BUSINESS FINANCE

Single discipline educational activity

Course Sheet

Course code:

000164L

Academic Year of enrolment:

2022

Year of supply:

2023/2024

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in BUSINESS ADMINISTRATION

Disciplinary Sector:

Financial Management

Language:

Italian

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

DI MICHELE DOMENICO

Cycle:

Second semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

None

Objectives

The course provides students with the tools of knowledge of the world of corporate finance, as well as a systematic framework related to theoretical and practical methodologies and applications as well as an analysis of operational tools aimed at deepening the degree of knowledge and understanding of economic performance financial institution.
The course offers knowledge of the discipline of sustainable finance and of risk-return analysis and investment in debt capital geared towards sustainability. In particular, it aims to provide the skills to operate also in the field of sustainable finance to develop professionals who analyze and interpret investment information with logics that integrate environmental, social and governance factors in the investment decision-making process.
The course aims to: deepen the aspects, techniques and foundations of corporate financial decisions; to address and analyze the fundamental aspects of corporate finance with particular reference to financial planning; to analyze the investment and financing valuation tools, the choices related to the financial structure, the growth strategies and the creation of value to arrive at the analysis of the strategic aspects of extraordinary finance. In particular, the criteria for assessing the economic viability of the investment projects and the main financing instruments of the company and the issues related to the methods of assessing the economic capital of companies (Discounted cash flow and multiples method) and the techniques will be discussed financial risk management.

Contents

The course aims to: deepen the aspects, techniques and foundations of corporate financial decisions; to address and analyze the fundamental aspects of corporate finance with particular reference to financial planning; to analyze the investment and financing valuation tools, the choices related to the financial structure, the growth strategies and the creation of value to arrive at the analysis of the strategic aspects of extraordinary finance.
The course provides students with a knowledge of the discipline of sustainable finance and of risk-return analysis and investment in debt capital geared towards sustainability. In particular, the course aims to provide the skills to operate also in the field of sustainable finance to develop professionals who analyze and interpret investment information with logics that integrate environmental, social and governance factors in the investment decision-making process.
In particular, the criteria for assessing the economic viability of the investment projects and the main financing instruments of the company and the issues related to the methods of assessing the economic capital of companies (Discounted cash flow and multiples method) and the techniques will be discussed financial risk management. The course also aims to deepen the acquisition processes in strategic and operational aspects.

Extended Syllabus

The course is divided into two modules
MODULE I – (6 CFU)
The 6 CFU module aims to provide a systematic picture of the financial function and financial structure, analysis of financing and investment decisions, analysis of the "risk and debt capital structure", risk-return analysis, analysis of business development needs, the analysis of the value of investments and the strategic motivations of recourse to risk capital and debt capital, the dividend policy. It also has the purpose of dealing with techniques for analyzing financial decisions and collecting information useful for analyzing, reading, understanding the elements collected and assessing the state of the company in the individual profiles (solidity, liquidity, profitability, development and crisis) in overall financial economic terms.
Module contents
-The fundamentals of Corporate Finance
-The objectives of Corporate Finance
-Conflict management
-Risk and return models
-The investment decision and the interdependence between projects
-The structure of capital and the optimal combination of sources
-The dividend policy, the analysis of liquidity to be repaid to shareholders and the construction of cash flows
-Theory and practice of evaluation

MODULE II – (3 CFU)
The 3 CFU module aims to deepen the acquisition processes in the strategic and operational aspects, the growth aspects, the typical advantages of acquisitions, the growth and critical aspects of the process, the management of the negotiation, the transition from value to price , identifying the objectives of sellers and buyers, economic and financial profiles, evaluation of synergies, price analysis, due diligence, restructuring of companies in crisis.
Module contents
-Growth and value creation through acquisition processes: strategic planning and operational management
-External growth as a tool for growth
-The structure of the acquisition process: analysis and strategic assessment
-Analysis of synergies and transition from value to price
-The post acquisition integration phase

Recommended Bibliography

Recommended text books:
- Aswath Damodaran: Corporate Finance, Ed. Apogeo
- Valter Conca, The Acquisitions, And Egea
-- Alessandra Caragnano, Evolution of some metrics in the context of Corporate Finance, Ed Egea.
- Domenico Di Michele: Lecture notes on methods of interpreting company dynamics and on assessing the state of the company.
- Transparencies projected during the course.
Reading and insights:
- Del Giudice A. Sustainable finance. Strategies, market and institutional investors. Ed. Giappichelli; A. Dessy and Jody Vender: Venture Capital and Enterprise Development, Ed EGEA; A. Dessy: Debt Capital and Business Development, Ed. Egea; R. A. Brealey, S C. Myers, S. Sandri: Principles of Corporate Finance, Ed. McGraw-Hill;

Methods of Provision

Conventional

Teaching Methods

Teaching will be provided through lectures

Evaluation methods

Verification of learning:

Both during and at the end of the course, optional written exercises can also be carried out online in order to acquire bonuses to be accumulated for the final vote. The final exam will be oral and will be carried out in pre-established appeals.

Contacts/More Information

Professor: Domenico DI MICHELE
Department: DEC
E-mail: domenico.dimichele@unich.it
Office hours: after class time students are received for further information; for communications use the e-mail address.

Second semester

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree