CORPORATE FINANCE (ADVANCED)

Attività formativa monodisciplinare
Codice dell'attività formativa: 
910007-ENG

Scheda dell'insegnamento

Per studenti immatricolati al 1° anno a.a.: 
2019/2020
Insegnamento (nome in italiano): 
CORPORATE FINANCE (ADVANCED)
Insegnamento (nome in inglese): 
Corporate Finance (advanced)
Tipo di attività formativa: 
Attività formativa Affine/Integrativa
Tipo di insegnamento: 
Obbligatoria
Settore disciplinare: 
FINANZA AZIENDALE (SECS-P/09)
Anno di corso: 
1
Anno accademico di offerta: 
2019/2020
Crediti: 
9
Responsabile della didattica: 
Mutuazioni
  • Corso di studi in BUSINESS ADMINISTRATION, PROFESSIONAL AND MANAGERIAL ACCOUNTING - Percorso formativo in ACCOUNTING, ACCOUNTABILITY AND GOVERNANCE

Altre informazioni sull'insegnamento

Modalità di erogazione: 
Didattica Convenzionale
Lingua: 
Inglese
Ciclo: 
Secondo Semestre
Obbligo di frequenza: 
No
Ore di attività frontale: 
72
Ore di studio individuale: 
153
Ambito: 
Attività formative affini o integrative
Materiali didattici: 
Prerequisites

None

Educational goals

The course aims to give students the capacity to understand the theory and the principles of corporate finance and to provide students with a set of operative tools to apply in the business industry, with special focuses on selected corporate finance topics. After completing the course, students will be familiar with the methodologies and tools for financial planning and financial risk management for international firms and for specialized firms in the field of real estate and shipping

Course content

The course is divided into four parts. The first one is dedicated to corporate risk management. The second part deals with real estate finance. The third part of the course focuses on financial management for multinational enterprises, and it presents a focus on the special topic of shipping finance. The fourth part focuses on valuation of stocks and bonds.

First part:
Corporate risk management: Risks measurement and evaluation; Risk measures application; Organization of the risk management function

Second part:

Real estate appraisal, Index construction, Return and risk of real estate

Third part:
Fund raising for multinational companies, Financial risk management for multinational companies, Shipping finance

Fourth part:

DCF, Relative valuation, Real options, Valuation of Bonds

For students attending the Accounting, Accountability and Governance Master Program (910020-ENG (6 CFU), contents are limited to the first, second and fourth parts

Textbooks and reading lists

Berck J., DeMarzo P. (2017), Corporate Finance, Global Edition, Pearson Education, Harlow
Brealey R., Myers S., Allen F. (2017), Principles of Corporate Finance, McGraw Hill, 12th edition
Eun and Rensik (2018) International Financial Management, McGraw Hill, 8th edition
Geltner D.M (2007), Commercial Real Estate Analysis and Investments, CENGAGE Learning, Mason
Myint S., Famery F. (2012),The Handbook of Corporate Financial Risk Management, RiskBooks, Research and Markets, Dublin
Kavussanos M., Visvikis, I.D. (2016), The International Handbook of Shipping Finance, Palgrave Mcmillan UK, Hound mills

Lectures notes and supplementary readings

For students attending 910020-ENG (6 CFU):
Berck J., DeMarzo P. (2017), Corporate Finance, Global Edition, Pearson Education, Harlow
Brealey R., Myers S., Allen F. (2017), Principles of Corporate Finance, McGraw Hill, 12th edition
Geltner D.M (2007), Commercial Real Estate Analysis and Investments, CENGAGE Learning, Mason
Myint S., Famery F. (2012),The Handbook of Corporate Financial Risk Management, RiskBooks, Research and Markets, Dublin

Lectures notes and supplementary readings

Teaching methods

Lectures represent 60% of teaching, while the other methods are represented by work group presentations, case presentations and discussions, Computer lab simulations (overall, 40%)

Assessment and Evaluation

Final written test. The duration of the written test is up to 2 hours and students are asked to answer up to 8 questions (a percentage of maximum 50% is represented by open questions and a percentage of maximum 50% is represented by exercises). Each question receives a maximum score of 5 points.
To verify the achievement of the Learning objectives of the course, the test requires that the student is able to argue on the use of financial instruments and solve business problems and cases. These criteria are adopted to score the answers

Further information

Erasmus students can select the different topics of the Course.

VALUATION FOR STUDENTS ATTENDING THE CLASSES
Attendance and class participation, Group works, Final written individual test.