Massimiliano Barbi is an Associate Professor of Corporate Finance at the University of Bologna. He received his PhD from the Catholic University of Milan, with a dissertation on equity warrant pricing. He was Visiting PhD Candidate at the Birkbeck University of London, and Associate Lecturer of Risk Management at the Leeds University Business School. His research interests embrace asset pricing theory applied to corporate finance, risk management and derivatives, corporate valuation, corporate governance, and household finance, and he published on these topics several papers appeared in international finance journal, such as the Journal of Banking and Finance, the North American Journal of Economics and Finance, the European Journal of Finance, Quantitative Finance, the Journal of Futures Markets, Applied Financial Economics, Applied Economics, and the Journal of Financial Management, Markets and Institutions.
CORE COURSE - Corporate finance is one of the areas closest to the strategic management of a company. It comes into play in investment and financing decisionmaking and in extraordinary operations. The course provides the basic theoretical and methodological tools necessary to evaluate investment decisions, determine company capital costs, optimize the choice of financial structures, evaluate companies, operation of companies, how the principle tools to aquire risk capital work, the detection of the main areas for corporate governance and its implications vis-à-vis the company’s objectives, the main financial risks and the derivatives used to cover them.
This course will provide students with an overview of financial markets and the valuation of securities. The course will start presenting the financial system and a taxonomy of the type of securities traded in financial markets. The single asset classes will be then studied, including fixed-income and money market securities, equity instruments, mutual funds, financial derivatives, and hybrids.
The main purpose of the course is to give students an introduction to the key analytical tools necessary to effectively pursue the core courses. The course provides a survey of fundamental tools for analyzing financial and managerial problems including time value of money, elements of financial analysis, discounting, data analysis and basics of statistics and econometrics.