Finanza aziendale e gestione dei progetti - ENG

CORPORATE FINANCE AND PROJECT MANAGEMENT

Prof. Anna Menozzi

Course code: E0358
Subject code: SSD SECS-P/09
8 ECTS – 64 hours
Location: Novara

Educational aims

Recent financial markets and real economy trends have changed the competition rules and led to a deep financial reorganization, aimed, among other things, to pay greater attention to shareholders. Development implies value creation, that is, a process of growth in which the return of any investment is greater than its opportunity cost. This course in corporate finance focuses on the “internal growth” process a firm may realize through industrial investments. Firms must decide on the specific investments they will undertake (capital budgeting) and on the resources they may rely on (financing decisions). The last part of the course is devoted to the project management techniques.

Contents of the course

Firm: real and financial aspects, what’s “value”, cash flows, industrial investment evaluation techniques, cost of capital, capital structure and project value, operational aspects related to the investment decisions, project management

Prerequisites

A deep knowledge of financial statements is expected. Having paased the “Economia e Gestione delle Imprese” course is not mandatory but highly recommended.

Course texts

Erbetta F., Fraquelli G., 2007, Finanza Aziendale. Strumenti per le scelte di investimento, Casa Editrice Ambrosiana, Milano.

For further information, please check over the course on D.I.R. at:

https://eco.dir.unipmn.it/login/index.php

Teaching methods

Teacher-led lessons (theory and exercises).

Attendance

Course attendance is not mandatory but it is highly recommended.

Examination

In-class written exam divided in two parts: theory (up to 14/30) and exercises (up to 16/30). Students may also take an oral exam, which is optional if the grade obtained in the written test is above 18/30 and mandatory for grades between 15/30 and 18/30. Students may renounce to take the test during the first 30’ of the exam. Students may take the exam up to 4 times in the exam sessions June/July 2013, September 2013, January/February 2014. No intermediate tests are scheduled.