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CORPORATE FINANCE, Professor Emanuele Bajo CONTACT INFORMATION Lead Instructor: Emanuele Bajo Affiliation: University of Bologna E-mail Address: emanuele.bajo@unibo.it Office Hours: by appointment COURSE OVERVIEW Teaching Hours: 32 Course Content: The course provides a framework for understanding and analyzing investment and financial decisions of corporations. Lectures and readings provide an introduction to present value techniques, capital budgeting, capital structure decisions, corporate cost of capital, initial and seasoned equity offerings and an introduction to corporate risk management. Most of the topics presented during the course will also be analyzed and studied using a case study approach. Teaching Method(s): Class lectures with slides and notes on the board. Some time slots will be devoted to the presentation and the discussion of the assigned case studies. Course Objective: The goal is to provide students with a solid understanding of the major techniques and variables underlying the investment and financing decision of the firm. Students will also learn the main characteristics of Initial public offerings and equity offerings for retail shareholders. COURSE MATERIALS Suggested reading materials: The text for the course is “Corporate Finance: An introduction”, by Ivo Welch, Prentice Hall, 2009 (http://www.afajof.org/SpringboardWebApp/userfiles/afa/file/Free%20Textbooks/Welch-ed1.pdf). In addition to the textbook, three case studies will be distributed during the class period. COURSE EVALUATION Marks are intended on a numerical grade scale (0 to 30), being 18 to 30 the passing grade range. Gaussian-like distribution suggested. As for the grading policy, 40% and 60% will be based on a midterm and a final test, respectively. However, the quality of the class participation will be rewarded with additional points (from 0 to 3).

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Attendance policy: Class attendance is required. Any missing lecture requires a proper justification. The course is designed so to stimulate class interaction and discussion. Most of the insights will emerge during class rather than the simple reading of the required teaching material. A deep understanding of cases can only be achieved through the class discussion and interaction between you and me. GENERAL PLAN OF CLASS MEETINGS AND ASSIGNMENTS The readings can be found in the recommended textbook, while cases will be distributed in class. Dates of Class Meetings with relevant information on daily activities:

Midterm Examination Date: 4 November, from 12 a.m. to 1p.m. Final Examination Date: 10 December, from 10 a.m. to 12 a.m. Final Examination Structure: The exam is closed book. Students need only bring a calculator and writing utensils to class. All information other than your own knowledge will be provided with the exams. Multiple choices; 1or more exercises. DISCLAIMER The information contained in this syllabus may be subject to moderate changes. The course instructor will communicate any modifications to students.