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 pure and financial risks to which a non-financial company may be exposed, as well as the techniques necessary for proper risk management; the ability to apply the knowledge acquired in order to successfully carry out exercises and business cases relating to the management of financial risks that will be addressed in the second module of the course; the critical ability (autonomy of judgment) to independently assess the issues related to the exposure and coverage of financial risks for non-financial companies on the one hand, and the issues related to exposure to pure risks on the other; the skills consisting in using an appropriate technical language in communicating with financial directors, treasurers and corporate consultants with reference to issues related to the management of financial risks and in communicating with the internal control structures for the identification, assessment and management of pure risks ; the ability to learn through the logical method of identifying problems and critical analysis of the solutions adopted, as well as the ability to work in a team.
At the end of the third module, students should have developed the
a) Knowledge and understanding: An objective of the course is to know
how the ownership of companies is taken in the practice of the
financial markets of developed countries and, in particular, in the Italian
context. We will examine the rules by which the ownership rights are
exercised by the shareholders and other rules that influences
the governance of the company by the lenders.
b) Ability to apply knowledge and understanding: The course aims to
illustrate, show the application and evaluate the effects of the provisions
and tools of governance, management incentives, resistance to takeover,
c) Independent judgment: The course seeks to contribute to the
development of a critical attitude on the issue of corporate governance,
on the role of banks and financial markets in the management and
control of companies as well as on the peculiarities of governance in
d) Communication skills: The course aims to train people able to interact
with entrepreneurs, banks, management and business consultants with
regard to corporate governance and value creation issues.
e) Ability to learn: The course essentially aims to provide student with the
main elements to allow them to develp, implement and evaluate business
choices with a view to creating value for all stakeholders