No formal prerequisites, although some basic notions of statistics and financial mathematics are necessary.
The course aims at providign the main instruments necessary to analyze and understand financial decisions of industrial and service companies and the basic tools necessary to critically evaluate corporate investment and financial decisions.
The course provides an introduction to the most important aspects of corporate finance. The objective is to acquire the essential skills necessary to actively deal with the corporate finance activities of a firm. The course explores both investing and financing decisions, focusing on their role in the creation of shareholder value
Introduction to Corporate Finance and corporate governance
Financial statement analysis
Discounted cash flow and value
Risk and capital budgeting
Risk and return: the Capital Asset Pricing Model
Multi-factor models and APT
Cost of capital, beta estimation and determinants of beta
Capital structure and firm value
Cost of capital, firm value and leverage
D. Hiller, S. Ross, R. Westerfield, J. Jaffe, B. Jordan, Corporate Finance, third edition, Mc Graw Hill, 2016, Chapters. 1-13; 15-17.
Lectures, case studies and exercises
Written exam; time available 90 minutes.