Corporate Finance
Keywords |
Classification |
Keyword |
OFICIAL |
Management Studies |
Instance: 2013/2014 - 2S (of 10-02-2014 to 06-06-2014)
Cycles of Study/Courses
Teaching language
Portuguese
Objectives
It is intended that students develop skills to understand and evaluate the company's main objective - value creation
- and how decisions about the sources and financing instruments as well as on the distribution of its results may
contribute to this goal. It is also intended that students develop skills in the risk management and how this can
contribute to the stabilization and even the creation of additional value.
Learning outcomes and competences
Students should be able to understand the value creation process of a company and the sources and financing instruments. Students should be able to develop skills in the risk management and understand how risk management can contribute to the stabilization of company value
Working method
Presencial
Program
1. The Objectives and the Scope of Corporate Finance
1.1. What is Corporate Finance?
1.2. Fundamentals of Corporate Finance
1.3. Corporate Objectives
1.4. Agency Theory and Agency Costs
1.5. Corporate Governance
1.6. Information and market efficiency
2. The Determination of Company Value
2.1. Income Method
2.2. Multiples Method
2.3. Options Method
3. Medium and Long Term Funding as a source of value creation
3.1. Introduction
3.2. Capital Structure
3.3. Financing for Equity
3.4. Financing for Debt Capital
3.5. Funding for Hybrid Instruments
4. The Return on Own Capital
4.1. Dividend Policy
4.2. Repurchase of shares
4.3. Theoretical models and Distribution Policies
5. Risk Management
5.1. Risk Management and Shareholder Value Creation
5.2. Interest Rate Risk Management
5.3. Exchange risk management
Mandatory literature
ROSS, Stephen, Randolph W. WESTERFIELD e Jeffrey JAFFE; Corporate Finance, McGraw-Hill, 2010
BREALEY, Richard, Stewart C. MYERS and Franklin ALLEN; Principles of Corporate Finance, Principles of Corporate Finance, 2010
Teaching methods and learning activities
Theoretical analysis of the program topics
Solving exercises
Analysis of cases
Group work
Final Exam
Evaluation Type
Distributed evaluation with final exam
Assessment Components
Designation |
Weight (%) |
Exame |
35,00 |
Teste |
15,00 |
Trabalho escrito |
50,00 |
Total: |
100,00 |
Calculation formula of final grade
a) Final Exame
b) Continous Valuation
i) Group assignments - 30%+20%
ii) Two Quiz - 7.5% each
iii) Exam - 35%