- Docente: Antonio Carlo Francesco Della Bina
- Credits: 6
- SSD: ECON-09/A
- Language: English
- Teaching Mode: In-person learning (entirely or partially)
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Tourism Economics and Management (cod. 6761)
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from Sep 14, 2026 to Oct 13, 2026
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 by presenting what we consider to be the main objective of company management: the maximization of shareholder value.
To give practical meaning to this principle, the course first introduces one of the basic techniques of corporate finance: the calculation of the net present value (NPV) of an investment. To understand this approach, students should have a good knowledge of the basic principles of financial mathematics.
Lessons on financial statement analysis and financial planning provide students with a common language and technical foundation. The links with accounting courses are evident.
Readings/Bibliography
The textbook is: R. Brealy, S. Myers, F. Allen, A. Edmans Principles of Corporate Finance, McGraw Hill, 2025 Release.
Teaching methods
Lectures in class
Assessment methods
Students' knowledge and skills will be assessed through a written exam.
The exam (30 points) consists of 30 multiple-choice questions. Each question has only one correct answer. Wrong and unanswered questions receive zero points.
The use of a financial calculator is allowed during the examination. The use of any other material, unless explicitly authorized, is prohibited. Violation of these rules will result in removal from the classroom and termination of the examination.
To take the written exam, students must register online through the AlmaEsami system. If you experience any problems with the registration process, please contact the instructor.
The minimum score required to pass the exam is 18/30.
Grading structure:
• <18: insufficient
• 18–23: sufficient
• 24–27: good
• 28–30: very good
• 30 cum laude: excellent
Office hours
See the website of Antonio Carlo Francesco Della Bina