Studying at the University of Verona
Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.
Study Plan
This information is intended exclusively for students already enrolled in this course.If you are a new student interested in enrolling, you can find information about the course of study on the course page:
Laurea in Economia e commercio - Enrollment from 2025/2026The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.
1° Year
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2° Year activated in the A.Y. 2022/2023
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3° Year activated in the A.Y. 2023/2024
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2 MODULES TO BE CHOSEN AMONG THE FOLLOWING
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2 MODULES TO BE CHOSEN AMONG THE FOLLOWING
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Legend | Type of training activity (TTA)
TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.
Corporate finance (2022/2023)
Teaching code
4S00495
Academic staff
Coordinator
Credits
9
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-P/09 - CORPORATE FINANCE
Period
Secondo semestre (lauree) dal Feb 20, 2023 al May 31, 2023.
Learning objectives
The course aims to provide knowledge for corporate decisions and is mainly divided into two parts. In the first part, in the perspective of non-financial companies, the characteristics of the net present value in capital budgeting decisions, the choices of financial structure, short and medium-long term financing instruments, dividend policy, international trade financial instruments, instruments for hedging financial risks (exchange rate risk and interest rate risk) are presented. In the second part, the Course aims to provide a general overview of the elements characterizing the financial system, by analysing the structure and functions of the markets, the credit intermediation and securities brokerage services. At the end of the course the student is able to apply the knowledge to make business decisions relating to problems of corporate finance, investments and financing.
Prerequisites and basic notions
The course takes place in the second semester of the second year of the
degree course in Economics and Business. For a fruitful understanding of
the phenomena being studied, the student is required to have knowledge
of the fundamentals of Business Economics, accounting and Business Performance.
Program
The course aims to provide knowledge for corporate decisions and is mainly divided into two parts. In the first part, the Course aims to provide a general overview of the elements characterizing the financial system, by analysing the structure and functions of the markets and the intermediaries.
The second part aims to provide a basic knowledge about investment and financing policies:
- Cash flow analysis: objectives, meaning and implementation;
- Financing instruments
- Economic and financial forecasting: objectives, meaning, correlation with business strategies, assumptions;
- Financial and Operational risk;
- Investment valuation methods: payback period, discounted payback
period, net present value, internal rate of return;
- The quantification of the relevant project cash flows and the related
cash flow statement;
- The weighted average cost of capital (WACC);
- Portfolio risk and return: the diversification effect;
- The Capital asset pricing model and the Security market line;
- The dividend discount model;
- The estimate of the cost of debt;
- The theories of Modigliani Miller without and with taxes;
- Beta levered and unlevered;
- Alternative theories to Modigliani Miller.
Bibliography
Didactic methods
Theoretical lessons and exercises
Learning assessment procedures
Written 90 minutes.
Evaluation criteria
Written examination
Criteria for the composition of the final grade
From 0 to 30
Exam language
Italiano