ADVANCED CORPORATE FINANCE
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