Corporate Finance is intrinsically oriented towards the future and based on cash flows. It focuses on collecting financial and performance resources for investors to offer counterparts, focusing on market values as expressed by the financial market.
Part One: Overview (6 Hours)
Introduction to Corporate Finance: Finance Areas: Capital Budgeting Decisions; decisions on Capital structure; Working capital management. The goal of financial management: Maximizing value.
Corporate Governance
Part Two: Value and Capital Budgeting (16 hours)
Financial Analysis: Budget Analysis, Reclassifications, Financial Statement and Long-Term Planning *
Current value and cash flows
Valuation of bonds and shares
Current net asset value and alternative investment choice criteria
Investment decisions
Risk analysis, real options and capital budgeting
* The subject of the financial analysis will be devoted more space than the one provided in the textbook, with other teaching material, which will be provided in lesson and made available on the site
Third Party: Risk (16 hours)
Risk and Performance: lessons from the history of the capital market
Risk and return: the capital asset price model
Risk, capital cost and capital budgeting
Financing decisions and efficiency of capital markets
Long-term financing: an introduction
Part Four: Financial structure and dividend policy (16 hours)
Financial Structure: The Fundamental Principles
Financial structure: the limits on the use of debt
Evaluation and capital budgeting of the indebted undertaking
Dividends and other forms of profit distribution