CORPORATE FINANCE
| Official course title | FINANZA AZIENDALE |
| Academic Year | 2011/2012 |
| Course code | ET0033 |
| University credits | 6 |
| Subdivision | Full Time |
| Degree level | First Cycle Degree M.D.270 |
| Educational sector code | SECS-P/09 |
| Semester/trimester | 1° Periodo |
| Course year | 3 |
Professor
Degree Programmes and curricula
Other parts of the course
Contents
Educational Goals
The course looks at finance as a tool to make corporate investments. This way it is not only liability side oriented, but also asset side oriented and looks at corporate finance as an instrument to implemet corporate strategy. The basic idea is to let the student perceive that the value of capital comes from the capability for the company to generate free cash flows from operations, fittng risk and financial market espectations. If this happens a company can satisfy the espactations of all the differnt categories of "money suppliers" over the long term without value shifting and conflict.
Requirements
Economia aziendale
Contents
The main topics:
1. the cash flow dynamic ad its determinats;
2. the forecast of future cash flows in the short time and in the medium-lonf time;
3. capital budgeting decisions: the net present value approach;
4. other capital budgeting approaches;
5. the cost of capital and its estimation.
Recommended Reading List
LIBRO DI TESTO:
Brealey R.A., Myers S.C., Allen F.,Sandri S., Principles of Corporate Finance, McGraw-Hill, Milano, Ed. 2011, Capitoli: 1, 2, 3, 4, 5, 7, 8, 11
LIBRO CONSIGLIATO:
Bertinetti G., Finanza Aziendale Applicata. Strumenti per l’analisi e la gestione finanziaria applicati ad un’impresa industriale (2000), Giappichelli Editore, capitoli 1, 2, 3, 4, 5, 6, 7 (cenni)
Assessment
written
Teaching Methods
The course consists of 6 hours per week, meaning 30 hours for the whole course. For each of the five topics three classes will be held in order to learn: (i) the main theoretical subjects; (ii) the best practice; (iii) the actual application through mini-cases and practical examples.
Teaching Language
Italian
