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Code
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21210466 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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| Module: |
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Code
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21210466-1 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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6
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Scientific Disciplinary Sector Code
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IUS/05
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Contact Hours
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40
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Type of Activity
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Core compulsory activities
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Teacher
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ATRIPALDI MARIANGELA
(syllabus)
1. Protection of savings in the economic constitution
2. Savings, credit and banking system
3. Saving and direct and indirect equity investment in the large production facilities of the country
4. Protection of savings in the EU
5. Provisions on the protection of savings and the regulation of financial markets: Law 262/2005 and subsequent interventions
6. The functions and role of public supervisory authorities on savings
7. The offer to the public of securities. Crowdfunding
8. The regulatory framework on takeover bids
9. The legislation relating to securitisations
10. Protection of savings in German law and in US law.
(reference books)
M. Atripaldi, La tutela del risparmio popolare nell’ordinamento italiano, Editoriali scientifica, 2014: introduction, chapter II, IV, conclusions;
F. Annunziata, La disciplina del mercato dei capitali, Giappichelli, 2023, cap. I, II, III, cap. XV, cap. XVII, XVIII
Other papers may be distributed during class
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Dates of beginning and end of teaching activities
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From to |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Oral exam
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| Module:
(objectives)
The course (module II) aims at developing skills and competences in identifying, analysing and managing/solving the conflicts of interest in financial sector and in the governance of a firm. Specifically, leaving from the recent corporate scandals, we will analyse a definition pattern of interest conflict typologies, the reasons and conflict implications of agency relationships “principal-agent” and “principal-principal”, the conflicts in financial sector and in the gate-keepers infrastructure; therefore, the respective causes and tools of preventing/solving will be analysed and discussed. Finally, the worst practices in valuation will be analysed, linking them with conflicts that could be involved in IPOs (mainly underpricing) and in M&As and be exploited in valuation practices.
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Code
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21210466-2 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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3
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Scientific Disciplinary Sector Code
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SECS-P/11
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Contact Hours
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20
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Type of Activity
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Core compulsory activities
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Teacher
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VENANZI DANIELA
(syllabus)
1. The conflict of interest: definition, typologies, trends (the new conflicts in digital age)
2. The conflicts of interest in the governance of a firm
a) What can we learn from corporate scandals ?
b) Typologies
c) Tools of analysis, preventing and monitoring
• Market mechanisms
• The financial reporting
• Internal governance mechanisms
• I gate-keepers
3. Compliance effective or simply formal ? Rethorical strategies in explaining the non-compliance
4. The conflicts of interest in financial industry
a) Typologies and peculiarities in financial industry
b) The evolution of law framework
c) Tools of analysis, preventing and monitoring
4. Problems/pitfalls in assessing securities of issuers
a) Conflicts of interest and assessment of a company equity
b) Worst practices in firm valuation
(reference books)
Balestreri A., Venanzi D., 2021, Conflitti di interessi e finanza. Come individuarli e prevenirli, MacGraw-Hill
Shrives P.J., Brennan N.M., 2017, Explanations for corporate governance non-compliance: A rhetorical analysis, Critical Perspectives on Accounting, 49, pp. 31-56in addition, slides, cases, examples and various materials/documents available on the course website (Moodle platform).
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Dates of beginning and end of teaching activities
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From to |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Oral exam
A project evaluation
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Università Roma Tre