•GUIDA ECONOMIA 07-08 - Università degli studi di Udine

prospectus udine
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mum likelihood, joint maximum likelihood
and pair-wise maximum likelihood.
Analysis of fit between the model and the
data: fit indexes of items and subjects, differential
item functioning of items in
subgroup of the population.
The ordinal Rasch model.
Reliability and validity of the measures.
Application cases.
Bibliography
- D. ANDRICH, Rasch Models for Measurements,
Sage Publications, London, 1988.
Other readings
- H.G. FISCHER, I.W. MOLENAAR (eds),
Rasch Models. Foundations, Recent Developments,
and Applications, Springer-Verlag,
Berlin, 1995.
EXTRAORDINARY FINANCE
Prof. Gabriele Toniolo
Aims
The course aims to provide the skills
required to comprehend of the rationale
of corporate actions involving changes in
share capital: mergers and acquisitions,
divestments, corporate restructuring. In
particular, the objective is to draw up a
methodological framework for the comprehension
and evaluation of corporate
choices in the fields of external growth
and corporate restructuring, combining
both a theoretical and practical approach.
Contents
1. Introduction to corporate finance operations.
2. External growth and opportunities for
value creation.
3. Acquisitions in corporate strategies.
4. Valuing potential economic value for
the buyer.
5. Acquisitions as investment projects:
acquisition premium and synergies.
6. Financing corporate acquisitions and
cost of capital in external growth.
7. Leveraged buy out.
8. Management and financial control in
the acquisition process.
9. Effects of market signalling:
- Acquisition premium and control premium.
- Regulation of take-over bids in Italy: economic
effects.
Pre-requisites
The course of ‘Corporate finance’ is
preparatory.
Bibliography
- M. MASSARI, L. ZANETTI, Valutazione
finanziaria, McGraw-Hill Italia, 2004.
- E. ROSSI, La finanza della crescita esterna.
Creazione e distruzione di valore nelle
acquisizioni aziendali, Egea, Milan, 1999.
FAMILY BUSINESS AND
COMPETITIVE STRATEGIES
Prof.ssa Cristiana Compagno
Contents
The course analyses the institutional and
organizational characteristics of family
firms, which are the most widespread
form of enterprise in Italy, both in smallmedium
and large firms. The programme
will focus in particular on the strategies
which support the continuity and the
development of family firms, and is supplemented
with case histories and discussions
with family firm entrepreneurs
The course is divided into the following
modules:
1. Institutional characteristics of family
firms:
- Small, medium and large family firms;
- Family, ownership and enterprise: the
institutional overlap and the F – PEC
model;