Educational goals
The course aims to describe the logics and methodologies of company economic evaluation both from a theoretical and an applied point of view. On a theoretical level, company valuation is a field of investigation which is the subject of increasing attention from scholars. The object of investigation are the determinants of value in order to develop estimation logics and methodologies that are increasingly appropriate to the growing complexity of companies' growth and development paths. From an application point of view, valuation is a complex process through which an estimate of the value of the company or a part of it is reached. It is a process that calls into question a series of choices on the logics, methodologies and estimation of the various evaluation parameters (cash flows, income, growth rates, discount rates).
1. Knowledge and understanding
At the end of the course, the student will be able to understand the main logics and methodologies of company valuation as well as the main critical issues that characterize the choice of the different valuation parameters to be used in the estimation processes
2. Ability to apply knowledge and understanding
In addition to a solid theoretical background, the course is aimed at developing application skills of evaluation logics and methodologies. Through case studies and exercises, the student will acquire operational knowledge regarding the concrete implementation of evaluation processes.
3. Making judgments
At the end of the course, the student will be able to understand that evaluation is the complex result of a process and not the mere application of formulas. In this sense, you will be able to express a reasoned and complete judgment on all the choices necessary to arrive at the final estimate of the value. In this sense, completeness refers in particular to the student's ability to integrate previous knowledge of strategy, value creation, financial statement analysis, etc. into the evaluation topic.
4. Communication skills
The student will be able to present the contents that characterize the field of company valuation with an adequate technical language. This will be encouraged thanks to the presentation and discussion of concrete evaluation cases which will be the subject of group work.
5. Learning skills
At the end of the course, students will have acquired a broad framework of theoretical knowledge complemented by implementation knowledge. This integration will foster the ability to learn, raise awareness and apply evaluation logics and methodologies with reference to different fields and application situations.