ID:
M170
Tipo Insegnamento:
Obbligatorio
Durata (ore):
60
CFU:
8
SSD:
FINANZA AZIENDALE
Url:
AMMINISTRAZIONE, FINANZA E CONTROLLO/BASE Anno: 1
Anno:
2023
Dati Generali
Periodo Di Attività
Secondo Semestre (05/02/2024 - 04/05/2024)
Syllabus
Obiettivi Formativi
The course has the objective to lead students to build operative,Excelbased models for capital budgeting decisions, bond and stock valuation,
calculation of the cost of capital, company valuation. To reach this
objective, the course will strengthen the theoretical and methodological
bases of the students and present data cases to apply theories and
methods to real world problems.
calculation of the cost of capital, company valuation. To reach this
objective, the course will strengthen the theoretical and methodological
bases of the students and present data cases to apply theories and
methods to real world problems.
Prerequisiti
Student should have a good understanding of:
- Financial Mathematics and quantitative methods
- Accounting and performance measurement
- Basics of capital budgeting
- Cost of capital
- Financial structure
- Excel function
Students can refer to Corporate Finance Pre-Course available at Luiss Learn.
- Financial Mathematics and quantitative methods
- Accounting and performance measurement
- Basics of capital budgeting
- Cost of capital
- Financial structure
- Excel function
Students can refer to Corporate Finance Pre-Course available at Luiss Learn.
Metodi Didattici
The course is structured into online and on campus sessions focused on the following learning levels:
• Theory: the presentation of the main financial issues, rules and techniques
• Applied theory, that is a focus on practical application of the financial rules in real contexts
• Practice, that is, the ability to solve financial problems and to test the techniques presented.
In addition to that, classroom exercises, data cases, assignments and external professional guests will complete the educational offer.
In details, sessions will focus on:
- traditional lectures
- individual exercices
- cases studies
- presentations and assignments
- computer lab sessions
• Theory: the presentation of the main financial issues, rules and techniques
• Applied theory, that is a focus on practical application of the financial rules in real contexts
• Practice, that is, the ability to solve financial problems and to test the techniques presented.
In addition to that, classroom exercises, data cases, assignments and external professional guests will complete the educational offer.
In details, sessions will focus on:
- traditional lectures
- individual exercices
- cases studies
- presentations and assignments
- computer lab sessions
Verifica Apprendimento
Student's assessment is composed by
- Final Written Exam (30%)
- Mid term Exam (30%)
- project work (40%)
The written exam is targeted at appraising the theoretical and practical comprehension of the topics covered. The evaluation will be based on the
assessment of the knowledge of the theoretical contents and on the students capability to apply them for the solution of practical financial
problems, multiple choice questions and open questions. Students’ participation during lectures is strongly encouraged.
Detailed info will be available during the first session of the course
- Final Written Exam (30%)
- Mid term Exam (30%)
- project work (40%)
The written exam is targeted at appraising the theoretical and practical comprehension of the topics covered. The evaluation will be based on the
assessment of the knowledge of the theoretical contents and on the students capability to apply them for the solution of practical financial
problems, multiple choice questions and open questions. Students’ participation during lectures is strongly encouraged.
Detailed info will be available during the first session of the course
Testi
Berk, J., & DeMarzo, P. (2020). Corporate Finance (Fifth, Global Ed.). Pearson
link: https://luiss.alma.exlibrisgroup.com/discovery/openurl?institution=39LLUISSGC_INST&rfr_id=info:sid%2Fsummon&rft_dat=ie%3D5174578570004196,language%3DEN&svc_dat=CTO&u.ignore_date_coverage=true&vid=39LLUISSGC_INST:Services
link: https://luiss.alma.exlibrisgroup.com/discovery/openurl?institution=39LLUISSGC_INST&rfr_id=info:sid%2Fsummon&rft_dat=ie%3D5174578570004196,language%3DEN&svc_dat=CTO&u.ignore_date_coverage=true&vid=39LLUISSGC_INST:Services
Contenuti
ADVANCED CAPITAL BUDGETING
1) Free cash flow models
2) Sensitivity analysis
VALUING BONDS AND STOCKS
1) Valuing bonds
2) Valuing stocks
RISK AND THE COST OF CAPITAL
1) Capital markets and the pricing of risk
2) Applications and estimation of Capital asset pricing model
CAPITAL STRUCTURE AND VALUATION
1) WACC
2) Adjusted Present Value
3)Flow to Equity
4) Business Valuation
1) Free cash flow models
2) Sensitivity analysis
VALUING BONDS AND STOCKS
1) Valuing bonds
2) Valuing stocks
RISK AND THE COST OF CAPITAL
1) Capital markets and the pricing of risk
2) Applications and estimation of Capital asset pricing model
CAPITAL STRUCTURE AND VALUATION
1) WACC
2) Adjusted Present Value
3)Flow to Equity
4) Business Valuation
Risultati Di Apprendimento Attesi
Knowledge and understanding
The course will strengthen the theoretical and methodological foundations of advanced topics in corporate finance. It will offer also
practical tools to manage real financial problems.
Applying knowledge and understanding
Students will be able to assess the role of the financial manager and the impact of his decisions on company’s value creation process, to apply
Investment decision making techniques, within different scenarios and uncertainty; to apply the main analytical tools, functions and online
resources for business and financial modeling.
Making judgements
Students are expected to acquire the ability to collect and interpret real financial data in order to deal with investment decision analysis and to
judge company’s value creation process. The Course will lead students to solve and manage real business cases both at Corporate and Business
levels.
Communications Skills
Students will develop the ability to communicate the problem solving and the financial analysis both in written form (texts and exercises) and in
oral form by attending individual and group teaching activities. The enhancement of written and oral communication skills will be also
encouraged by the optional participation in group work and business cases’ analysis during the Course. The communication skills will in
particular be oriented to the critical analysis and solution of financial management problems within the company in different economic and
business contexts, as well as to the development of active and critical comparisons with respect to the business issues addressed.
Learning skills
Students will acquire the knowledge and analysis tools that will allow them to deal with financial problems in a complex and dynamic context.
Students will acquire the basic theoretical and practical knowledge to act as independent financial analyst. They will be able to develop
discernment skills of the various problems relating to investments and the acquisition of financial resources by companies following strictly
financial logics; these skills will be preparatory to the development of further advanced specialized knowledge which can be acquired through
both further studies foreseen in the Degree Program and the learning experiences in the workplace.
The course will strengthen the theoretical and methodological foundations of advanced topics in corporate finance. It will offer also
practical tools to manage real financial problems.
Applying knowledge and understanding
Students will be able to assess the role of the financial manager and the impact of his decisions on company’s value creation process, to apply
Investment decision making techniques, within different scenarios and uncertainty; to apply the main analytical tools, functions and online
resources for business and financial modeling.
Making judgements
Students are expected to acquire the ability to collect and interpret real financial data in order to deal with investment decision analysis and to
judge company’s value creation process. The Course will lead students to solve and manage real business cases both at Corporate and Business
levels.
Communications Skills
Students will develop the ability to communicate the problem solving and the financial analysis both in written form (texts and exercises) and in
oral form by attending individual and group teaching activities. The enhancement of written and oral communication skills will be also
encouraged by the optional participation in group work and business cases’ analysis during the Course. The communication skills will in
particular be oriented to the critical analysis and solution of financial management problems within the company in different economic and
business contexts, as well as to the development of active and critical comparisons with respect to the business issues addressed.
Learning skills
Students will acquire the knowledge and analysis tools that will allow them to deal with financial problems in a complex and dynamic context.
Students will acquire the basic theoretical and practical knowledge to act as independent financial analyst. They will be able to develop
discernment skills of the various problems relating to investments and the acquisition of financial resources by companies following strictly
financial logics; these skills will be preparatory to the development of further advanced specialized knowledge which can be acquired through
both further studies foreseen in the Degree Program and the learning experiences in the workplace.
Criteri Necessari Per L'assegnazione Del Lavoro Finale
Only students that have passed the exam can apply for the "thesis assignment process"
Students have to prepare a research proposal based on a short presentation
(maximum 3000 words
in .doc) which must include:
- Object (research question, business scope/market or industry/product or
service)
- Research objective
- Literature review
- Main contribution of the research
- Research Method/Data Collection
Proposals should be submitted not later than 2 weeks before the administrative deadline for thesis assignment set by the University
Students have to prepare a research proposal based on a short presentation
(maximum 3000 words
in .doc) which must include:
- Object (research question, business scope/market or industry/product or
service)
- Research objective
- Literature review
- Main contribution of the research
- Research Method/Data Collection
Proposals should be submitted not later than 2 weeks before the administrative deadline for thesis assignment set by the University
Corsi
Corsi
AMMINISTRAZIONE, FINANZA E CONTROLLO
Laurea Magistrale
2 anni
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