ECONOMICS AND FINANCE OF MULTINATIONAL CORPORATIONS
Stampa
Enrollment year
2020/2021
Academic year
2020/2021
Regulations
DM270
Academic discipline
SECS-P/08 (CORPORATE FINANCE)
Department
DEPARTMENT OF ECONOMICS AND MANAGEMENT
Course
ECONOMICS, FINANCE AND INTERNATIONAL INTEGRATION
Curriculum
Finance
Year of study
Period
1st semester (28/09/2020 - 22/12/2020)
ECTS
9
Lesson hours
66 lesson hours
Language
English
Activity type
WRITTEN TEST
Teacher
COTTA RAMUSINO ENRICO (titolare) - 9 ECTS
Prerequisites
Students should have basic knowledge of accounting and corporate finance. In any case, recap of topics necessary for the course is made in the beginning sessions.
Learning outcomes
The course has two main objectives.
On one side to illustrate the topic of firm valuation.
On the other to give an idea of financial instruments negotiated in financial markets, grouped in asset classes.
At the end of the course, students will be able to operate the valuation of a firm using the DCF and market multiples.
At the same time, students should be able, at the end of the course, to understand the main features of the most important asset classes.
Course contents
Portfolio theory and CAPM.
Cost of equity, cost of debt and weighted average cost of capital.
CAPM parameters estimation.
The DCF approach to firm valuation.
Market multiples and their use in fimr valuation.
Asset Classes (Money Market Instruments, Bonds, Equities, Derivatives, forex)).
Teaching methods
Lectures will be supported by exercises through which it will be possible to verify, on a regular basis, the learning process. Relevant guests coming from the professional world will participate in the course teaching for a number of sessions.
Reccomended or required readings
Teaching notes are made available for students on a regular basis, including exercises.
A reading list will be provided at the beginning of the course
Assessment methods
The exam is written. It consists of a number of questions between 6 and 8. The most of them are exercises and problems that students must solve on the basis of concepts learnt during the course. The aim of the exam is to test the ability to apply knowledge to practical problems.
Further information
Exam grade average: 26.2
Sustainable development goals - Agenda 2030