Bachelor's degree in Economics and Business (Vicenza)

Course partially running (all years except the first)

Corporate finance

Course code
4S00495
Name of lecturers
Giuseppina Chesini, Elisa Giaretta
Coordinator
Giuseppina Chesini
Number of ECTS credits allocated
9
Academic sector
SECS-P/09 - CORPORATE FINANCE
Language of instruction
Italian
Site
VICENZA
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 teaching aims to provide a general overview of the main elements of the financial system, analyzing the structure and characteristics of the financial markets, the credit intermediation activities and the securities brokerage services. In the second part, placing itself in the perspective of non-financial companies, the characteristics of the net present value are analyzed in the capital budgeting decisions, the choices of financial structure, the short and medium-long term financing instruments, the decisions regarding dividend payment, payment instruments for international trade and hedging of financial risks (exchange rate risk, interest rate risk and commodity risk); the topic of project finance is also discussed. At the end of the lessons the student must demonstrate to understand the peculiarities of the main components of the financial system; he or she must also be able to analyze, interpret and evaluate business decisions that have financial implications.

Syllabus

First part

• Introduction to corporate finance
• Workbook-chapter-1
• Corporate governance
• Workbook-Chapter-2
• NPV and alternative criteria for choosing investments
• Workbook-Chapter-6
• Investment decisions
• Workbook-Chapter-7
• Risk analysis, real options and capital budgeting
• Workbook-Chapter-8
• Risk and return: lessons in the history of the capital market
• Workbook-Chapter-9
• Risk and yield: the CAPM
• Workbook-Chapter-10
• Risk, cost of capital and capital budgeting
• Workbook-Chapter-12
• Financial structure: the fundamental principles
• Workbook-Chapter-15
• Financial structure: limits on the use of debt
• Workbook-Chapter-16
• Dividends and other forms of profit distribution
• Workbook-Chapter-18

Second part

• Introduction
• Elements of theory of financial intermediation
• European Central Bank, monetary policy and interest rates
• Monetary markets
• Bond markets
• Equity markets
• Banks
• Italian management companies "SGR" and mutual funds
• Italian investment companies "SIM" and investment banks

Reference books
Author Title Publisher Year ISBN Note
AA.VV Volume Create del Corso di Finanza Aziendale (a.a. 2018-2019) McGraw Hill 2018

Assessment methods and criteria

The exam is written and is aimed at ascertaining the knowledge of the topics in the program. It consists of 4 questions (theoretical questions and exercises). The duration of the test varies from a minimum of an hour and a half to a maximum of two hours.



© 2002 - 2020  Verona University
Via dell'Artigliere 8, 37129 Verona  |  P. I.V.A. 01541040232  |  C. FISCALE 93009870234