87580 - FINANZA STRAORDINARIA

Course Unit Page

Academic Year 2019/2020

Learning outcomes

The course focuses on theoretical and practical issues which arise in modern corporate finance, and its major theme will be the firm's valuation in M&A or corporate restructuring. In the final part of the course, some classes will be devoted to real options and the pricing of the typical provisions in M&A.

Course contents

Capital Budgeting: Walt Disney Italia case

Firm valuation and BIMBO: Sardinia Hotel case

Pricing real options using simulation (Expansion, wayout, etc.): Buy an area in a mall

Pricing a Clawback as a win-win strategy in M&A: caso Pillsbury case

Pricing an Earnout as a win-win strategy in M&A: PRintcomm case

Readings/Bibliography

Robert F. Bruner. "Case Studies in Finance" (various editions), McGraw Hill.

Richard A. Brealey, Stewart C. Myers, Franklin Allen and Sandro Sandri (2015). "Principi di Finanza Aziendale" 7/ed, McGraw Hill.

Teaching methods

All classes will be taught in lab using spreadsheets and coding for simulation (e.g. Visual Basic for Application). A class will thoroughly devote to a VBA introduction in order to facilitate to work out the course cases.

Assessment methods

STUDENTS WHO ATTEND THE CLASSES

Each group (no more than 5 students) must deliver a couple of assigments. A final case should be addressed in lab by single student.

STUDENTS WHO DO NOT

must deliver an assignment given by the teacher.

Links to further information

https://stefanomengoli.weebly.com/finanza-aziendale-clamm.html

Office hours

See the website of Stefano Mengoli