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Corporate Finance

Code 12420
Year 1
Semester S2
ECTS Credits 6
Workload OT(15H)/TP(30H)
Scientific area Management
Entry requirements n.a.
Mode of delivery Face-to-face.
Learning outcomes - Provide skills on advanced topics of Corporate Finance, seeking to prepare students for professional activity. - Provide skills for decision taking on investment, financing and dividend areas; - Provide competences for capital cost measurement and management; - Develop the critical and creative capacity of students; - Develop the interest of students by scientific research; - Develop the spirit of teamwork and the exchange of ideas.
Syllabus 1. Introduction 1.1 Introduction to Corporate Finance concepts 1.2 Financial decision making and company value creation 2. Capital Structure Decisions 2.1 The importance of capital structure decisions 2.2 Modigliani and Miller Theorem (MM) 2.4 Static Trade-off Theory 2.5 Agency Theory 2.6 Signally theory 2.7 Theory of hierarchical preferences 2.8 Empirical evidence 3. Financing Decisions and Value Creation in the Company 3.1 Financing decisions and value creation 3.2 Medium- and long-term debt financing operations 3.3 Hybrid financing operations 3.4 Empirical evidence 4. Dividend distribution decisions 4.1 Introduction to dividend distribution 4.2 Information, signalling and dividend policy 4.3 Free cash flows, agency issues and dividend policy 4.4 Empirical evidence 5. Short-term financial decisions 5.1. Financial planning and short-term financial management 5.2. Treasury management 5.3 Empirical evidence
Main Bibliography Berk, J. and Demarzo, P. (2017). Corporate Finance, Pearson Education, 4th Edition. Besley, S. and. Brigham, E. F. (2000). Essentials of Managerial Finance, The Dryden Press, 12th Edition. Bodie, Z. and Merton, R. (2000). Finance. Prentice-Hall. Brealey, R., S. Meyers and F. Allen (2012), Princípios de Finanças Empresariais, McGraw-Hill, 9th Edition. DAMODARAN, A. (2014). Applied Corporate Finance 4th, John Wiley and Sons Inc. Ross, S. A., Westerfield, R. W. and Jaffe, J. (2013). Corporate Finance, Irwin/ McGraw-Hill, 10th Edition, Tirole, J. (2006). The Theory of Corporate Finance, Princeton University Press, New Jersey.
Teaching Methodologies and Assessment Criteria The method adopted combines the theoretical exposition with the practical case resolution, covering the framework, concepts, models and techniques inherent to each of the subjects to be taught. In order to emphasize the practical implications of the subjects discussed, practical exercises will be carried out, as well as the presentation of research work to be carried out by the students. During the semester the themes of the research work to be developed by the students will be defined.
Language Portuguese. Tutorial support is available in English.
Last updated on: 2016-06-16

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