FINANCIAL POLICIES AND M&A STRATEGIES-2

Academic year
2025/2026 Syllabus of previous years
Official course title
POLITICHE FINANZIARIE E STRATEGIE DI M&A-2
Course code
EM4072 (AF:566382 AR:318141)
Teaching language
Italian
Modality
On campus classes
ECTS credits
6 out of 12 of FINANCIAL POLICIES AND M&A STRATEGIES
Subdivision
Surnames A-K
Degree level
Master's Degree Programme (DM270)
Academic Discipline
SECS-P/09
Period
4th Term
Course year
1
Where
VENEZIA
This is the second part of the 12 credits course. In this part, the so-called "asset side" corporate finance approach is used. Then the investment strategies able to affect asset management policies are analyzed with respect to the characteristics of business life such as: growth plans and opportunities, degree of risk tolerance, development of business potential, risks and opportunities related to the management of stakeholder relations. The above issues are explored in depth with special reference to the growth processes through M&A transactions
To know the drivers to measure and achieve efficient use of financial resources available in the company. To know how to face and sustain growth policies and also how to deal with corporate restructuring processes. To learn the main methods of evaluation of companies and business units, both stand alone and in acquisition process.
None. However, it is advisable to have attended the lessons of the first part of the course.
Main topics are: (1) company value creation policies at different stages of business life such as acquisitions and mergers, risk capital investing by specialized intermediaries and turnaround processes; (2) the processes of identifying and selecting target companies; (3) the operators involved in the process and the role each of them plays; (4) the problems of post-acquisition integration; and (4) the contractual precautions to be provided for.
Book
Title: Fundamentals of Mergers & Acquisitions
Anno: 2023, Egea Editore
Author: Dallocchio M., Lucchini G., Pirrone C.
ISBN: 9788823891791
The exam will be single for both parts (12 credits) in written form with multiple choice questions, exercises and open questions. In detail:
- no. 10 multiple-choice questions on the contents of the first part (Corporate Financial Policies);
- No. 10 multiple-choice questions on the contents of the second part (M&A Strategies);
- No. 1 open-ended question on topics across the entire 12-credit program;
- no. 1 numerical exercise for practical application of the principles and tools covered throughout the 12 credits.
written
0.5 points will be awarded for each correct answer to the multiple-choice questions, with no penalty for incorrect answers.
The open-ended question may be awarded up to 11 points.
The exercise may be awarded a score of up to 11 points.
If the sum of points acquired in the different parts of the exam exceeds 30 the distinction of praise will be awarded.

With reference to the open question:
A. scores in the 5-6 range will be awarded in the presence of:
- sufficient knowledge and ability to apply understanding with reference to the course syllabus;
- limited ability to apply knowledge by making independent judgments;
- sufficient communication skills, especially in relation to the use of specific language pertaining to the area of strategy and innovation;
B. scores in the 7-8 range will be awarded in the presence of:
- fair knowledge and ability to apply understanding with reference to the course syllabus;
- fair ability to apply knowledge by making independent judgments;
- fair communication skills, especially in relation to the use of specific language pertaining to the area of strategy and innovation;
C. scores in the 9-10 range will be awarded in the presence of:
- good or very good knowledge and ability to apply applied understanding with reference to the course syllabus;
- good or excellent ability to apply knowledge by making independent judgments;
- fully appropriate communication skills, especially in relation to the use of specific language pertaining to the area of strategy and innovation;
D. Score 11 will be awarded in the presence of knowledge and applied understanding with reference to the syllabus; excellent judgment and communication skills.

The score given to the exercise will be specified in the examination text
• Theoretical lessons will take place according to the conventional scheme
• In-depth lessons require prior reading of research documentation that will be reported during lessons
• Applied lessons may require prior reading of cases and other documentation and may include the development of specific electronic worksheets.
Definitive programme.
Last update of the programme: 02/07/2025