Bachelor's degree in Economics and Business (Verona)

Course partially running (all years except the first)

Corporate finance

Course code
4S00495
Name of lecturer
Giuseppina Chesini
Coordinator
Giuseppina Chesini
Number of ECTS credits allocated
9
Academic sector
SECS-P/09 - CORPORATE FINANCE
Language of instruction
Italian
Site
VERONA
Period
primo semestre (lauree) dal Sep 28, 2020 al Dec 23, 2020.

Lesson timetable

Go to lesson schedule

Learning outcomes

In the first part the course aims to provide a general overview of the elements making up the financial system, analyzing the structure and characteristics of markets, the business of credit intermediation and brokerage intermediation.
In the second part, in the perspective of non financial firms, are analyzed 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.
The teaching methods consist of lectures and examples designed to facilitate the understanding and interpretation of theoretical concepts.

Syllabus

First part

Introduction to financial intermediation.
European Central Bank, monetary policy and interest rates.
Money markets.
Bond markets.
Stock markets.
The banks.
The asset management companies and the mutual funds.
The brokerage securities companies and the investment banks.

Second part

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 the costs of borrowing.
The technical forms of medium and long-term financing.
The technical forms of short-term financing.
The dividend policy.
Payment instruments in international trade.

Reference material
Hillier D., Ross S., Westerfield R., Bradford J., Corporate Finance, Italian edition, McGraw Hill, 2018.
Students must also prepare the material loaded on the elearning page of the course.

Reference books
Author Title Publisher Year ISBN Note
Hillier D, Ross S, Westerfield R, Jaffe J, Jordan B Corporate finance (Edizione 2) McGraw-Hill 2013

Assessment methods and criteria

The objective of the exam consists in verifying the level of achievement of the course's educational objectives.
The exam consists of a written test with some open and some closed questions. The multiple choice quiz is also possible.



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