Teaching Methodologies
The teaching of the curricular unit is based on recent research materials and the experience gained through practice. The pedagogy of the
course is strongly interactive. It wants substantial participation of students and know-how learning. Teaching methods include group
discussion of real cases and individual elaboration of pedagogical exercises. Emphasis is placed on helping students relate concepts,
ideas, and theories to real practice.
The classes are theoretical-practical, and the presence and participation active in the classes is optional, although strongly recommended.
Learning Results
The general aim of this course is to provide students with the necessary foundations to rationalize companies’ financial problems, seeking
to present a rigorous and in-depth conceptual and methodological framework for their analysis.
In terms of specific competences and objectives, the aim is for students, by the end of this course, to have acquired the knowledge and
developed the skills that will enable them, on a conceptual and practical level, to understand, discuss and evaluate the impact of:
1. investment decisions and their ability to create value;
2. decisions on capital structure;
3. decisions on profit distribution policy;
4. decisions on the choice of specific financing sources;
5. cash management decisions.
6. financial planning.
Program
1. INTRODUCTION
2. INVESTMENT DECISIONS: AN INTRODUCTION
a. The cash flows of the investment
b. Investment valuation criteria
3. COMPANY VALUATION: AN INTRODUCTION
a. Discounted Cash Flows
b. Economic Value Added
c. Market Multiples
4. MEDIUM AND LONG-TERM FINANCING AND COST OF CAPITAL
a. Sources of long-term financing
b. Capital structure policy and its main determinants
c. Risk, profitability, and opportunity cost of capital
d. Determination of WACC
5. PROFIT DISTRIBUTION POLICY
a. Different forms of distribution of results: dividends and repurchases
b. Key determinants of the distribution policy
6. SHORT-TERM FINANCIAL DECISIONS
a. Basic principles of treasury management
b. Working Capital Management
c. Short-term financial investments
d. Sources of short-term financing
7. FINANCIAL PLANNING
Internship(s)
NAO
Bibliography
1. Benzinho, J. (2015). Objetivos da empresa, comportamento dos investidores e gestores, governo societário e decisões financeiras. Doi:
10.13140/RG.2.1.4425.8644
2. Benzinho, J. (2016). A distribuição de riqueza pelos proprietários da empresa.
3. Martins, A., Cruz, I., Augusto, M., Silva, P. & Gonçalves, P. (2016). Manual de Gestão Financeira Empresarial, 2a edição, Escolar
Editora.
4. Ross, Stephen A, Westerfield, Randolph W., Jaffe, Jeffrey e Jordan Bradford D. (2022) Corporate Finance, 13th Edition. MCGRAW-HILL
EDUCATION.
5. Vieito, J. P. & Maquieira, C. P. (2022). Finanças Empresariais – Teoria e Prática, 3ª edição. Escolar Editora.