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72905 - Corporate Finance Lab

Academic Year 2021/2022

                
                        Docente:
                        Stefano Mengoli
                    
                        Credits:
                        4
                    
                        SSD:
                        SECS-P/09
                    
                        Language:
                        Italian
                    
                        Moduli:
                        
                            Stefano Mengoli
                            (Modulo 1)
                        
                            Lucia Milena Murgia
                            (Modulo 2)
                        
                        Teaching Mode:
                        
                                    Traditional lectures (Modulo 1)
                                
                                    Traditional lectures (Modulo 2)
                                
                            Campus:
                            Bologna
                        
                            Corso:
                            Second cycle degree programme (LM) in
                            Business Administration (cod. 0897)

                            Teaching resources on Virtuale

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 and corporate restructuring. Using VBA, some classes will be devoted to real options and the pricing of the typical provisions in M&A.

Course contents

Case Studies about
- Capital Budgeting;
- M&A and financing (BIMBO);
- Real options embedded in a contract (wayout, etc.)
- Clawback in M&A
- Earnout in M&A

Readings/Bibliography

ATTENDANTS

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

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

NON-ATTENDANTS

"Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions", 2nd Edition Johnathan Mun (Chapters 1-5).

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 the case solution.

Assessment methods

STUDENTS WHO ATTEND THE CLASSES

Each group (max 3 students) delivers a final Lab assignment. Group composition is defined at the kick off.

STUDENTS WHO DO NOT

Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions", 2nd Edition Johnathan Mun (Chapters 1-5).

Office hours

See the website of Stefano Mengoli

See the website of Lucia Milena Murgia