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.
1° Year
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2° Year activated in the A.Y. 2019/2020
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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.
Corporate valuation (2019/2020)
Teaching code
4S003195
Teacher
Coordinator
Credits
6
Language
Italian
Scientific Disciplinary Sector (SSD)
SECS-P/09 - CORPORATE FINANCE
Period
primo semestre magistrali dal Sep 30, 2019 al Dec 20, 2019.
Learning outcomes
Discuss the concepts of economic and financial equilibriums of the company.
Studying causes and solutions of the firm crisis.
Deepening criteria and methods of company evaluation, applicable in the various operations of extraordinary management affecting the company and the groups.
Explain the criteria for estimating the value of industrial property rights.
The focus of the course, which has a theoretical but well-anchored approach to operations, is therefore based on assessments and estimates, for which the contribution of corporate finance is essential.
Program
Introduction to the evaluation of firms and business units.
The determination of the intrinsic value:
- adjusted net asset methods;
- income methods;
- the methods that make explicit the creation of value;
- financial methods;
- relative valuation.
From intrinsic value to investment value: the value of control and the synergies.
The evaluation of an equity investment.
The financing forms alternative to the bank credit:
- Private equity and Venture capital;
- Private debt;
- Individual Saving Accounts (“Piani Individuali di Risparmio” - PIR).
Extraordinary financial operations: Merger & Acquisition (M&A), leveraged buyout, spin-off, carve-out and split off.
The firm crisis: causes and judicial and extrajudicial solutions.
The specificities in the evaluation of a firm in crisis.
Teaching will be developed through lectures aimed at facilitating the understanding and interpretation of theoretical concepts.
Reference material
In addition to the textbook Students must also prepare the material reported in the elearning page of the course.
| Author | Title | Publishing house | Year | ISBN | Notes |
|---|---|---|---|---|---|
| Forestieri Giancarlo | Corporate & Investment Banking (Edizione 4) | Egea | 2018 | 978-88-238-2257-3 | Capitoli da 5 a 10 |
Examination Methods
The exam is written. It consists in 3 questions (open theoretical questions and exercises to be solved by providing a commentary to the obtained results), structured in order to ascertain the student’s ability to critically analyze the topics covered by the program. The duration of the test is equal to two hours.
On the e-learning platform all exam topics will be made available immediately after the appeals have been held.
Finally, the examination procedures are identical for Students attending and not attending.
IMPORTANT - Following the Covid-19 emergency and the consequent need to carry out the exam tests online, the appeals of the sessions of june-july and august-september 2020 will be held in oral form. For more details, please refer to what is reported on the elearning platform.
