Aim of the course is, first, to gain in-depth knowledge of the course Corporate finance 1 topics. and extend it to advanced modern corporate finance topics:
- Develop an in-depth understanding of financial decision-making in corporations;
- Master fundamental approaches to the valuation of firms, projects, and options;
- Analyze capital structure and payout strategies while accounting for tax, informational, and market imperfections;
- Evaluate the impact of uncertainty, asymmetric information, and agency costs on financial decisions;
- Understand positive and negative externalites affect the value of the firm (integrated value);
- Strengthen decision-making skills through the use of case studies, simulations, and advanced modeling techniques.

Fundamental Corporate Financial Decisions:
- Investment criteria: NPV, IRR, PI, payback period.
- Cost of capital: CAPM, WACC, fundamental concepts.

Value-Based Management and Fundamental Valuation:
- DCF approach (FCFF, terminal value).
- EVA, ROIC and value creation analysis.

Advanced Cost of Capital Models:
- Practical application of CAPM, Fama-French models, beta adjustments.
- Cost of debt and equity in different contexts.

Capital Structure and Payout Policy:
- Impact of financing structure on cost of capital and firm value.
- Capital structure theories (trade-off, pecking order, market timing).
- Dividends, share repurchases, signaling, tax considerations.

Corporate Financing Instruments:
- Types of financing: equity (IPO, private equity, venture capital); debt (syndicated loans, bonds, secured/unsecured debt); hybrid instruments (mezzanine, convertible bonds, preferred shares).
- Strategic use of financing options in practice.
- Growth financing, refinancing.

Risk Management in Non-Financial Corporations:
- Types of risks: currency, interest rate, business, etc..
- Quantitative tools: VaR, scenario analysis, simulations.
- Derivatives and hedging strategies.

Real Options and Investment Flexibility.
- Basic valuation models: binomial models, simulations.
- Types of real options and practical applications.

Special Topics:
- Sustainable finance.
- Fintech.