CORPORATE AND INVESTMENT BANKING
The module aims to investigate both the characteristics and the activities of the operators specialized in investment banking. More specifically, the module is based on the finance for real economy by identifying the appropriate financial instruments and solutions for business growth. At the end of the module, the students will be able to identify the main issues of ownership structure and the tools used for their resolution. The students will also gain knowledge regarding the main alternatives to bank financing, as well as the role of large players in both corporate finance transactions and structured finance.
No one. However, it certainly helps the knowledge of bank- and corporate balance-sheet.
The module can be divided into 2 units, the duration of which depends on the degree of preparation of the students and on the level of assimilation that they show. The 2 units have the following articulation and average duration:
First teaching unit (24h):
Historical insights on the origin and development of investment banking; The market structure of the corporate and investment banking services; Investment banking and corporate governance issues; Business valuation; Private equity: financial advisory services; Venture capital and financing for growth.
Second teaching unit (24h):
The initial public offering and the role of banks; Debt transactions: corporate bonds and syndicated loans; The mezzanine finance; Restructuring operations; Business acquisitions and the role of banks; Leveraged buy-out; Firm restructuring and the role of banks; Credit: evolution and innovation in evaluation criteria; Project finance; Securitization; Synthetic securitisations.
Active lectures aimed to improve both knowledge and understanding of the students. In order to strengthen the communicative skills, students are encouraged to actively participate to the discussion with questions and considerations.
Exercises aimed to develop application and problem solving skills. The exercises mainly deal with M&A and business valuation through simulations and real cases analysis.
Seminars: practitioners in the field of M&A and venture capital are invited to enrich the contents of the module by bringing in the classroom their professional experiences.
Gianfranco Forestieri (a cura di), Corporate & Investment Banking, u.ed., Egea.
Final written exam: 5 open-ended questions and 1 exercise. A maximum score of 6 points is assigned to each question. The exam lasts 60 minutes. The evaluation criteria refer to the understanding of the topics included in the study program, the ability to summarize and communicate as well as to use an appropriate technical language.