IDENTIFYING DATA 2017_18
Subject (*) CORPORATE FINANCE Code 20725114
Study programme
Technology and Engineering Management (2017)
Cycle 2nd
Descriptors Credits Type Year Period
3 Compulsory First 2Q
Language
Anglès
Department Economics
Coordinator
MANZANO TOVAR, CAROLINA
E-mail carolina.manzano@urv.cat
Lecturers
MANZANO TOVAR, CAROLINA
Web
General description and relevant information The main objective of the course is the analysis of investment decisions. Some concepts of valuation of assets under certainty and uncertainty are presented and we apply them to the analysis of investment decisions within the corporation. Emphasis will be placed on the calculation of the cash flows of the projects, the choice of the cost of capital and the final selection of the portfolio of investment projects.

Competences
Type A Code Competences Specific
 A1.1 Apply knowledge of business managment to technology companies and their functional areas while taking into account the multidiscplinary and ill-defined nature of the process of scientific and technical innovation.
 A1.3 Analyse the financial situation of technology companies, including the national and international tax environment, whilst taking into account their multidisciplinary and changing nature in a context of technological innovation.
 A1.4 Apply advanced methods of theoretical and empirical analysis to company decision-taking.
 A2.3 Design formulas for financing and exploiting innovation on the international financial markets.
Type B Code Competences Transversal
 B5.1 Develop sufficient autonomy to work in research projects and scientific, technological or cultural collaborations
Type C Code Competences Nuclear

Learning outcomes
Type A Code Learning outcomes
 A1.1 Define and and use the concept of capital cost and the different models for calculating it in the management of technological and industrial companies in complex international environments.
 A1.3 Apply the various decision-taking models regarding the financing of technological and industrial companies, in terms of both capital structure and dividend policy.
 A1.4 Make predictions regarding the financial situation of a technological and industrial company on the basis of economic data.
 A2.3 Apply evaluation instruments to the analysis of financing operations in the markets and to the evaluation of risks.
Type B Code Learning outcomes
 B5.1 Autonomously write reports on the financial statements of technology or industrial companies.
Type C Code Learning outcomes

Contents
Topic Sub-topic
Part I: Value
1. Time value of money
2. Basic concepts of valuation of assets
3. Evaluation criteria for investment decision
4. More in relation to evaluation criteria
Part II: Risk
5. Introduction to risk and return
6. Portfolio theory and CAPM
7. Risk and cost of capital



Planning
Methodologies  ::  Tests
  Competences (*) Class hours
Hours outside the classroom
(**) Total hours
Introductory activities
1 1 2
Lecture
A1.1
A1.3
A2.3
20 30 50
Problem solving, classroom exercises
B5.1
8 12 20
Problem solving, exercises
B5.1
2 0 2
Personal tuition
1 0 1
 
 
(*) 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
Methodologies
  Description
Introductory activities Activities designed to make contact with students, collect information from them and introduce the subject.
Lecture Description of the contents of the subject.
Problem solving, classroom exercises Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject in the classroom.
Problem solving, exercises Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject.
Personal tuition Time that each teacher has to speak to pupils and resolve their doubts.

Personalized attention
Description
On the first day of classes students will receive information about how and when can they contact the professors to solve queries and questions of the subject.

Assessment
Methodologies Competences Description Weight        
Problem solving, classroom exercises
B5.1

The studient will solve several exercises related to the topic of the subject.
20%
Problem solving, exercises
B5.1
The student will take a final exam about all the contents of the subject. 80%
Others  
 
Other comments and second exam session

There will be an exam (second call) with a weight of 100% of the final mark.


Sources of information

Basic BERK, J.; DEMARZO, P., Corporate Finance, Third Edition, Pearson
BREALEY, R. A.; MYERS, S. C.; ALLEN, F., Principles of corporate finance, Tenth Edition, McGraw-Hill

Complementary

Recommendations


(*)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.