The course aims to examine, in the perspective of non financial firms, the principles of corporate finance by deepening the characteristics of the net present value in the capital budgeting decisions, the choices of financial structure, the financing instruments in the short and medium-long term, the dividend policy, the payment instruments in international trade and the operations of hedging of financial risks (currency risk, interest rate risk and commodity risk); moreover the topics of project finance and patent box are examined during the course.
At the end of the lessons, the Student must be able to analyze, interpret and evaluate in a critical and autonomous way the firm’s decisions that have financial implications.
The principles of corporate finance.
The determination of the relevant cash flows and the cost of capital in the net present value.
The decisions of financial structure. The benefits and costs of borrowing.
The Initial Public Offering (IPO).
The technical forms of medium and long-term financing.
The technical forms of short-term financing.
The dividend policy.
Payment instruments in international trade.
Introduction to Corporate Financial Risk Management.
The teaching methods consist of lectures and examples designed to facilitate the understanding and interpretation of theoretical concepts.
In addition to the textbook, Students must also prepare the material loaded on the eLearning page of the course.
With the aim of fruitful learning of the topics covered in the teaching, it is appropriate that the Student has adequate knowledge of the concepts taught in the course of “Financial markets and Institutions”.
|AA.VV.||Volume create del corso di "Analisi e copertura dei fabbisogni finanziari" (sedi di Verona e Vicenza - a.a. 2020-21)||McGraw-Hill||2021|
The exam is written and is directed to verify the knowledge of the topics in the program. It consists in three questions (open theoretical questions and exercises to be solved by providing a commentary to the obtained results), structured to ascertain whether the student is actually able to treat with awareness and critical sense the firms’ financial decisions. The duration of the test is variable from a minimum of one hour and a half to a maximum of two hours.
Finally, the exams are the same for attending and non-attending students.
IMPORTANT - The teaching methods and learning assessment will be illustrated in detail in the second semester of the academic year 2020/21 and in any case always in compliance with the University guidelines.