Finanzas Corporativas (2235.YR.003962.3)

Datos generales

Tipo:	OBL	Curso:	3	Periodo:	S semestre
Créditos ECTS:	4 ECTS

Profesorado:

Grupo	Profesor	Departamento	Idioma
Year 3	Lydia Ros Frizón	Economía, Finanzas y Contabilidad	ENG

Introductory and compulsory courses in Accounting and Financial Analysis, Fundamentals of Financial Markets, Microeconomics and Macroeconomics.

Introductory and compulsory courses in Accounting and Financial Analysis, Fundamentals of Financial Markets, Microeconomics and Macroeconomics.

Workload distribution:
Conceptual sessions 2 Sections of around 30 students 44,0 hours
Mentoring sessions 3-4 Subsections of 15-20 students 10,0 hours
Independent study: 76,0 hours
Tutorials/feedback per section: 10,0 hour

It is essential for Business Administration students to be able to identify threats to and opportunities for value creation in companies; know the different value measurement models and understand their advantages and limitations; and be able to apply them when selecting investments and resources for a company, while also identifying the contribution made by Financial Management to value creation for the shareholder.

Upon completing this course students should be able to:
- Recognise the determining factors for the creation of value for shareholders
- Model and structure knowledge so as to be able to apply it to investment selection processes and company appraisals.

1. Long-term financial planning Financial Balance Sheet & Financial Analysis Balance sheet reorganization for valuation Financial Planning

2. Capital budgeting and project analysis Free Cash Flow to the firm (FCFF) Capital Budgeting methods: Payback Net Present Value (NPV) Internal Rate of Return (IRR) Advantages and disadvantages of the methods Modified Internal Rate of Return (MIRR) Free Cash Flow to Equity (FCFE) Shareholders' added value

3. Cost of capital Weighted Average Cost of Capital (WACC) Beta Asset & Beta Equity CAPM & Cost of Equity Cost of Debt Optimal Financial Structure

4. Company Valuation Value versus Price Valuation Methods: Discounted Cash Flow valuation Enterprise Value & Equity Value

The course has been designed on three levels in order to promote understanding and the implementation of the basic concepts. The syllabus has therefore been designed to include:
1. Conceptual level: Concepts are formally presented and then applied by means of examples. In order to do so, students will be provided with materials that are used in class to develop each subject.
2. Self-learning level: Students will be given reading assignments on both conceptual and practical contents which will provide them with in depth knowledge of the topics that are covered in class.
3. Relational or group level: The course makes use of the case study methodology whereby students working in groups can analyze, propose and put forward solutions to the cases they have been assigned.

To facilitate the learning process, new materials have been added to the subject's website, which will be continuously adapted according to needs:
· Short subtitled videos with basic concepts
· Slides adapted to facilitate the monitoring of these videos
· Simple examples and solution templates that help the student's autonomous work

Throughout the course the solutions to the exercises and cases carried out will be uploaded.

All regular sessions will last two hours. In lecture sessions, we will focus on the content of the videos that the student should have previously seen on the general content website. In practice sessions, students should apply these concepts to cases.

Actividades de evaluación

Brealey, Richard; Stewart Myers, Franklin Allen
Principles of Corporate Finance
Publisher: McGraw-Hill Education

Ross, Stephen A.; Westerfield, Randolph W.; Jaffe, Jeffrey; Jordan, Bradford
Corporate Finance
Publisher: McGraw-Hill Education

Berk, Jonathan & Peter De Marzo:
Corporate Finance. Global Edition,
Ed. Pearson

DAMODARAN: Damodaran on Valuation, Wiley, 1994.

Grupo	Profesor	Departamento
Year 3	Lydia Ros Frizón	Economía, Finanzas y Contabilidad