Derived from
|
119239 VALUTAZIONE DELLE AZIENDE E OPERAZIONI STRAORDINARIE in Administration, finance and control LM-77 Pellegrini Valter
(syllabus)
PART ONE – The valuation of companies Introduction to company valuation methods. Theory of value. The direct methods. Indirect methods. Levered approach (or equity side) and unlevered approach (or asset side). The simple income method. The complex income method. Levered and unlevered financial flows. The simple patrimonial method. The complex asset method. Mixed asset-income methods. The “mean value” method. The Economic Value Added (EVA).
SECOND PART – Extraordinary operations Civil, accounting and tax aspects, as well as strategic and economic aspects of the operations of: company acquisition; fusion; Leveraged Buy Out (LBO); business transfer; split; transformation; liquidation; project financing.
(reference books)
G. Zanda, M Lacchini, T. Onesti, The evaluation of companies, VI Edition, Giappichelli, Turin, 2013, (in its entirety, with the sole exclusion of chapters XV, XVII, XVIII, XIX).
L. Potito, Extraordinary operations in the business economy, VI Edition, Giappichelli, Turin, 2020.
Material made available by the teacher.
|