ID:
504851
Duration (hours):
66
CFU:
9
SSD:
ECONOMIA DEGLI INTERMEDIARI FINANZIARI
Year:
2025
Overview
Date/time interval
Secondo Semestre (16/02/2026 - 23/05/2026)
Syllabus
Course Objectives
Learning Objectives
The course aims to provide students with a solid understanding of the principles and tools of corporate finance, with a specific focus on investment and financing decisions. Students will be able to analyze and evaluate how these decisions contribute to value creation for shareholders. The main financial theories and their applications in real corporate contexts will be discussed, with an emphasis on financial policies and operational management, giving a comprehensive overview of the Chief Financial Officer's responsibilities.
Learning Outcomes:
Knowledge and understanding: Students will gain in-depth knowledge of key corporate finance concepts such as firm valuation, risk and return, capital structure, and market efficiency. They will understand the economic and financial theories underpinning investment and financing decisions.
Applying knowledge and understanding: Students will be able to apply the theoretical concepts learned to solve practical problems related to a company's financial management. They will be capable of analyzing financial data and developing strategies that optimize shareholder value through investment and financing choices.
Making judgments: Students will develop critical thinking skills in the analysis of financial policies and investment decisions. They will be able to independently assess the impact of financial decisions on a company's performance and competitiveness.
Communication skills: Students will be able to clearly and professionally communicate the results of their financial analyses, using appropriate technical language and effectively presenting their recommendations in corporate settings.
Learning skills: Students will develop the ability to learn independently and continuously, acquiring the skills needed to adapt to evolving financial contexts and to face new professional challenges in the financial sector.
The course aims to provide students with a solid understanding of the principles and tools of corporate finance, with a specific focus on investment and financing decisions. Students will be able to analyze and evaluate how these decisions contribute to value creation for shareholders. The main financial theories and their applications in real corporate contexts will be discussed, with an emphasis on financial policies and operational management, giving a comprehensive overview of the Chief Financial Officer's responsibilities.
Learning Outcomes:
Knowledge and understanding: Students will gain in-depth knowledge of key corporate finance concepts such as firm valuation, risk and return, capital structure, and market efficiency. They will understand the economic and financial theories underpinning investment and financing decisions.
Applying knowledge and understanding: Students will be able to apply the theoretical concepts learned to solve practical problems related to a company's financial management. They will be capable of analyzing financial data and developing strategies that optimize shareholder value through investment and financing choices.
Making judgments: Students will develop critical thinking skills in the analysis of financial policies and investment decisions. They will be able to independently assess the impact of financial decisions on a company's performance and competitiveness.
Communication skills: Students will be able to clearly and professionally communicate the results of their financial analyses, using appropriate technical language and effectively presenting their recommendations in corporate settings.
Learning skills: Students will develop the ability to learn independently and continuously, acquiring the skills needed to adapt to evolving financial contexts and to face new professional challenges in the financial sector.
Course Prerequisites
In order to facilitate effective learning, a fundamental understanding of accounting principles, balance sheet reclassification, and basic financial mathematics concepts (including the notion of present value) is requisite. To ensure uniformity within the classroom, an initial review of accounting and balance sheet reclassifications will be conducted, coupled with a reinforcement of basic financial mathematics principles.
Teaching Methods
The course primarily consists of lectures accompanied by PowerPoint slides. It heavily references practical cases and includes testimonials. Students will be provided with materials on Kiro, along with backup video lectures (from previous years), available for streaming only until the end of July.
Assessment Methods
A midterm test is scheduled. The exam is written and consists of 31 multiple-choice questions. The grading scale ranges from 0 to 30 cum laude, with a passing score of 18/30. Each question awards 1 point for a total of 31. The midterm test accounts for 50% of the final grade. The use of a calculator is permitted during the test. No other support materials are allowed. The result of the midterm test will be communicated through the course e-learning page (Kiro). The result of the exam will be communicated through the Esse3 system. Acceptance or rejection of the grade must be in accordance with the current academic regulations of the University. For attending students, an optional project work is available, which can contribute up to 3 points to be added to the final exam grade. The project work score is considered valid exclusively for the summer session following the course delivery (including the july exam session).
Texts
R. BREALEY, S. MYERS, F. ALLEN, Principles of Corporate Finance, McGraw Hill, 2017, 12th edition, ISBN 1259144380
Contents
• Finance and the financial manager.
• Valuing bonds and common stocks.
• Net Present Value and investment decisions.
• Risk, return and the cost of capital.
• Capital budgeting and risk.
• Efficient markets and behavioural finance.
• Payout policy, debt policy and capital structure.
• Valuation
• Valuing bonds and common stocks.
• Net Present Value and investment decisions.
• Risk, return and the cost of capital.
• Capital budgeting and risk.
• Efficient markets and behavioural finance.
• Payout policy, debt policy and capital structure.
• Valuation
Course Language
Italian
Degrees
Degrees
BUSINESS MANAGEMENT
Bachelor’s Degree
3 years
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