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Risorsa bibliografica obbligatoria
Risorsa bibliografica facoltativa
Scheda Riassuntiva
Anno Accademico 2018/2019
Scuola Scuola di Ingegneria Industriale e dell'Informazione
Insegnamento 052802 - FINANCE LAB + CORPORATE FINANCE
  • 052801 - CORPORATE FINANCE
Docente Giudici Giancarlo
Cfu 5.00 Tipo insegnamento Modulo Di Corso Strutturato

Corso di Studi Codice Piano di Studio preventivamente approvato Da (compreso) A (escluso) Insegnamento
Ing Ind - Inf (Mag.)(ord. 270) - BV (479) MANAGEMENT ENGINEERING - INGEGNERIA GESTIONALE*AZZZZ097749 - CORPORATE FINANCE B
052802 - FINANCE LAB + CORPORATE FINANCE

Obiettivi dell'insegnamento
The course objectives are as follows:
  • Analyzing the financial structure and governance decisions of a company
  • Learning how the company may raise money to finance growth, projects and investments, and which instruments can be used
  • Analyzing the characteristics of financial securities, and their valuation methodologies
  • Analyzing derivatives contracts, their valuation methodologies and how they can be used to hedge company liabilities

The course fits into the overall program curriculum pursuing some of the defined general learning goals. In particular, the course contributes to the development of the following capabilities:

  • Understand context, functions, processes and instruments in firm and investment financing

  • Design solutions applying a scientific and engineering approach (Analysis, Learning, Reasoning, and Modeling capability deriving from a solid and rigorous multidisciplinary background) to face problems and opportunities in corporate finance

  • Develop new ideas and solutions in financial modelling

 


Risultati di apprendimento attesi
  • Comprehension of the logics of the firm financial structure, selecting between equity and debt

  • Demonstrate the knowledge of the characteritics and pricing models of debt and equity securities

  • Capability to evaluate the effects of financing decisions on firm and investment appraisal, designing solutions and models

  • Demonstrate the knowledge of the characteritics and pricing models of derivatives (forward contracts and options) and their use in hedging strategies

Argomenti trattati
The course of Corporate Finance (5 cfu) analyzes the process of corporate investments’ financing through the selection of security typology, capital issuance, corporate governance and hedging.
 
Topics:
  • Financial structure: Modigliani & Miller propositions, debt vs. equity, agency costs
  • Debt raising: bonds (valuation, duration, term structure of interest rates, volatility)
  • Equity raising: shares (valuation)
  • Interactions between value and financing (adjusted present value, wacc)
  • Derivatives (forward contracts, options)
The course may be taken as optional by students enrolled in any concentrations of the course of Management Engineering.
The course is integrated with 'Finance Lab' (10 cfu) in the second semester for students enrolled in the Finance concentration.

 


Prerequisiti

- Knowledge of cash flow discounting methodologies

- Knowledge of the balance sheet structure (A&L, profit&losses, cash flow statement)

- Knowledge of the Capital Asset Pricing Model (CAPM)


Modalità di valutazione

Written text and oral text (optional).

The written text will consist of 3 numerical exercises, in order to test the capability of the students to reach the expected learning objectives.

 


Bibliografia
Risorsa bibliografica facoltativaBrealey Myers, Principles of Corporate Finance

Forme didattiche
Tipo Forma Didattica Ore di attività svolte in aula
(hh:mm)
Ore di studio autonome
(hh:mm)
Lezione
32:30
48:45
Esercitazione
17:30
26:15
Laboratorio Informatico
0:00
0:00
Laboratorio Sperimentale
0:00
0:00
Laboratorio Di Progetto
0:00
0:00
Totale 50:00 75:00

Informazioni in lingua inglese a supporto dell'internazionalizzazione
Insegnamento erogato in lingua Inglese
Disponibilità di materiale didattico/slides in lingua inglese
Disponibilità di libri di testo/bibliografia in lingua inglese
Possibilità di sostenere l'esame in lingua inglese
Disponibilità di supporto didattico in lingua inglese
schedaincarico v. 1.6.1 / 1.6.1
Area Servizi ICT
28/02/2020