72905 - Corporate Finance Lab

Learning outcomes

The course focuses on theoretical and practical issues which arise in modern corporate finance, and its major theme will be the firm's valuation in M&A or corporate restructuring. In the final part of the course, some classes will be devoted to real options and the pricing of the typical provisions in M&A.

Course contents

Capital Budgeting: Walt Disney Italia case

Firm valuation and BIMBO: Sardinia Hotel case

Pricing real options using  simulation (Expansion, wayout, etc.): Buy an area in a mall

Pricing a Clawback as a win-win strategy in M&A: caso Pillsbury case

Pricing an Earnout as a win-win strategy in M&A: PRintcomm case

Readings/Bibliography

Robert F. Bruner. "Case Studies in Finance" (various editions), McGraw Hill.

Richard A. Brealey, Stewart C. Myers, Franklin Allen and Sandro Sandri (2015). "Principi di Finanza Aziendale" 7/ed, McGraw Hill.

Teaching methods

All classes will be taught in lab using spreadsheets and coding for simulation (e.g. Visual Basic for Application). A class will thoroughly devote to a VBA introduction in order to facilitate the case solution.

Assessment methods

STUDENTS WHO ATTEND THE CLASSES 

Each group (3 sstudents) must deliver a couple of assigments. A final case should be addressed by groups in class.

STUDENTS WHO DO NOT

Richard A. Brealey, Stewart C. Myers, Franklin Allen and Sandro Sandri "Principi di finanza aziendale" 7/ed. 
Chapter 11 Analisi progetto
Chapter 20 Opzioni
Chapter 21 Valutazione opzioni
Chapter 22 Opzioni reali
Chapter 27 Gestione rischi
Chapter 28 Finanza Internazionale

Links to further information

http://stefanomengoli.weebly.com

Office hours

See the website of Stefano Mengoli