- Docente: Antonio Angelillo
- Crediti formativi: 4
- SSD: SECS-P/09
- Lingua di insegnamento: Inglese
- Modalità didattica: Convenzionale - Lezioni in presenza
- Campus: Bologna
- Corso: Laurea Magistrale in Direzione aziendale (cod. 0897)
Conoscenze e abilità da conseguire
The student can face the main topics in valuations, as the determination of the free cash flows, the company's cost of capital and the main multiples adopted. After analysing some some case of studies, he is able to understand how theory can be practically applied.
Contenuti
- Valuation as a paradigm of efficient asset allocation in a market economy
- Enterprise value, equity value and price in corporate finance
- Approaches to valuation and valution methodologies
- Economic profit based: EVA
- Asset based: NAV
- Cash flow based: DCF
- Relative valuation: multiples
- Cash flow statement and determinants
- Dividend discount model
- Measures of Risk
- Capital Asset Pricing Model and its allies
- Market and Transaction multiples
- Case studies
Testi/Bibliografia
The dark side of Valuation - Aswath Damodaran
other readings will be suggested during the course
Metodi didattici
the students will be involved in solving real case studies valuation tasks
lessons are largely interactive
Modalità di verifica e valutazione dell'apprendimento
mid course written exam simulations
group works
Strumenti a supporto della didattica
PC use is advised
Orario di ricevimento
Consulta il sito web di Antonio Angelillo
SDGs
L'insegnamento contribuisce al perseguimento degli Obiettivi di Sviluppo Sostenibile dell'Agenda 2030 dell'ONU.