- Docente: Emanuele Bajo
- Credits: 8
- SSD: SECS-P/09
- Language: Italian
- Moduli: Emanuele Bajo (Modulo 1) Marco Bigelli (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Bologna
- Corso: First cycle degree programme (L) in Management and Marketing (cod. 8406)
Learning outcomes
The objective of this course is to discuss the most important financial decisions of a firm, that are financing and investment decisions. Firm decisions are considered under the hypothesis of value maximization for shareholders. Topics are presented considering the relationship between the firm and financial markets. These are not only places where companies raise capital for undertaking their investments, but also a way to measure firm performances (stock prices).
Course contents
Financial Planning and Analyzing financial performance
Capital budgeting (NPV, IRR .. )
Portfolio theory and CAPM
Capital budgeting and risk (asset beta and equity beta)
Financing decisions
Capital issuing (seasoned equity offer, IPOs and venture
capital)
Readings/Bibliography
R. Brealey, S. Myers, F. Allena, S.
Sandri, Principi di Finanza Aziendale, settima edizione, McGraw Hill
Libri Italia, 2014
E. Bajo, M. Barbi e S. Sandri, Esercizi di Finanza Aziendale, Apogeo (2017). This book contains
a collection of solved past exams.
Assessment methods
Valuation is based on a written exam. Two exercises, multiple
choices and one open question.
Office hours
See the website of Emanuele Bajo
See the website of Marco Bigelli