Type A
|
Code |
Competences Specific | | A2 |
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.
|
Type B
|
Code |
Competences Transversal | | B4 |
Autonomy, responsibility and initiative |
| B5 |
Teamwork, collaboration and sharing of responsibility |
Type C
|
Code |
Competences Nuclear | | 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 |
| A2 |
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.
Students define and understand the concept of capital cost and can use the different models for calculating this cost.
Determine the different effects of company leverage and Apply these to the analysis of the profitability and risk of shareholders.
|
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 |
| 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 effective oral texts.
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 |
Practicals using information and communication technologies (ICTs) in computer rooms |
|
26 |
58 |
84 |
Personal tuition |
|
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. |
Practicals using information and communication technologies (ICTs) 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 tuition |
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 |
|
|
|
|
Practicals using information and communication technologies (ICTs) in computer rooms |
|
Els coneixements teòrics i pràctiques seran avaluats en les diferents sessions, així com amb la realització de diversos treballs.
Durant el curs es lliuraran 2 treballs (10% cadascun) i un treball final (10% ). |
30% |
Mixed tests |
|
Els coneixements teòrics i pràctics, tant de les sessions magistrals com de les pràctiques a través de TIC, seran avaluats a través de proves mixtes. Aquestes podran incloure preguntes de desenvolupament, preguntes curtes, test i problemes.
Prova tema 1: 15%
prova tema 2: 15%
prova tema 3 i final: 40% |
70% |
Others |
|
|
|
|
Other comments and second exam session |
En primera convocatòria Per aprovar l'assignatura cal obtenir més d'un 5 de mitja segons la ponderació de més amunt.
En segona convocatòriaEn cas de que la nota de l'examen final sigui superior a la que s'obtindria d'aplicar els criteris (70-30%) prevaldrà la nota de l'examen final, passant a suposar aquesta el 100% de la nota. |
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
|
En el moodle es penjaran els apunts de l'assignatura. |
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
|
|
Subjects that continue the syllabus |
FINANCIAL MANAGEMENT: INVESTMENT/16234101 |
|
Subjects that it is recommended to have taken before |
STATISTICS I/16234007 | FINANCIAL MANAGEMENT: INVESTMENT/16234101 |
|
(*)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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