- 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 begins by presenting what we consider to be the main objective of corporate management: the maximization of share capital value, that is, the creation of value for shareholders. To make this principle more concrete, the course first introduces a fundamental technique of corporate finance: the calculation of the net present value of an investment. In order to fully understand this approach, students are expected to have a good knowledge of the basic principles of financial mathematics.
The lessons on balance sheet analysis and financial planning are designed to provide students with a shared technical language and a common analytical foundation.The connections with accounting courses will be emphasized throughout.
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’ skills and knowledge will be assessed through a written exam.
The exam is worth 30 points and consists of 30 multiple-choice questions. Each question has only one correct answer. Wrong or missing answers receive zero points.
During the exam, the use of a financial calculator is allowed. The use of any other material, unless expressly authorized, is prohibited. Any 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 via the AlmaEsami system. Students experiencing problems with the registration process should contact the instructor.
The minimum passing grade 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