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The objectives of the course are:
i. To give students the capacity to understand the theory and the principles of corporate finance
ii. To provide students with a set of operative tools to apply in the business industry
iii. To give students an understanding of finance and the financial decision facing investors and companies
iv. To teach students how to apply clear, logical, and rational analysis to various areas of finance
After completing the course, the students are expected to:
i. Have developed an understanding of the basic and advanced principles of corporate finance
ii. Understand the strategic importance of capital structure and financing decision making
ii. Understand the methodologies and tools for financial planning and financial risk management
iii. Understand current trends of transformation due to finance digitalization
The course is divided into two parts.
1.Corporate finance: Fundamentals (40%)
Capital structure and firm value in the absence/presence of corporate tax
The Trade-off theory
The Pecking Order theory
Payout Policy
Cash Flow Management
2. Capital raising (60%)
Corporate risk management
Business valuation
Valuation of M&A
Corporate governance
Crowdfunding
Peer-to-peer lending
Blockchain-based finance
Initial coin offerings (ICOs)
The course is organized in lectures.
During the lectures, the fundamentals of the discipline will be presented, as well as the main events that characterize the financial markets, developing a dialogue between theory and practice.
The course consists in group works that will be presented during the first lessons of the course. The group works provide for
the application of the theories presented in the course to business cases, and the discussion with the teacher of the results of the analysis. Students taking the group works are not required to do a written exam.
Alternatively, a final written exam consists of questions concerning the theories and cases presented in the course.
The two methods of examination provide the same level of commitment and are prepared in such a way as not to discriminate the outcomes depending on the mode chosen.
The exam rules are the same for both attending students and non-attending students. Therefore non-attending students can also access group work, as long as they are able to share the activity with the students attending.
If this course will be taught remotely, or according to a blend-teaching mode, changes can be implemented with respect to what is stated in the syllabus, to make the course and exams available.