- Docente: Barbara Petracci
- Crediti formativi: 6
- SSD: SECS-P/09
- Lingua di insegnamento: Inglese
- Modalità didattica: Convenzionale - Lezioni in presenza
- Campus: Rimini
- Corso: Laurea Magistrale in Amministrazione e gestione d'impresa (cod. 8842)
Conoscenze e abilità da conseguire
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.
Contenuti
Theoretical framework
Approaches and methods of valuation
Discounted Cash Flow (DCF) method: typical procedures
Estimating cash flows
Estimating the cost of capital
Estimating the growth rate
Relative valuation: theoretical framework and practical issues
Testi/Bibliografia
- Lecture slides and notes. Slides will be available on the platform “Insegnamenti on line”.
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.
Chapter: 9
Metodi didattici
The program of the course will be deepened in class. Theoretical lessons will be associated to practical lessons based on the resolution of exercises (n.2) and to the presentation of corporate case studies.
Modalità di verifica e valutazione dell'apprendimento
Valuation is based on a written exam.
The exam is composed of 11 Multiple Choices and 1 exercise OR 1 open question. The exam lasts 40 minutes.
The correct answer to a Multiple Choice gives 2 points. There is no penalty for the wrong answer and there is only one correct answer. The resolution of the exercise/open question gives up to 10 points.
You are not allowed to use notes or books.
The exam text provides the list of the most important formulas necessary to answer to Multiple Choices and to solve exercises.
The final mark is expressed in thirties.
The course will be taught during the first semester. While the first two calls will be set during the winter period (January-February) and the last one in September.
Strumenti a supporto della didattica
The teaching tools are the projector and the blackboard for exercises.
Orario di ricevimento
Consulta il sito web di Barbara Petracci