69824 - Corporate Finance for Travel and Tourism Industry

Academic Year 2019/2020

  • Teaching Mode: Traditional lectures
  • Campus: Rimini
  • Corso: Second cycle degree programme (LM) in Tourism Economics and Management (cod. 8609)

Learning outcomes

Learning Outcomes: At the end of the course the student is able to evaluate the financing and investment choices of firms operating in the tourism sector, with more emphasis on international markets. More specifically, the student is able to: develop skills for medium- and long-term planning; decide the financial structure of the firm. use the different models of the theory of finance to evaluate the capital budgeting decisions and the risk associated to investment projects; understand the strategic role of corporate finance in the management of tourism firms.

Course contents

The course starts presenting what we believe to be the objective of a company management: the maximization of the capital share value (“the value for the shareholders”).

To give concreteness to the principle will primarily be presented the basic technique of corporate finance: calculation of net present value of an investment. To understand this reasoning it is necessary for the students to have good knowledge of basic principles of financial mathematics.

Lessons on the analysis of balance sheet and financial planning have the purpose to give the students a common language and technical basis. Links with accounting courses are evident.

Readings/Bibliography

The textbook is:R. Brealy, S. Myers, F. Allen, Principles of Corporate Finance , 10/e , McGraw Hill, 2011.

Teaching methods

Lectures

Problem sets

Assessment methods

Skills of students will be tested with a written exam

The exam (30 points) consists in 30 multiple choice. Right answers are only one. Wrong and missing answers are valued zero.

Important notice: To pass the exam is however necessary to answer correctly to at least five multiple choice.

During the examination use of financial calculator is allowed. Use of any other material, unless authorised, is prohibited. Violation of those rules means removal from the classroom and the termination of the examination.

To take the written exam it is  mandatory to register on-line through the AlmaEsami system; if you experience problems in the exam registration process please contact the instructor.

 

The minimum required to pass the exam is 18 / 30.

 

Office hours

See the website of Antonio Carlo Francesco Della Bina