Instructional goals
The course aims to explore advanced topics of corporate finance dealing with; business valuation, relative valuation (multiples); capital market and the issuance of debt and equity securities; mergers and acquisitions; project financing; private debt and private equity; venture capital; corporate restructuring
Prerequisites
Knowledge of basic financial mathematics techniques; net present value, investment valuation models.
Intended learning outcomes
Students will be able to analyze current and future accounting data, evaluate the various financing solutions, build financial models to evaluate business plans and perfom company valuations.
Course Contents
Business analysis and valuation. Discounted cash-flow tecniques. Relative valuation (multiples). Capital market and the issuance of debt and equity securities. Mergers and acquisitions. Project financing. Private debt and private Equity. Venture capital. Corporate restructuring
Reference Books
Berk J.; DeMarzo P. (4 Ed. Italiana) Pearson 2018
Teaching Methods
Mergers and acquisitions
Assessment Method
Financial restructuring
Thesis assignment criteria
Research project
proposal
Excellent performance during the course
Does the syllabus cover sustainability topics?
ESG metrics and the impact on cost of capital and economic value
Week 1 Contenuto sessioni on line e on campus
Introduction to Corporate Finance. Review of financial analysis and business planning
Week 2 Contenuto sessioni on line e on campus
Capital Budgeting Principles and Tecniques
Week 3 Contenuto sessioni on line e on campus
Capital budgeting with debt financing
Week 4 Contenuto sessioni on line e on campus
Design and management of financial plans
Week 5 Contenuto sessioni on line e on campus
Public markets for debt and equity securities
Week 6 Contenuto sessioni on line e on campus
Private markets for debt and equity
Week 7 Contenuto sessioni on line e on campus
La stima del costo del capitale
Week 8 Contenuto sessioni on line e on campus
Debt contracts and financial engineering
Week 10 Contenuto sessioni on line e on campus
Cost of capital analysis and assessment
Week 11 Contenuto sessioni on line e on campus
Financial Structure decisions
Week 12 Contenuto sessioni on line e on campus
Financial model and business valuation: a case study