Vai al contenuto principale
Oggetto:
Oggetto:

CAPITAL MARKETS AND CORPORATE FINANCE - MODULO MANAGERIAL CORPORATE FINANCE

Oggetto:

Capital Markets and Corporate Finance - Modulo Managerial Corporate Finance

Oggetto:

Academic year 2015/2016

Course ID
ECO0127B
Teacher
Prof. Bernardo Bortolotti (Titolare del corso)
Year
1° anno
Type
Caratterizzante
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/08 - economia e gestione delle imprese
Delivery
Tradizionale
Language
Inglese
Attendance
Facoltativa
Type of examination
Orale
Oggetto:

Sommario del corso

Oggetto:

Course objectives

This course focuses on financial decision making from the vintage point of a corporate manager. The emphasis is on the theory and analytical tools related to real-world decision making. The topics covered will include capital budgeting, capital structure, payout policy, long-term and short-term financing, mergers and acquisitions, distress and bankruptcy, and, time permitting, venture capital and private equity. The course is based on the assumption that students have completed an introductory course in finance and mastered its contents. In particular, students should be familiar with the concepts and applications related to time value of money, stock and bond valuation, risk-return tradeoff and the capital asset pricing model. Students who do not feel comfortable with the above material should review chapter 3, 4, 5, and 6 of the course textbook (see below) during the first week of the semester.

Oggetto:

Results of learning outcomes

The course aims at building on student’s knowledge acquired in previous classes and to provide the students with a toolset that is focused mostly on the internal corporate finance function. The goal of the course is to provide students with a framework to apply to decision making when facing decisions pertinent to the financial arena as a corporate manager. The objective of the course is to enable students to (1) discuss and assess the options available to managers under specific scenarios, (2) explain how each scenario fits within current corporate finance theory, (3) identify and apply the specific tools and techniques that aid in decision making, and (4) provide recommendations based on the insights gained in the applications of these tools.

Oggetto:

Course delivery

Oggetto:

Learning assessment methods

Exams will be a mixture of multiple-choice questions, open-ended questions, and quantitative problems. For quantitative problems, you will need to show your work (the final answer is not enough). Exams are NOT open book/notes. The quantitative problems on exams will resemble those on the homework assignments.

Calculators and Other Equipment on Exams: You can use calculators – simple or financial – in class. If you are in doubt about your ‘device’, please come see me before the first exam. No other devices are going to be allowed during exams – no phones, laptops, tablets, etc.

Oggetto:

Program

Capital Budgeting – Intro and Theory

Capital Budgeting – Processes and Techniques

Capital Budgeting – Cost of Capital and Project Risk

Capital Budgeting – Real World Leverage and Budgeting

Payout Policy

Long-Term Financing

Short-Term Financing

Mergers, Acquisitions, Governance

Venture Capital and Private Equity

Bankruptcy and Distress

Textbook Chapters Covered:

-          Chapter 7

-          Chapter 9

-          Sections 11.1, 11.2

-          Chapter 12

-          Chapter 13

-          Chapter 14

-          Chapter 15

-          Sections 11.3, 11.4, 11.5

-          Chapter 16

-          Chapter 17

-          Chapter 21

-          Chapter 22

-          Chapter 23

-          Chapter 24

Suggested readings and bibliography

Oggetto:

The lecture slides are outlines of the lectures, not complete notes. They will be posted ahead of each lecture (I will do my best to have them there at least 24 hours in advance). I recommend you download those ahead of class – print them or store them on your PCs, as you prefer.

The textbook we will use in class is:

Corporate Finance, 3rd Edition (South-Western Publishing, Cincinnati; 2010)

John R. Graham, Scott B. Smart, and William L. Megginson

ISBN-10: 0324782918; ISBN-13: 9780324782912 

 

Additional reading material may be assigned and discussed as the semester proceeds and it will include academic papers and articles from the press. Electronic version of the reading material or links and download instructions will be provided on CAMPUSNET. The content of the additional readings is considered optional – with the exception of the material that overlaps with the content of class lectures – but I might offer extra-credit questions on exams based on such content.



Oggetto:
Last update: 21/10/2015 12:42
Non cliccare qui!