CORPORATE FINANCE AND FINANCIAL INNOVATION | Università degli studi di Bergamo - Didattica e Rubrica

CORPORATE FINANCE AND FINANCIAL INNOVATION

Attività formativa monodisciplinare
Codice dell'attività formativa: 
164007-ENG

Scheda dell'insegnamento

Per studenti immatricolati al 1° anno a.a.: 
2021/2022
Insegnamento (nome in italiano): 
CORPORATE FINANCE AND FINANCIAL INNOVATION
Insegnamento (nome in inglese): 
CORPORATE FINANCE AND FINANCIAL INNOVATION
Tipo di attività formativa: 
Attività formativa Affine/Integrativa
Tipo di insegnamento: 
Obbligatoria
Settore disciplinare: 
FINANZA AZIENDALE (SECS-P/09)
Anno di corso: 
1
Anno accademico di offerta: 
2021/2022
Crediti: 
9
Responsabile della didattica: 
Mutuazioni

Altre informazioni sull'insegnamento

Modalità di erogazione: 
Didattica Convenzionale
Lingua: 
Inglese
Ciclo: 
Secondo Semestre
Obbligo di frequenza: 
No
Ore di attività frontale: 
72
Ore di studio individuale: 
153
Ambito: 
Attività formative affini o integrative
Prerequisites

None

Educational goals

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
iii. Understand how companies and entrepreneurial ventures raise external finance
iv. Understand current trends of transformation due to finance digitalization

Course content

The 9 CFU course consists of three parts (Capital structure 20%, Capital raising 50%, Corporate governance and valuation 30%), while the 6 CFU course consists of two parts (Capital structure 30%, Capital raising 70%).

1.Capital structure

Capital structure and firm value in the absence/presence of corporate tax
Modigliani-Miller Models
The Trade-off theory
The Pecking Order theory
Payout Policy

2. Capital raising

Venture Capital
Private Equity
Business Angels
Initial Public Offerings
Crowdfunding
Initial coin offerings (ICOs)

3. Corporate governance and Valuation

Business valuation
Merger & Acquisitions
Corporate governance

Teaching methods

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.

Assessment and Evaluation

The course consists in group works and individual assignments 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 professor 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.

Further information

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.