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Syllabus |
1.INTRODUCTION TO THE STUDY OF FINANCIAL MANAGEMENT
1.1 Purpose of Financial Management and 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 Modigliani and Miller's Theorem (MM): with taxes on profits
2.4 Static trade-off theory
2.5 Theory of the agency, Theory of signaling, Theory of hierarchical preferences
2.6 Empirical Evidence on Capital Structure decisions
3. FINANCING DECISIONS AND COMPANY VALUE CREATION 4 DIVIDEND DISTRIBUTION DECISIONS
4.1 Introduction to the problem of dividend distribution
4.2 Information, signaling, and dividend policy
4.3 Free cash flows, agency problems, and dividend policy
4.4 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 Finance
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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, 6th 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 DAMODARAN, A. (2007). Corporate Finance - Theory and Practice, John Wiley 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
Stephen Ross and Randolph Westerfield and Bradford Jordan, Fundamentals of Corporate Finance, McGraw-Hill College, New York, 2019, 12th Edition, ISBN10: 1259918955
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Teaching Methodologies and Assessment Criteria |
The teaching methodology focuses on the exposition of the topics related to the five points of the Curricular Unit fulfilling the previously mentioned objectives. The methodologies, by focusing on the theoretical approach to financial decisions and, in the analysis of the empirical evidence, allow to highlight the importance of scientific research for a deeper understanding of the various topics of Business Finance and thus the necessary competence to investigate and write articles.
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