- Docente: Barbara Petracci
- Credits: 6
- SSD: SECS-P/09
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Business Administration and Management (cod. 8842)
Learning outcomes
The aim of the course is to provide the tools to evaluate companies and industrial projects. At the end of the course the student is able to: - apply the main financial and relative methods of business valuation; - analyze the most frequently used financial instruments in business valuations; - understand the different business strategies and their impact on value.
Course contents
Theoretical framework
Approaches and methods of valuation
Estimating the cost of capital
Discounted Cash Flow (DCF) method: typical procedures
Relative valuation: theoretical framework and practical issues
Readings/Bibliography
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Second Edition. Chapters 1, 2, 4, 5, 7, 8 and 9.
Principles of Corporate Finance, R. Brealey, S. Myers and F. Allen, 2014.
Teaching methods
Lectures
Practical exercises
Case studies
Assessment methods
Valuation is based on a written exam and the final mark is expressed in thirties.
The structure of the exam is composed of 11 multiple choices (maximum 22 points) and one open-ended questions or one exercise (maximum 10 points).
The exam lasts 1 hour.
Office hours
See the website of Barbara Petracci