- Docente: Fabrizio Palmucci
- Credits: 8
- SSD: SECS-P/11
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: Second cycle degree programme (LM) in Financial Markets and Institutions (cod. 0901)
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, 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.
During the official exam sessions: analysis of a dataset in excel
and two essays on the literature indicated on Campus website
("Letteratura IPO" e "Letteratura M&A", restricted access to
the course's mailing list recipients, ask the teacher for the
password), which comprises over 40 papers on the 2 subjects. The
essays, of up to 10 pages each, should synthetize the topics
presented in the papers (which can also be integrated by the
student) and will be discussed in an oral exam during the regular
sessions or during the office hours (by appointment). The Excel
work should be defined with the professor during his office
hours.
Teaching tools
Slides, computer software: Excel, Stata.
Office hours
See the website of Fabrizio Palmucci