CORPORATE BANKING
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Delivery method
- Teaching methods
- Contacts/Info
There are no explicit prerequisites.
Attending students:
A group work/assignment to be presented in class is mandatory. Further details will be available on e-learning platform at the beginning of the course.
The final evaluation is a weighted average of assignment’s score (30%) and a “short” written test’s score (70%). The test is composed of 1 question (up to 4 points, weight equal to 20% of the score), 2 exercises (up to 10 points, 50%) and 4 multiple choice questions (up to 6 points, 30%). The “short” written test takes one hour.
Not attending students:
The final evaluation will be based on a “regular” written test, which takes an hour and a half, with 3 questions (up to 9 points, weight is about 25% of the score), 3 exercises (up to 15 points, 40%) and 8 multiple-choice questions (up to 12 points, 35%).
All scores will be rebased on 30 points.
If, during the academic year 2021/22, due to the restriction measures related to the health emergency, it will not be possible to take face-to-face examinations, a remote test will be carried out via the e-learning platform Moodle.
The structure of the exam, containing closed-ended questions and exercises, will be communicated later.
For passing the exam is necessary to achieve a score of at least 18 points over 30. If the student got the maximum score (30 over 30 points) he will be awarded a final score of 30 over 30 cum laude.
Mid-term exams are not scheduled.
The course analyzes major topics related to corporate financing (financial markets and intermediaries).
The topics are analyzed in the economic perspective of the entrepreneurs.
Learning Outcomes:
At the end of the course students will be able to know and understand the main economic and financial variables used to evaluate different type of funding and their impact on firms’ capital structure.
Moreover, they should be able to make a judgment related to the acceptability of financing decisions and their impact on firm’s value and its risk exposure.
A) FINANCIAL INSTRUMENTS, INTERMEDIARIES AND MARKETS (about 26 hours)
Introduction and overview of corporate financing (about 2 hours)
The role of financial intermediaries and markets (about 2 hours)
Interest rates and securities valuation (about 8 hours)
How financial intermediaries and markets evaluate firms (about 6 hours)
Securities markets: Money and bond markets; Equity markets (about 2 hours)
Derivative securities markets (about 2 hours)
Financial risk management (4 hours)
B) CORPORATE BANKING AND CORPORATE FINANCE (about 8 hours)
Investments’ valuation (about 4 hours)
The estimation of cash-flows (about 2 hours)
Firms’ financial structure and the impact on firms’ valuation (about 2 hours)
C) GROUP’ ASSIGNMENTS (about 6 hours)
The assignment will be based on main topics covered in class.
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Teaching lessons and exercises. The total amount of hours delivered in class is equal to 40.
Lessons and exercises will be face-to-face. Lessons are accessible remotely and broadcast “live” (according to the scheduled timetable) via Microsoft Teams only for foreign students residing abroad awaiting completion of enrollment in the University's courses.
Teaching lessons and exercises will be alternated, analyzing both the theory and operating contents and case studies, when required.
Office Hours: Room #20, first floor, Department of Economics, Via Monte Generoso, 71 – Varese.
Office hours is currently available both face-to-face and remotely, via Microsoft Teams.
See the teacher’s webpage (https://www.uninsubria.it/hpp/andrea.uselli) for the updated calendar.
The reservation is always required.