87581 - ECONOMIA DEI MERCATI MOBILIARI INTERNAZIONALI

Course Unit Page

SDGs

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.

Quality education

Academic Year 2021/2022

Learning outcomes

The course gives the instruments to understand pricing and to act on international financial markets, with particular reference to market risks and pricing puzzles. The course will analyze several aspects of the pricing of financial instruments on several international financial markets.

Course contents

The course embraces several issues related to pricing and mispricing on international financial markets, like (but not limited to):
CAPM and Factor Models (APT), IPO underpricing, M&A market valuation, Fund Performances, Market Risk Disclosure effects, Financial Literacy and Advisory, Liquidity.

Readings/Bibliography

The Course References are entirely made of scientific literature related to the issues the course will cover.
The bibliographic references will be distributed by the teacher during the course and they will be freely downloadable by the students of Unibo.

Teaching methods

The course will be held in the computer laboratory, where the teacher, after the relevant theorical foundations of the course's elected issues, will follow the students in empirical studies related to the issues covered by the course itself.
Moreover, during the course students are expected to present a paper assigned to each group and after the presentation there will be a discussion with the rest of the class.

Assessment methods

During the attendance of the course: Group and/or personal assignment. Discussions and presentations in class at the end of the course.
During the official exam sessions (or for non attending students):

  1. Presentation of a paper proposed to and agreed by the professor
  2. Choose one (or even better two) dataset(s) among the ones offered by the teacher and follow the proposed track for the analysis following the files on Virtuale (or directly by the teacher)
  3. Study the "seminal papers in finance" uploaded on Virtuale.

Teaching tools

Slides, computer software: Excel, Stata, real time feedback (On line Forms).

Office hours

See the website of Fabrizio Palmucci