Combining knowledge (academic and professional) on the topic of Corporate Finance with practical exercises and case studies, this course has two main objectives: - Develop the issue of Corporate Finance, addressing the most important issues on the financial activity of the company, ie the concepts, methods and tools that support the analysis and financial decision making in the context of certainty and uncertainty (investment and financing). - Deepen the financial issues of diagnosis, structural and strategic issues of financial decision making, the most important decisions of creation and stabilization of the value, and the processes of reallocation of value in the company.
DEVELOP SKILLS
At the end of the course, students should be able to: - Master the key concepts, tools and instruments of Corporate Finance; - Know and apply the main models and processes of business valuation; - Apply analytical methodologies to diagnose a financial company; - Analyze information on the financial characteristics of companies; - Learn to make investment decisions and financing
Programme
1. Introduction 1.1. The Financial Paradigm of the Corporation 1.2. The Financial Environment of the Corporation
2. Short-Term Financial Decisions 2.1. Operations Short-Term Financing 2.2. Cash Management 2.3. Decisions of Concession of Loans
3. Financing Decisions and the Enterprise Value 3.1. Financing Decisions and Financial Innovation 3.2. Operations with Equity Financing 3.3. Operations with Debt Capital Financing 3.4. Leasing Operations 3.5. Operations Funding for bonds
4. The Financial Architecture of the Corporation 4.1. The Cost of Capital 4.2. The Capital Structure and Agency Problems 4.3. Theories of Capital Structure
5. Dividend Policy 5.1. The Irrelevance of Dividend Policy 5.2. Dividend Policy in Frictionless Markets 5.3. The Agency Problems Applied to Dividend Policy 5.4. The Effect of Market Imperfections - Information Asymmetry 5.5. Theories of Dividend Policy
6 Evaluation of Enterprises 6.1. Method of dividends 6.2. Method of Free Cash Flows discounted 6.3. Method of Economic Value Added and Market Value Added 6.4. Equity methods 6.5. Method Dualist 6.6. Evaluation Method for Comparison 6.7. Method averages the remaining models.
7. The Stabilization of Enterprise Value 7.1. The Financial Risks of the Enterprise as Element Value Loss 7.2. The Financial Risk Coverage
8. The Reallocation of Enterprise Value 8.1. The Financial Restructuring Corporate - Fusions and Acquisitions 8.2. Determination of Returns of a Fusion and Acquisition 8.3. Other Methods of Enterprise Restructuring
Main literature
Vieito, J. & Maquieira, C. ;Finanças Empresariais - Teoria e Prática. , Escolar Editora. , 2013
Brealey, R. & Myers, S. ;Princípios de Finanças Empresariais, McGraw-Hill, 2008. ISBN: 9788448160852 (8ª Edição)
Supplementary Bibliography
Maness, T. & Zietlow, J. ;Short-Term Financial Management, West Publishing Company., 2001 (2th Edition)
Through theoretical and practical lessons, will be performed combining education with theoretically grounded critical analysis of the issues of financial decision making and study of real cases illustrative of each problem. Students will be required to intervene in the discussion of theoretical problems and practical implications. Furthermore, through the organization of students into work groups, studies will be conducted on topics applied to define.
In a logical theory and practice, it resorts to a set of strategies that include exposure theoretical analysis of case studies. The syllabus will be covered in order to teach to conceptualize, develop and systematize the important issues to consider in the field of Corporate Finance. Through discussion and student participation in analyzing real cases and practical exercises, will seek to develop a critical sense about the various models and tools presented in the classroom sessions.
Assessment Components
Avaliação distribuída com exame final
Assessment Components
Description
Type
Time (hours)
Conclusion Date
Attendance (estimated)
Lessons
45
Trabalho laboratorial ou de campo
3
Teste/Exame
4
Study
90
Trabalho laboratorial ou de campo
18
Total:
160
Demonstration of the coherence between the teaching methodologies and the learning outcomes