Ulliri, Igli (A.A. 2024/2025) Corporate valuation under volatility: how interest rate changes affect DCF outcomes: a sector-based approach. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 72. [Master's Degree Thesis]

Full text for this thesis not available from the repository.

Abstract/Index

Background and motivation. Research question and general objectives. Relevance of the topic. Methodological idea. Literature review. Basic principles of DCF valuation. The cost of capital and the interest-rate environment. Role of central bank policy in corporate valuation. Evidence from empirical studies. Methodology. Research approach. Firm selection criteria and sample construction. Data sources and variable construction. Building the DCF model. Estimation of discount rates and implementation of annual interest-rate conditions. Valuation of DCF panels, sensitivity analysis and robustness of regression. Empirical section. Yearly Weighted average cost of capital (WACC) variation 2018-2024. DCF-panel valuation results under yearly WACC (2018–2024). Regression summary: two-way fixed effects for valuation versus discount rates. Interpreting the valuation mechanics (discounting, terminal value, non-linearity). Firm heterogeneity: leverage, capital intensity and WACC composition. Practical implications for valuation and investment decisions.

References

Bibliografia: pp. 60-63.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Murro, Pierluigi
Thesis Co-Supervisor:	Altieri, Michela
Academic Year:	2024/2025
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	08 Sep 2026 10:37
Last Modified:	08 Sep 2026 10:37
URI:	https://tesi.luiss.it/id/eprint/46739

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