Studying at the University of Verona

Here you can find information on the organisational aspects of the Programme, lecture timetables, learning activities and useful contact details for your time at the University, from enrolment to graduation.

Study Plan

The Study Plan includes all modules, teaching and learning activities that each student will need to undertake during their time at the University.
Please select your Study Plan based on your enrollment year.

CURRICULUM TIPO:

1° Year 

ModulesCreditsTAFSSD
9
B
IUS/04
9
B
SECS-P/05
9
B
SECS-P/11
9
C
SECS-P/11
9
B
SECS-P/11
6
B
SECS-P/01
9
B
SECS-S/06

2° Year   activated in the A.Y. 2017/2018

ModulesCreditsTAFSSD
6
B
SECS-P/11
6
B
SECS-P/09
9
C
SECS-P/11
9
B
SECS-S/03
6
F
-
15
E
-
activated in the A.Y. 2017/2018
ModulesCreditsTAFSSD
6
B
SECS-P/11
6
B
SECS-P/09
9
C
SECS-P/11
9
B
SECS-S/03
6
F
-
15
E
-
Modules Credits TAF SSD
Between the years: 1°- 2°
9
D
-

Legend | Type of training activity (TTA)

TAF (Type of Educational Activity) All courses and activities are classified into different types of educational activities, indicated by a letter.

A Basic activities
B Characterizing activities
C Related or complementary activities
D Activities to be chosen by the student
E Final examination
F Other training activities
S Placements in companies, public or private institutions and professional associations

Corporate valuation  (2017/2018)

Teaching code

4S003195

Teacher

Michele Rutigliano

Coordinator

Michele Rutigliano

Credits

6

Language

Italian

Scientific Disciplinary Sector (SSD)

SECS-P/09 - CORPORATE FINANCE

Period

Primo Semestre Magistrali dal Oct 2, 2017 al Dec 22, 2017.

Lessons timetable MoodleMoodle Seminars 0

Learning outcomes

To begin with the course will go through the concept of financial equilibrium, the reasons of business crisis and the need for corporate restructuring (out of court and bankruptcy restructurings). There will also be an in-depth analysis of the business valuation methods of an entity stand alone and in M&A transactions.

Program

Economic and financial equilibrium of the firm
Main indicators Financial crisis management: causes and solutions
Corporate valuation: Equity and Asset side approach
Financial methods: EVA, Dividend Discount Model, Discounted Cash Flow Model, Adjusted Present Value Model
The cost of capital: the risk free rate, market risk premium and beta. Beta levered and unlevered
Relative valuation: the market multiples and comparable transactions
Value Map
The value of control, synergies, liquidity, transparency
A special case: the valuation of banks
Valuation of Industrial Property Rights (trademarks, patents and other rights)

Reference texts
Author Title Publishing house Year ISBN Notes
Michele Rutigliano (a cura di) Superare la crisi con i piani di risanamento e gli accordi di ristrutturazione dei debiti (Edizione 1) Giuffrè, Milano 2010 8814153582

Examination Methods

The final evaluation will be based on a written test and possibly some oral questions.
The written exam will last two hours and will focus on the entire program, with open-ended questions and possibly a numerical exercise to assess the learning of technical elements developed during the course.
Students may also be required to respond orally to some questions, to ensure thorough understanding of the subject matter of the course.

Students with disabilities or specific learning disorders (SLD), who intend to request the adaptation of the exam, must follow the instructions given HERE