First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
BUSINESS ADMINISTRATION
Course unit
ADVANCED CORPORATE FINANCE
EPP7077941, A.A. 2018/19

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course Second cycle degree in
BUSINESS ADMINISTRATION
EP2423, Degree course structure A.Y. 2017/18, A.Y. 2018/19
N0
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Degree course track Common track
Number of ECTS credits allocated 9.0
Type of assessment Mark
Course unit English denomination ADVANCED CORPORATE FINANCE
Website of the academic structure http://www.economia.unipd.it
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Branch PADOVA
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Lecturers
Teacher in charge FABIO BUTTIGNON SECS-P/09

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Educational activities in elective or integrative disciplines SECS-P/09 Financial Management 9.0

Course unit organization
Period Second semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Lecture 9.0 63 162.0 No turn

Calendar
Start of activities 25/02/2019
End of activities 14/06/2019

Examination board
Board From To Members of the board
2 Commissione A.A. 2018/19 01/10/2018 30/09/2019 BUTTIGNON FABIO (Presidente)
BALDAN CINZIA (Membro Effettivo)
LANZAVECCHIA ALBERTO (Membro Effettivo)
SAPIENZA ELENA (Membro Effettivo)

Syllabus
Prerequisites: Corporate Finance (Fundamentals of Financial Analysis and Planning, Capital Budgeting, Stock and Bond Valuation, Financial Structure and Dividend Policy)
Accounting (Financial Statements Analysis at a Company's and Consolidated Level)
Business Economics (Fundamentals of Corporate Governance, Strategy and Organization)
Target skills and knowledge: Advanced knowledge and ability in:
- Financial Analysis
- Financial Planning
- Business and Company Valuation
- Merger and Acquisition
- Private Equity and Venture Capital
- Initial Public Offering (IPO)
- Debt Offering
- Corporate and Financial Restructuring
Examination methods: Written exam with questions and exercises.
Intermediate tests during the lectures.
Case study presentation and discussion.
Assessment criteria: The assessment of the students' grounding is based on the understanding of the arguments, on the acquisition of concepts and methodologies proposed and the ability to apply autonomously and consciously
Course unit contents: - Introduction to corporate finance for growth and restructuring
- Foundations of value creation process (measuring and managing the value of companies): profitability and growth.
- Financial Analysis: financial statements reorganization, NOPAT and Free Cash Flow calculation, ratio analysis, rating modelling.
- Financial Planning: business planning and financial planning.
- Firm valuation: analysis and application of discounted cash flow models (DCF), economic profit (EP) or economic value added (EVA), market multiples.
- Value and strategy at business and corporate level: ownership and corporate governance, dynamic business portfolio management.
Mergers and Acquisitions: M&A, business and corporate strategy, the M&A process, M&A valuation, risk management in M&A
- Divestitures: Spin-Offs, Sell-Offs, Carve-Out
- Venture Capital and Private Equity: markets and professional investors, features and management of venture capital and - private equity deals, leveraged buy-out (LBO).
Initial Public Offering (IPO: equity offering (structure and process), price-setting mechanisms, key steps of the IPo process, syndicate structure and functions.
- Debt Offering: bond offerings, process, credit ratings and spread; syndicated loans.
- Corporate Restructuring: road map, workout versus bankruptcy, debt restructuring, turnaround plan and distressed-firm valuation.
Planned learning activities and teaching methods: Lectures
Case Studies
Exercises on Excel
Lectures by professionals of the field
Additional notes about suggested reading: Textbook (parts 1,2,3,4), lectures slides, articles, documents on firm cases (available in the e-learning platform)
Textbooks (and optional supplementary readings)
  • T. Koller, M. Goedhart, D. Wessels, Valuation. New York: John Wiley & Sons, 2015. 6th ed. University edition Cerca nel catalogo
  • G. Iannotta, Investment Banking. Heilderberg: Springer, 2010. Cerca nel catalogo