Corporate Financing and Investment Decisions (2020/2021)

Course partially running (all years except the first)

Course code
4S00409
Name of lecturer
Giuliana Borello
Coordinator
Giuliana Borello
Number of ECTS credits allocated
6
Academic sector
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Language of instruction
Italian
Location
VERONA
Period
secondo semestre (lauree) dal Feb 15, 2021 al Jun 1, 2021.

Lesson timetable

Go to lesson schedule

Learning outcomes

The course aims to examine, in the perspective of non financial firms, the principles of corporate finance by deepening 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.
At the end of the lessons, the Student must be able to analyze, interpret and evaluate in a critical and autonomous way the firm’s decisions that have financial implications.

Syllabus

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 costs of borrowing.
The Initial Public Offering (IPO).
The technical forms of medium and long-term financing.
The technical forms of short-term financing.
The dividend policy.
Payment instruments in international trade.
Introduction to Corporate Financial Risk Management.
Fintech.

The teaching methods consist of lectures and examples designed to facilitate the understanding and interpretation of theoretical concepts.

Reference material

In addition to the textbook, Students must also prepare the material loaded on the eLearning page of the course.

With the aim of fruitful learning of the topics covered in the teaching, it is appropriate that the Student has adequate knowledge of the concepts taught in the course of “Financial markets and Institutions”.

Reference books
Author Title Publisher Year ISBN Note
AA.VV. Volume create del corso di "Analisi e copertura dei fabbisogni finanziari" (sedi di Verona e Vicenza - a.a. 2020-21) McGraw-Hill 2021

Assessment methods and criteria

The learning assessment method is written.
The final exam consists of 20 multiple-choice questions and two open questions. The multiple-choice questions aimed at ascertaining the acquisition of fundamental basic concepts and therefore, it is necessary to correctly answer at least 11 out of 20 questions to access a positive evaluation of the entire test.
The two open questions aim at assessing the degree of in-depth analysis of the topics and assessing the capacity for critical analysis. The questions are theoretical questions and/or exercises, which need a comment in order to demonstrate an understanding of the topic. The ability to logically structure the response and mastery of the technical language of the discipline will also be evaluated. Each open question will be evaluated from 0 to 5 points.

Students are given the opportunity to take the mid-term exam structured in the same way the final exam.

Finally, the exams are the same for attending and non-attending students.

IMPORTANT - The teaching methods and learning assessment will be illustrated in detail in the second semester of the academic year 2020/21 and in any case always in compliance with the University guidelines.