Corporate Financing and Investment Decisions (2020/2021)

Course partially running (all years except the first)

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

Lesson timetable

Go to lesson schedule

Learning outcomes

This 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 topic of crowdfunding is 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 the 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.
The patent box.

Reference material

In addition to the textbook, Students must also prepare the material loaded on the elearning page of the course.
With the aim to a fruitful learning of the topics covered in the teaching it is appropriate that the Schoolgirls and Students have an 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 teaching methods and assessment of learning will be illustrated as soon as there is more information on the context rules necessary to resolve the provision of teaching in the next academic year.