- Docente: Barbara Petracci
- Credits: 6
- SSD: SECS-P/09
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Business Administration and Management (cod. 8842)
Learning outcomes
The course provides a framework for understanding and analyzing investment and financial decisions of corporations. Lectures and readings provide an introduction to present value techniques, capital budgeting, company valuation, capital structure decisions, corporate cost of capital. The goal is to provide students with a solid understanding of the theories underlying the firm investment and financing decisions as well as with the practical skills needed to solve real-life cases.
Course contents
Theoretical framework
Approaches and methods of valuation
Estimating the cost of capital
Discounted Cash Flow (DCF): typical procedures
Relative valuation: theoretical framework and practical issues
Readings/Bibliography
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Second Edition. Chapters 1, 2, 4, 5, 7, 8 and 9.
Principle of Corporate Finance, R. Brealey, S. Myers and F. Allen, 2014.
Teaching methods
Lectures
Practical exercises
Case studies
Assessment methods
Valuation is based on a written exam and the final mark is expressed in thirties.
The structure of the exam is composed of 11 multiple choices (maximum 22 points) and 1 open-ended questions or an exercise (maximum 10 points).
The exam lasts 1 hour.
Office hours
See the website of Barbara Petracci