ECTS - University of Pisa
Scheda programma d'esame
CORPORATE FINANCE
EMANUELE TETI
Academic year2022/23
CourseMANAGEMENT FOR BUSINESS AND ECONOMICS
Code538PP
Credits6
PeriodSemester 1
LanguageEnglish

ModulesAreaTypeHoursTeacher(s)
CORPORATE FINANCESECS-P/09LEZIONI42
FRANK ANDREAS SCHITTENHELM unimap
EMANUELE TETI unimap
Programma non disponibile nella lingua selezionata
Learning outcomes
Knowledge

The course has the main objective to introduce the students to financial management, dealing with the main topics of corporate finance; financial analysis, financial planning, capital budgeting, project analysis and evaluation, financing policy and capital structure choices, and portfolio investment strategies.
Assessment criteria of knowledge

To ascertain the knowledge, tests and simulations of the exam will be carried out. Different exercises will accompany the explanation of theoretical concepts.
Skills

At the end of the course:

  • The students should interpret a financial statment from a risk analysis perspective
  • The studies should be able to evaluate investments through the instruments of capital budgeting
  • The students should be able to use the tools to analyse the effects of financing policies on the process of value creation
Assessment criteria of skills

Different exercises and cases will be provided
Behaviors

The students can acquire the knowledge and sensitivity to interpret the financial management issues of companies.
Assessment criteria of behaviors

During self-assessment test the strategic implications of financial nature decisions will be analyzed
Prerequisites

Some basic knowledge of accounting – how a financial statement is set up – is necessary
Syllabus
  1. Financial Analysis
    1. Reassessment of income statement and balance sheet
    2. Ratios
    3. Cash flow statements
    4. Financial planning and cash management
  2. Investment Criteria
    1. The NPV Criterion
    2. The Internal Rate of Return
    3. The Annuity Method
    4. The Discounted Payback Rule
  3. Project Analysis and Evaluation
    1. Weighted Average Cost of Capital
    2. Risk Measures
  4. Sources of Finance: Equity
    1. Early Stage Financing
    2. Stock Markets
    3. Dividends
  5. Sources of Finance: Debt
    1. Working Capital Management
    2. Leverage Effect
    3. Bonds
  6. Financial Management of a MNC
    1. International Equity and Debt Financing
    2. International Capital Structure
    3. International Capital Budgeting
  7. Portfolio Investment Strategies
    1. Portfolio Theory and Diversification
    2. Financial Derivatives
Bibliography

Hillier/Ross/Westerfield/Jordan: Fundamentals of Corporate Finance, Irwin McGraw-Hill (Selected chapters)

Exercises provided by the instructors
Assessment methods

Written exam with multiple choice questions
Updated: 14/09/2022 11:45