Type A
|
Code |
Competences Specific | | A3 |
Find, analyze and interpret quantitative and qualitative information of a financial, accounting, economic, social and legal nature that is relevant to the taking of business decisions.
|
| A9 |
Draw up economic management projects at the international, national, regional, local or company level.
|
Type B
|
Code |
Competences Transversal | | B4 |
Autonomy, responsibility and initiative |
| B5 |
Teamwork, collaboration and sharing of responsibility |
Type C
|
Code |
Competences Nuclear | | C1 |
Have an intermediate mastery of a foreign language, preferably English |
| C2 |
Be advanced users of the information and communication technologies |
| C3 |
Be able to manage information and knowledge |
| C4 |
Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV |
Type A
|
Code |
Learning outcomes |
| A3 |
Determine the different effects of company leverage and Apply these to the analysis of the profitability and risk of shareholders.
Define and Understand the concept of capital cost and can Use the different models for calculating this cost.
Apply the different models regarding both capital structure and dividend policy to financial decision taking with a company.
Understand the characteristics and Uses of different banking products.
| | A9 |
Analyze and draft reports of the company's financial situation .
|
Type B
|
Code |
Learning outcomes |
| B4 |
Manage and organize their work and time as scheduled.
Do the work planned in accordance with the quality criteria provided.
Present results before the stipulated deadlines.
Recognize the good and bad points of their approach to a particular task.
Decide what needs to be done for a particular job/project and do it according to schedule.
| | B5 |
Help to define, organize and distribute the group’s tasks.
Finish the tasks assigned to them in the time allowed and with the resources available.
Take active part in planning the work of the team, and in distributing the tasks and the deadlines.
|
Type C
|
Code |
Learning outcomes |
| C1 |
Explain and justify briefly their opinions and projects.
Understand instructions about classes or tasks assigned by the teaching staff.
Understand the general meaning of texts that have non-routine information in a familiar subject area.
Take notes during a class.
Write letters or take notes about foreseeable, familiar matters.
| | C2 |
Use software for off-line communication: word processors, spreadsheets and digital presentations.
| | C3 |
Locate and access information effectively and efficiently.
Critically evaluate information and its sources, and add it to their own knowledge base and system of values.
Reflect on, review and evaluate the information management process.
| | C4 |
Produce well-structured, clear and rich written texts
|
Topic |
Sub-topic |
UNIT 1. Leverage and risk |
1.1. Concept and definition.
1.2. Operating leverage and financial leverage
1.3. ROE analysis.
1.4. Operating and financial risk. Measures.
|
UNIT 2. Cost of capital |
2.1. Concept and determinants of cost of capital
2.2. The cost of equity capital. Models.
2.3. The cost of debt.
2.4. Weighted average cost of capital (WACC).
|
UNIT 3. Capital Structure |
3.1. The problem of capital structure.
3.2. The Traditional Thesis.
3.3. The Modigliani-Miller Theorem (MM)
3.4. Trade off theory.
3.5. Other determinants.
|
UNIT 4. Dividend Policy |
4.1. Introduction to the dividend policy problem.
4.2. Dividend policy in a perfect market.
4.3. Gordon-Shapiro model.
4.4. Why dividend policy matters?
|
Methodologies :: Tests |
|
Competences |
(*) Class hours
|
Hours outside the classroom
|
(**) Total hours |
Introductory activities |
|
1 |
0 |
1 |
Lecture |
|
28 |
26 |
54 |
IT-based practicals in computer rooms |
|
26 |
58 |
84 |
Personal attention |
|
1 |
2 |
3 |
|
Mixed tests |
|
4 |
4 |
8 |
|
(*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. |
Methodologies
|
Description |
Introductory activities |
S'introdueixen els objectius de l'assignatura, el mètode docent i els criteris d'avaluació. |
Lecture |
Es defineixen i analizen els instruments i eines per poder prendre decisions de finançament en l'àmbit empresarial. |
IT-based practicals in computer rooms |
S'empren eines de programari informàtic (fulls de càlcul i processador de textos) per resoldre els problemes que intenta resoldre l'assignatura. |
Personal attention |
Es resoldran dubtes i preguntes i s'orientarà a l'alumne de cara a la realització de proves d'avaluació. |
Description |
Els alumnes disposen d'hores de consulta per resoldre dubtes del temari, dels exercicis, i de totes les activitats complementàries. |
Methodologies |
Competences
|
Description |
Weight |
|
|
|
|
IT-based practicals in computer rooms |
|
During the course, there will be exercises and practices. |
50% |
Mixed tests |
|
Theoretical and practical knowledge will be evaluated through an objective test (final examination of the subject). |
50% |
Others |
|
|
|
|
Other comments and second exam session |
The subject, both in the first and second call, is assessable through continuous assessment (CA), which consists of the following activities: Exercises and practices: 50% of the mark will come from the different tests carried out during the course (presentations, practices, works and exercises). Final exam: the remaining 50% will come from a final test-type exam. Minimum mark in the final exam to pass the subject: 3. Class attendance is mandatory. A minimum of 75% must be attended in order to pass the subject following the continuous assessment. Comments: in the second call, it will be necessary to present the exercises and practices proposed during the course: 50% of the mark. The final exam of the second call counts for 50%. Minimum grade: 3. |
Basic |
Brealey, R.; Myers, S, Fundamentos de financiación empresarial, , Madrid
Suárez Suárez, A.S, Decisiones óptimas de inversión y financiación en la empresa, , Madrid
Borrell, M.; Crespí, R, Direcció financera de l’empresa, , Barcelona
R. C. Higgins, Análisis para la dirección financiera, , Madrid
F.X. Borràs; X. Càmara, Introducció a direcció financera, , Tarragona
FX Borràs, X Càmara, Apunts de l'assignatura, ,
Xavier Càmara, F Xavier Borràs Balsells, Xavier Sabi Marcano, Efectes de l'endeutament, Segona edició, 2019, PID 00267782, FUOC, Barcelona
Xavier Càmara, F Xavier Borràs Balsells, Anna Vendrell, Cost de les fonts de finançament o cost de capital, Segona edició, 2019, PID 00267780, FUOC, Barcelona
F Xavier Borràs, Anna Vendrell Vilanova, L'estructura de capital, Segona edició, 2019, PID 00267783, FUOC, Barcelona
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Complementary |
Fernández, A.I.; García Olalla, M, Las decisiones financieras de la empresa, , Barcelona
Arroyo, A.M.; Prat, M., Dirección Financiera, , Bilbao
Ross, S.; Westerfield, R.L;Jaffe, J., Finanzas corporativas, , Madrid
Durán Herrera, J.J., Economía y Dirección Financiera de la Empresa, , Madrid
Weston, J. i Brigham, E., Fundamentos de administración financiera, , México
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Subjects that it is recommended to have taken before |
STATISTICS I/16224007 | FINANCIAL ACCOUNTING/16224002 | FINANCIAL MANAGEMENT: INVESTMENT/16224101 |
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(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation. |
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