ADVANCED CORPORATE FINANCE

ADVANCED CORPORATE FINANCE

Arturo Capasso

Instructional goals

The course aims to develop advanced topics in Corporate Finance and in particular: the valuation of companies through financial techniques and multiples; the securities market and the activities of issuing securities and shares, corporate mergers and acquisitions, project finance; private debt and private equity, venture capital, crisis and restructuring of the company.

Intended learning outcomes

Gli studenti dovranno essere in grado di analizzare i dati contabili attuali e prospettici, valutare le diverse soluzioni di finanziamnto, costruire modelli finanziari a suporto di piani industriali e valutazioni d'azienda

Course Contents

Business analysis and valuations. Valuation methodologies based on discounted cash flows. Relative valuation methodologies (multiples). The issuance and placement of securities. Corporate mergers and acquisitions. Project finance. Private debt and private equity. Venture capital. Business crisis and restructuring

Reference Books

Berk J.; DeMarzo P. (4 Ed. Italiana) Pearson 2018

Teaching Methods

Class lecturess, specialized seminars on the use of spreadsheets in financial analysis and valuation. Meetings with guest speakers from the business and banking world

Assessment Method

Midterm exam. Excel Lab Test; Written final exam

Thesis assignment criteria

Midterm written exam Excel test on pc Weitten Final Exam Research project on relevant topic proposal

Week 1

Introductiion to corporarate finance

Week 2

Financial analysis and business planning

Week 3

Capital budgeting

Week 4

Capital budget with leverage

Week 5

Business plan financial modelling

Week 6

Financial markets. Stocks and bonds

Week 7

Debt & Equity Private Markets

Week 8

Financial Debt Instruments and structured finance

Week 9

Risk management

Week 10

Mergers and -Acquisitions: The market for Corporate Control

Week 11

Financial crisis and restructuring

Week 12

The future of corporate finance