- Docente: Emilio Tomasini
- Credits: 6
- SSD: SECS-P/09
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: First cycle degree programme (L) in Internet Sciences (cod. 0100)
Learning outcomes
The course provides an education in the field of the corporate finance decisions not only theoretical but practical with a focus on the critical side of corporate finance. This course is entailed into the broader cultural spectrum which the student in this Faculty has a clear vocation to: Internet economics, computer science and mathematics. This is why a wide room will be dedicated to the trading system design, development, testing and optimization. Trading system is an algorithm that buys and sell automatically financial instruments and goes under the more sophisticated name of quantitative finance. Today trading systems are more and more used to manage the cash of big industrial and financial corporation. The software house Traderlink will offer to the students for free a complimentary subscription to its financial data service in real time and to its programming software Visual Trader (www.visualtrader.it). A deep emphasis will be dedicated to the derivative products like options and futures and a practical seminar will be held on the most effective option strategies.
Course contents
The Firm and the Financial Manager
Who Is the Financial Manager?
The Time Value of Money
Future Values and Compound Interest
Level Cash Flows: Perpetuities and Annuities
Inflation and the Time Value of Money
Financial Planning
Accounting and Finance
The Balance Sheet
Book Values and Market Values
The Income Statement
Profits versus Cash Flow
The Statement of Cash Flows
Working Capital Management and Short-Term Planning
Cash Budgeting
Cash and Inventory Management
Credit Management and Collection
Valuing Bonds
Valuing Stocks
Reorganization
The Dividend Discount Model
Introduction to Risk, Return, and the Opportunity Cost of Capital
Net Present Value and Other Investment Criteria
Using Discounted Cash-Flow Analysis to Make Investment Decisions
Risk, Return, and Capital Budgeting
Why the CAPM Works
The Security Market Line
How Well Does the CAPM Work?
Using the CAPM to Estimate Expected Returns
The Cost of Capital
An Overview of Corporate Financing
Mergers, Acquisitions, and Corporate
Foreign Exchange Markets
Interest Rates and Exchange Rates
The derivative markets: futures and options
How to trade with options, the calendar spread strategy
Design, test an optimization of a trading system
Readings/Bibliography
SUGGESTED READING: “Principi di Finanza Aziendale”, Brealey – Myers – Allen, McGraw Hill, Chapters 1-9, 12-20, 22-24, 26-32, ITALIAN VERSION (not the English one).
Teaching methods
Attendance is recommended to the students.
Assessment methods
A written text with 30 questions
Teaching tools
All the students will get a password to download and use for free
the financial platform www.visualtrader.it
Links to further information
Office hours
See the website of Emilio Tomasini