Course 2007-2008 a.y.
8204 - ENTREPRENEURSHIP, FINANCE AND INNOVATION
MM-LS - OSI-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - CLEACC-LS - DES-LS - CLEMIT-LS - CLG-LS - M-LS - EMIT-LS
Course taught in English
The aim of the course is to provide students with a deep understanding of the role played by the financial market, and in particular by financial intermediaries, in the creation of new firms, in fostering the development of innovation as well as the commercialization of new business ideas. Particular attention is dedicated to the role played by venture capital.
The presentation of real-world case studies further enhances the link with the best practices observable on the market.
- The sources of entrepreneurs
- The life cycle of the firms and their different financial needs
- Technology and industry evolution: Incumbents vs. new entrants
- The role of capital constraints on firms choices
- Innovation and entrepreneurship: a taxonomy
- Entrepreneurial Finance:
- banks
- angel investors
- venture capital
- opening ownership to the public of investors: Initial public offerings - Regulatory and legal issues: regulations and supervision when investing in non-financial firms
- Corporate entrepreneurship
- Selecting ideas: the relationship between firms and equity investors (business planning, screening process and company valuation)
Recommended Readings:
-
Richard L. Smithe e Janet Kiholm Smith Entrepreneurial Finance, 2nd Edition (J. Wiley and Sons, 2004)
-
Articles from international Journals.
For further and continuously updated information consult the IEP web site or contact S.I.D. - Servizio Informazioni Didattica - Institute of Economics - via Gobbi, 5 - Room 313.