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B028963 - MOD.II - FIRMS' FINANCING AND FINANCIAL MARKETS (SINGLE MODULE)
Main information
Teaching Language
Course Content
Suggested readings
Learning Objectives
Prerequisites
Teaching Methods
Further information
Type of Assessment
Course program
Academic Year 2018-19
Coorte 2018 - Second Cycle Degree in ECONOMICS AND DEVELOPMENT
Course year
First year - Second Semester
Belonging Department
Economics and Management (DISEI)
Course Type
Single education field course
Scientific Area
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Credits
6
Teaching Hours
48
Teaching Term
25/02/2019 ⇒ 31/05/2019
Attendance required
No
Type of Evaluation
Final Grade
Course Content
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Course program
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Lectureship
Mutuality
Course teached as:
B028629 - MOD.II - FIRMS' FINANCING AND FINANCIAL MARKETS
Second Cycle Degree in ECONOMICS AND DEVELOPMENT
B028629 - MOD.II - FIRMS' FINANCING AND FINANCIAL MARKETS
Second Cycle Degree in ECONOMICS AND DEVELOPMENT
Teaching Language
English
Course Content
The course aims to provide a complete overview of corporate funding strategies. The financial decisions of entrepreneurial firms at various phases of their life cycle will be examined, and the advantages and disadvantages of various sources of financing will be compared.
Suggested readings (Search our library's catalogue)
Saunders A., Cornett M. (2018), Financial Markets and Istitutions. McGraw-Hill, edition: 7. Chapters: 4, 5, 6, 8, 16.
Hillier D., Grinblatt M., Titman S. (2011), Financial Markets and Corporate Strategy: European Edition. Chapters: 1, 2, 3, 14, 17, 21.
There will be the possibility to create an e-book combining the chapters of the two mentioned books.
Other possible study material will be communicated during the course.
Hillier D., Grinblatt M., Titman S. (2011), Financial Markets and Corporate Strategy: European Edition. Chapters: 1, 2, 3, 14, 17, 21.
There will be the possibility to create an e-book combining the chapters of the two mentioned books.
Other possible study material will be communicated during the course.
Learning Objectives
The course has the following objectives:
- Strengthen the knowledge about financial system, role of the European Central Bank and monetary policy in affecting the financial markets, theory of financial intermediations and market efficiency.
- Strengthen the skills associated with the comprehension of the firm funding strategies, distinguishing between market funding and bank debt.
- Make available logical assessment of the cost of bank debt.
- Strengthen the knowledge about financial system, role of the European Central Bank and monetary policy in affecting the financial markets, theory of financial intermediations and market efficiency.
- Strengthen the skills associated with the comprehension of the firm funding strategies, distinguishing between market funding and bank debt.
- Make available logical assessment of the cost of bank debt.
Prerequisites
Suggested: fundamentals of financial intermediaries
Teaching Methods
The course is made up of lectures and debates and resolutions of case studies. Furthermore, seminars and individual project works are planned.
Further information
No
Type of Assessment
For students who attend lessons: Group work + Written exam (essays and multiple choices questions).
For those who do not attend lessons: written exam, composed of two parts, with essays and multiple choices questions.
For those who do not attend lessons: written exam, composed of two parts, with essays and multiple choices questions.
Course program
The course is structured in three parts:
a) The first part focuses on the financial system in general, analyzing the role of the European Central Bank and the monetary policy in affecting the financial markets, and then tackle the issues related to the theory of financial intermediations and market efficiency.
b) The second part of the course focuses on the firm funding strategies, distinguishing between market funding and bank debt. After analyzing the company life cycle, the course studies in deep the stock and the bond market: how they work and what they are for; the role of investment banks in the IPO operation and in the issue of bonds. Secondly, it investigates the role of some important market players involved in certain phases of business life cycle, such as business angel and venture capital.
c) The last part of the course analyses the bank-company relationship and bank debt. In particular, the documentation that companies must provide to banks and the credit rating as a fundamental element in determining the cost of bank debt will be analyzed.
a) The first part focuses on the financial system in general, analyzing the role of the European Central Bank and the monetary policy in affecting the financial markets, and then tackle the issues related to the theory of financial intermediations and market efficiency.
b) The second part of the course focuses on the firm funding strategies, distinguishing between market funding and bank debt. After analyzing the company life cycle, the course studies in deep the stock and the bond market: how they work and what they are for; the role of investment banks in the IPO operation and in the issue of bonds. Secondly, it investigates the role of some important market players involved in certain phases of business life cycle, such as business angel and venture capital.
c) The last part of the course analyses the bank-company relationship and bank debt. In particular, the documentation that companies must provide to banks and the credit rating as a fundamental element in determining the cost of bank debt will be analyzed.