- Docente: Barbara Petracci
- Credits: 6
- SSD: SECS-P/09
- Language: Italian
- Teaching Mode: In-person learning (entirely or partially)
- Campus: Forli
- Corso: Second cycle degree programme (LM) in Economics and Commerce (cod. 0905)
Learning outcomes
The aim of the course is to provide the tools to evaluate companies
and industrial projects. At the end of the course the student is
able to: - apply the main methods of company valuation, with
particular reference to financial and market ones; - analyze the
various financial instruments most frequently used in business
valuations; - understand the different business strategies and
their impact on value of the company.
Course contents
Theoretical framework
Approaches and methods of valuation
Discounted cash flow (DCF) method
Estimating free cash flows, the cost of capital and the growth rate
Relative valuation: theoretical framework and practical issues
Readings/Bibliography
Aswath Damodaran, Valutazione delle aziende, Apogeo, 2010: chapters 1, 2, 4, 5, 7, 8, 9.
R. Brealey, S. Myers, F. Allen, S. Sandri, Principi di Finanza Aziendale, McGraw Hill Libri Italia, 2011: chapter 19.Teaching methods
Lectures
Practical exercises
Case studies
Assessment methods
Valuation is based on a written exam.
Office hours
See the website of Barbara Petracci