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Finanças Empresariais

Código 15638
Ano 1
Semestre S2
Créditos ECTS 6
Carga Horária TP(30H)
Área Científica Gestão
Learning outcomes - Understand the main concepts, instruments, and tools of Corporate Finance.
- Analyze information about companies' financial decisions.
- Make the investment and financing decisions.
- Understand the interdependence between financing and investment decisions.
- Characterize the main sources of equity and debt financing.
- Understand the impact of a dividend distribution policy for the capital market.
- Understand the relationships between dividend distribution, financing, and investment decisions.
- Understand the trade-off between performance and risk.
Syllabus 1. INTRODUCTION TO THE STUDY OF FINANCIAL MANAGEMENT
1.1 Purpose of Financial Management and Introductory Concepts of Financial Management
1.2 Making Financial Decisions and Value Creation in the Company

2. CAPITAL STRUCTURE DECISIONS
2.1 The Importance of Capital Structure Decisions
2.2 Modigliani and Miller's theorem (MM): irrelevance of capital structure
2.3 Static trade-off theory
2.4 Theory of the agency, Theory of signaling, Theory of hierarchical preferences
2.5 Empirical Evidence on Capital Structure decisions

3. AS FINANCING DECISIONS AND COMPANY VALUE CREATION

4 DIVIDEND DISTRIBUTION DECISIONS
4.1 Introduction to the problem of dividend distribution
4.2 Free cash flows, agency problems and dividend policy
4.3 Empirical Evidence on a Dividend Policy

5. SHORT-TERM FINANCIAL DECISIONS
5.1 Fundamental Concepts
5.2 Treasury Management and Credit Policy
5.3 Short Term Financing
Main Bibliography BERK, J. and DEMARZO, P. (2020). Corporate Finance, Pearson Education, 5th Edition.
BESLEY, S. and. BRIGHAM, E. F. (2014). Essentials of Managerial Finance, The Dryden Press, 6 th Edition.
BODIE, Z. and MERTON, R. (2000). Finance. Prentice-Hall.
Brealey, R., S. Myers and F. Allen (2013), Princípios de Finanças Empresariais, McGraw-Hill, 10ª Edição.
CONSTANTINIDES, G., HARRIS, M. .and STULZ, R. (2003). Corporate Finance, Elsevier, North Holland.
DAMODARAN, A. (2007). Corporate Finance - Theory and Practice, John Wikey and Sons Inc, 2nd Edition.
ESPERANÇA, J.P. e MATIAS, F. (2010). Finanças Empresariais, 3ª. Edição, Dom Quixote – Gestão & Inovação.
Hillier, D., Grinblatt, M. and Titman, S. (2011). Financial Markets and Corporate Strategy, 2.ª Edição, Irving-McGraw-HILL.
TIROLE, J. (2006) The Theory of Corporate Finance, Princeton University Press, New Jersey
Language Portuguese. Tutorial support is available in English.
Data da última atualização: 2025-07-02
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