Teaching Methodologies
Classes will be based on the teaching-learning process, having a theoretical-practical nature. The exposition of theoretical material focuses
on the fundamental concepts of the defined syllabus.
Expository, participatory and self-study teaching-learning methodologies will be used, with the analysis of real business cases taken from
different sectors that present a variety of financial decisions. The learning experience is based on theoretical exposition, problem solving,
case discussions, where the student must learn to apply business finance techniques to complex financial situations.
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. financial planning.
Program
1. INTRODUCTION
2. INVESTMENT DECISIONS: AN INTRODUCTION
2.1. The economic and financial decision to implement an investment project
2.2. Decision criteria in the acceptance of projects
3. MEDIUM- AND LONG-TERM FINANCING AND COST OF CAPITAL
3.1. Characteristics of the main sources of long-term financing
3.2. Capital structure policy and its main determinants
3.3. Risk, profitability, and opportunity cost of capital: the CAPM and the dividend models
3.4. Determination of WACC
4. DISTRIBUTION TO SHAREHOLDERS
4.1. Different forms of distribution of results: dividends and repurchases
4.2. Key determinants of the distribution policy
5. SHORT TERM FINANCIAL DECISIONS
5.1. Basic principles of treasury management
5.2. Working Capital Management
5.3. Characteristics of major short-term financial investments
5.4. Characteristics of the main sources of short-term financing
6. 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. Vieito, J. P. & Maquiera, C. P. (2022). Finanças Empresariais – Teoria e Prática, 3ª edição. Escolar Editora.
Bibliografia complementar:
1. Brealey, R., Myers, S. & Allen, F. (2019). Principles of corporate finance (13th ed.). McGraw-Hill Education.
2. Gomes, A., Nunes, J. P., Ferreira, M. A. &Barroso, C. S. (2020). Finanças Empresariais – Teoria e Prática, 6a edição, Publisher Team
3. Hill, N.C. & Sartoris, W.L. (1994). Short-Term Financial Management, 3edition, Prentice-Hall.
4. Vidigal, J. V. & Ferreira, P. J. S. (2018). Princípios de Gestão Financeira, 2a Edição, Rei dos Livros.