: D - A scelta dello studente
Settore disciplinareAcademic discipline: SECS-P/09 - FINANZA AZIENDALE

LINGUA INSEGNAMENTO LANGUAGE

INGLESE

English


PREREQUISITI PREREQUISITES

The knowledge of the main principles of business economics and accounting is required.

The knowledge of the main principles of business economics and accounting is required.


MODALITÀ DI SVOLGIMENTO DEL CORSO DEVELOPMENT OF THE COURSE

The course will be offered through theoretical lectures which will be supported by practical applications.

The course will be offered through theoretical lectures which will be supported by practical applications.


RISULTATI DI APPRENDIMENTO ATTESI LEARNING OUTCOMES
Knowledge and Understanding.

At the end of the course students will be able to understand the main issues and dimensions of corporate finance, concerning the following topics: financial analysis and planning, investment criteria, risk and return, agency problems, market efficiency, financial instruments, and forms of debt and equity.


Capacity to apply Knowledge and Understanding.

At the end of the course students will also be able to use the main tools of corporate financial analysis and decision making, such as financial ratios, cash flow statements, and net present value and other investment criteria, and they will be able to assess the financial and economic situation of a firm.


Transversal Skills.

Practical applications, comparisons and discussions, which will take place during the course, will enable students to improve their autonomy, and communication, learning and critical skills.


Knowledge and Understanding.

At the end of the course students will be able to understand the main issues and dimensions of corporate finance, concerning the following topics: financial analysis and planning, investment criteria, risk and return, agency problems, market efficiency, financial instruments, and forms of debt and equity.


Capacity to apply Knowledge and Understanding.

At the end of the course students will also be able to use the main tools of corporate financial analysis and decision making, such as financial ratios, cash flow statements, and net present value and other investment criteria, and they will be able to assess the financial and economic situation of a firm.


Transversal Skills.

Practical applications, comparisons and discussions, which will take place during the course, will enable students to improve their autonomy, and communication, learning and critical skills.



PROGRAMMA PROGRAM

1. Content.

Introduction to Corporate Finance. Financial analysis. Financial planning. Introduction to present value. Net present value and other investment criteria. Introduction to risk and return. Portfolio theory and the capital asset pricing model. Risk and the cost of capital. Project analysis. Agency problems. Efficient markets and behavioral finance. Types and characteristics of equity capital. Types and characteristics of debt capital.

2. Exercises.
There will be practical applications concerning the following main topics: financial analysis, cash flow analysis and capital budgeting.

1. Content.

Introduction to Corporate Finance. Financial analysis. Financial planning. Introduction to present value. Net present value and other investment criteria. Introduction to risk and return. Portfolio theory and the capital asset pricing model. Risk and the cost of capital. Project analysis. Agency problems. Efficient markets and behavioral finance. Types and characteristics of equity capital. Types and characteristics of debt capital.

2. Exercises.
There will be practical applications concerning the following main topics: financial analysis, cash flow analysis and capital budgeting.


MODALITÀ DI SVOLGIMENTO DELL'ESAME DEVELOPMENT OF THE EXAMINATION
Learning Evaluation Methods.

There will be an oral examination.


Learning Evaluation Criteria.

During the oral examination, students will have to demonstrate that they have acquired a sound theoretical knowledge of the main issues and dimensions of corporate finance. They will also have to demonstrate that they have understood how to use the main instruments of corporate financial analysis and decision making, such as financial ratios, cash flow statements, and net present value and other investment criteria, and how to assess the financial and economic situation of a firm.


Learning Measurement Criteria.

The mark will be expressed in thirties. A student will pass the examination if she/he obtains at least 18 and she/he can obtain a distinction.


Final Mark Allocation Criteria.

There will normally be 6 oral questions and the possible range of scores for each question will be not greater than 5. To be awarded a distinction, students will have to demonstrate a critical, analytical, complete and comprehensive understanding of the theoretical and practical course contents.


Learning Evaluation Methods.

There will be an oral examination.


Learning Evaluation Criteria.

During the oral examination, students will have to demonstrate that they have acquired a sound theoretical knowledge of the main issues and dimensions of corporate finance. They will also have to demonstrate that they have understood how to use the main instruments of corporate financial analysis and decision making, such as financial ratios, cash flow statements, and net present value and other investment criteria, and how to assess the financial and economic situation of a firm.


Learning Measurement Criteria.

The mark will be expressed in thirties. A student will pass the examination if she/he obtains at least 18 and she/he can obtain a distinction.


Final Mark Allocation Criteria.

There will normally be 6 oral questions and the possible range of scores for each question will be not greater than 5. To be awarded a distinction, students will have to demonstrate a critical, analytical, complete and comprehensive understanding of the theoretical and practical course contents.



TESTI CONSIGLIATI RECOMMENDED READING

Brealey, R. A., Myers, S. C. and Allen, F., Principles of Corporate Finance, 2014, Eleventh Global Edition, McGraw-Hill Education. Chapters: 1, 2, 5, 6, 7, 8, 9, 10, 12, 13, 14, 15, 24, 25, 28 and 29.
Other materials will be available on the e-learning platform of the University (https://learn.univpm.it), including the slides of the course. However, as specified on the slides of the course (page 4), the slides are not part of the exam material.

Brealey, R. A., Myers, S. C. and Allen, F., Principles of Corporate Finance, 2014, Eleventh Global Edition, McGraw-Hill Education. Chapters: 1, 2, 5, 6, 7, 8, 9, 10, 12, 13, 14, 15, 24, 25, 28 and 29.
Other materials will be available on the e-learning platform of the University (https://learn.univpm.it), including the slides of the course. However, as specified on the slides of the course (page 4), the slides are not part of the exam material.


Scheda insegnamento erogato nell’A.A. 2019-2020
Le informazioni contenute nella presente scheda assumono carattere definitivo solo a partire dall'A.A. di effettiva erogazione dell'insegnamento.
Academic year 2019-2020

 


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