SUSTAINABLE INVESTMENT BANKING Year of course
II
Semester
II
No of hours
60
Scientific field
SECS-P/11
ECTS
9
Professors
SIST Federica
Email address
[email protected]
Web page
http://www.lumsa.it/federica-sist?nf=2238&tpage=docenti
Course program No more than 1900 characters, spaces included
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.
Financial systems and the firm’s growth Causality and interaction: sustainable markets and sustainable business Towards effective and sustainable systems Investment banking Mergers and acquisitions (M&A) Valuation Leveraged Buyout (LBO) Corporate restructuring Private equity Initial public offering Mezzanine finance Project finance Securitization What do we need for market and business sustainability?
Stowell, D. Investment banking, hedge funds, and private equity, 2nd Edition, 2012, Elsevier (eng) Recommended reading
Aras, G. Sustainable Markets for Sustainable Business. A Global Perspective for Business and Financial Markets, 2015, Routledge (Eng) Forestieri, G. Corporate & Investment banking, 2010, EGEA (ita) Financial regulation, the need of a new approach, Bancaria Editrice, 2: p. 2-16, G. Ferri 2013 Morrison, A. et al. 2014. Investment-Banking Relationships: 1933-2007
Corse objectives No more than 1900 characters, spaces included
In class every financial operation has to be known from several aspects: the useful, the process of development, the advisor’s role, the constraints and a business case.
Prerequisites
Essential pre-requisite to the course is a good knowledge of the English language, the teaching language of this course, respectively B1+ or B2 according to the study program chosen.
Teaching methods
Lectures, seminars, discussions.
Assessment methods
The overall assessment is based on a written test, an oral and a group project, each worth one-third (0333) of the final grade. The written test consists of three specific questions about the course contents: one requires a half-page response (0 to 7 points), one involves a question from a whole page (0 to 12 points) and the last one can be a comment of a figure (0 to 11 points). The oral test will always consist in one or more questions to ensure an understanding of the subject. The group analyses (two / three members) an intermediary and the results will be presented to the classroom at the end of the course. The group works in the classroom under the supervision and support of the lecturer during the course, the dates will be indicated in the course schedule. The project file has to be delivered at the teacher, the list of requested contents (and initial references) is in the program available on the teacher's web site.
The group has to present the project in 15 minutes during the team-work day, to be held at the end of the semester, the day on which the course is also open to students who are not enrolled who can listen to the presentations. The students who will not attend should contact the teacher and agree on the case to be presented in the examination at least one month before the examination session to be attended. Understanding and interpretation are verified with theoretical questions, the ability of judgment is ascertained with commentary using examples or graphs / data referring to a given context, and the application of what is assessed by including examples and the resolution required of hypothetical questions. The communication skills are tested through the presentation of the work, although the instrumental priorities of teamwork are the consolidation of concepts, the use of reliable sources with a critical judgment to the future of continuous learning and the preparation of a presentation in ppt. Criteria for the final paper assignment Learning outcomes (according to the Dublin descriptors): Knowledge and understanding Learning outcomes (according to the Dublin descriptors): Applying knowledge understanding
and
Learning outcomes (according to the Dublin descriptors): Making judgements Learning outcomes (according to the Dublin descriptors): Communication skills Learning outcomes (according to the Dublin descriptors): Learning skills
The skills necessary to study and write in English Knowledge of the purpose, the advisor and some specific aspects of the financial market.
Through cases developed in the classroom students must be able to understand which operation is best suited to the needs of the enterprise.
The court must determine the financial strategy for a company and sustainability of a particular transaction.
The skills to describe, in English, the usefulness of a financial operation and a case supported by a presentation in pptx.
After completing this course the classroom must be able to understand all the developments and changes in the subject.