CORPORATE FINANCE

Single discipline educational activity

Course Sheet

Academic Year of enrolment:

2015/2016

Type of Course:

Characterising

Optional/Mandatory:

Compulsory

Degree:

Bachelor's Degree Programme in ECONOMICS AND MANAGEMENT

Location:

SASSARI

Disciplinary Sector:

Financial Management

Credits:

Programme Year:

Professor and Collaborators:

MAZZEI Roberto

Hours of classroom activity:

Prerequisites:

Students should have a good understanding of general and financial accounting (to be aware of how financial decisions and their results are presented to the reference market) and managerial accounts (to be able to make decisions).
To be more profitable, the course would be useful for students to be up-to-date on topical financial markets, including, above all, reading newspapers such as Il Sole 24 Ore

AF code:

40000509

Assessment Methods

Verification of learning:

written exams, through open questions.

Teaching period

Second semester

Objectives

Provide the student with the knowledge base of Corporate Finance.
In particular, give students the keys to reading for an efficient and effective management of a company's financial resources in order to achieve the goals that this aims.

Contents

Corporate Finance is intrinsically oriented towards the future and based on cash flows. It focuses on collecting financial and performance resources for investors to offer counterparts, focusing on market values as expressed by the financial market.
Part One: Overview (6 Hours)
Introduction to Corporate Finance: Finance Areas: Capital Budgeting Decisions; decisions on Capital structure; Working capital management. The goal of financial management: Maximizing value.
Corporate Governance
Part Two: Value and Capital Budgeting (16 hours)
Financial Analysis: Budget Analysis, Reclassifications, Financial Statement and Long-Term Planning *
Current value and cash flows
Valuation of bonds and shares
Current net asset value and alternative investment choice criteria
Investment decisions
Risk analysis, real options and capital budgeting
* The subject of the financial analysis will be devoted more space than the one provided in the textbook, with other teaching material, which will be provided in lesson and made available on the site

Third Party: Risk (16 hours)
Risk and Performance: lessons from the history of the capital market
Risk and return: the capital asset price model
Risk, capital cost and capital budgeting
Financing decisions and efficiency of capital markets
Long-term financing: an introduction

Part Four: Financial structure and dividend policy (16 hours)
Financial Structure: The Fundamental Principles
Financial structure: the limits on the use of debt
Evaluation and capital budgeting of the indebted undertaking
Dividends and other forms of profit distribution

Recommended Bibliography

Finanza Aziendale
Edizione italiana a cura di Sandro Frova
di: David Hillier, Stephen Ross, Randolph Westerfield, Jeffrey Jaffe e Bradford Jordan
edito da Mc Graw-Hill.

Teaching Methods

Lessons are frontal, through the use of cases and examples, which refer to textbooks.
Exercise sessions are provided on the topics discussed

Contacts/More Information

The teacher is available to receive the students immediately after the lesson

CORPORATE FINANCE

Course year: 2

Course year: 3

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CORPORATE FINANCE