The first and second module of the course thus aims to examine both the main risk factors, and the techniques required for their management. The analysis is developed with reference to the following risks: interest rate risk, exchange rate risk and commodity risk. At the end of the course, students will have acquired:
• the knowledge necessary to understand the main financial risks to which a non-financial firm may be exposed, as well as the techniques required for the management of these risks;
• the ability to apply the acquired knowledge in order to successfully carry out exercises and case studies on the management of financial risks. Exercises and case studies will be proposed in the second module of the course;
• the critical capacity (independent judgment) to assess independently the problems associated with exposure and coverage of financial risks in non-financial firms;the ability to use a consistent technical language appropriate to communicate with CFOs, treasurers and business advisors with reference to the problems associated with the management of financial risks;the ability to learn through a logical method, which consists of identifying the problems and critical analyzing the solutions, as well as the ability to work in teams.
At the end of the course, students will have acquired:
a. Knowledge and ability to understand
A goal of the course is to study how corporate ownership is contended in developed financial markets, and especially in the Italian market. The rules by which the shareholders exercise their property rights and the rules by which the bondholders and other lenders influence corporate governance will be examined.
b. Ability to apply knowledge and understanding
The course aims to present and evaluate the effects of corporate governance instruments, management incentives, takeover resistance etc..
c. Critical capacity (independent judgment)
The course aims to develop a critical attitude towards corporate governance, the role of banks and financial markets in enterprise management and control and banking governance.
d. Ability to communicate
The course aims to train students to interact with entrepreneurs, banks, managers and business advisers with regard to the issues of corporate governance and value creation.
e. Ability to learn
The course aims to provide students with the key elements to develop, implement and/or evaluate corporate choices with a view to creating value for stakeholders