Course 2011-2012 a.y.

Go to class group/s: 31 - 32

CLEAM (6 credits - II sem. - OP  |  3 credits SECS-P/09  |  3 credits SECS-P/11) - CLEF (6 credits - II sem. - OP  |  3 credits SECS-P/09  |  3 credits SECS-P/11) - BESS-CLES (6 credits - II sem. - OP  |  3 credits SECS-P/09  |  3 credits SECS-P/11) - BIEMF (6 credits - II sem. - OP  |  3 credits SECS-P/09  |  3 credits SECS-P/11)

Course Director:
PER LINUS SIMING

Course Objectives

The aim of this course is to give a very broad picture of international finance management moving from the needs of the firm in terms of financing and corporate advisory services (demand-side approach) to the analysis of investment banking offerings (supply-side approach). The first part of the course covers crucial topics of corporate finance, such as the demand for equity and debt financing, and the market for corporate control. The second and main part focuses on the investment bank’s organizational structure and the products it offers such as merger and acquisition advisory services, issuance of securities, sales and trading, asset and wealth management. The whole structure of the course is applied, involves several real-world cases that are discussed in class, and is oriented to develop capabilities to understand and use methodologies and practices used on global financial markets.

Course Content Summary

• Firms’ demand for external financing
• The market for corporate control
• The business system of investment banking:
• Financing services undertaken by investment banks
• Corporate finance advisory services
• Client related trading and proprietary trading
• Asset management, wealth management and research services
• Regulation and supervision of the investment banking industry
• Investment banking in an international perspective
• Recent Wall Street innovations

Detailed Description of Assessment Methods

Course assessment for all students is based on one written exam at the end of the term.

Textbooks

• D.P. STOWELL, An Introduction to Investment Banks, Hedge Funds, and Private Equity: The New Paradigm, Academic Press, Elsevier Inc, 2010.  
• R.A. BREALEY, S.C. MYERS, F. ALLEN, Principles of Corporate Finance, McGraw-Hill Companies. You can use either the 10th edition (2010) or the 9th edition (2007).

Exam textbooks & Online Articles (check availability at the Library)

Prerequisites

This course requires basic knowledge of corporate finance and corporate valuation.

Last change 29/06/2011 17:28