CORPORATE BANKING

Academic year
2016/2017 Syllabus of previous years
Official course title
CORPORATE BANKING
Course code
EM4003 (AF:234253 AR:122078)
Modality
On campus classes
ECTS credits
6
Degree level
Master's Degree Programme (DM270)
Educational sector code
SECS-P/11
Period
4th Term
Course year
1
Where
VENEZIA
The course outlines the most important areas of Corporate and Investment Banking from an economic and financial point of view, that is, it describes the main capital and debt financing tools which aim to fulfil the companys’ needs, both in terms of management and finance requirements.
The course outlines the most important areas of Corporate and Investment Banking from an economic and financial point of view. The course describes the main financing tools (both in capital and debt) to service the company’s strategy and the company’s needs in terms of management and finance requirements. Firstly, an “internal” focus will be put inside the company, that is, on its capability to generate cash and on the way how its financials are to be judged. Secondly, an “external” focus will be put outside the company, i.e. on financial tools such as venture capital, private equity, IPO – listing – quotation and placement on capital markets, structured finance and restructuring process (i.e. M&A, LBO, turnaround). In a nutshell, the course deals: (i) with the most important transactions in extraordinary finance, which can take place in addition to the typical recurring activities of the commercial banking sector; (ii) with the manners and ways through which the company can exploit them, as well as with the financial requirements the company must have to use them successfully (thanks to the indications of the first part of the course). In other words, the course has the following framework:
1) It starts dealing with the financial systems, their main actors, the role of each actor and the balance (or imbalance) among the actors;
2) it analizes the corporate annual report (i.e. profit and loss, balance sheets and cash flow) from a financial and index point of view, in order to get the main indicators of the company health and richness (or illness and weakness);
3) it deals with the main extraordinary financial transactions;
4) finally, it hints some problems coming from the relations between financial intermediaries and non-financial industrial companies, which can cause potential failures and defaults.
The program includes lectures, exercises, case-studies and presentations of experts and professionals.
MAIN BOOK: “Principles of Corporate Finance" by RA. Brealey, SC. Myers, F. Allen, original editions (McGraw-Hill) and italian ones (Mondadori), 2014 or others"

OPTIONAL BOOKS:
"Valuation, Measuring and Managing the Value of Companies" by T. Copeland, T. Koller, J. Murrin, ed McKinsey & Company, ed. Wiley
"Investment Valuation", A. Damodaran, ed. Wiley 1996 and following
written
In addition to the final exam, the program includes lectures, case-study, classroom exercises and presentations of experts and professionals, in which the students are asked to participate actively with Q&A sessions.
Most of the lessons are one-way using white board and slides. Whenever possible, it is required and stimulated the inter-active participation of the students to the lessons, in particular during the case-study’s sessions and classroom exercises. Each lesson has a part of theory and a part of practical examples or details taken from real cases.
English
  • Lecture notes, material for reference or for self-assessment available online or as e-book