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ISCTE-IUL  >  Education  >  ISCTE-IUL

Applied Corporate Finance (2 º Sem 2017/2018)

Code: 03215
Acronym: 03215
Level: 1st Cycle
Basic: No
Teaching Language(s): English
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 36.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 37.0 h/sem 113.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2017/2018
Pre-requisites There are no formal pre-requisites.
Objectives The main purpose of this course is to enable students to be able to use the theory of finance to the decision making that creates value in real business situations through the use of the concepts, methods and tools that are more appropriate.
Program 1. From EBITDA to cash
1.1 The role of economic return
1.2 The relevance of the working capital
1.3 Sustainable growth
1.4 Financing high growth
2. Capital structure and value creation
2.1 The WACC and asset appraisal
2.2 The case of listed and unlisted companies
2.3 Debt contract design and covenants
3. Corporate valuation  
3.1 From cash flow to multiples  
3.2 Control premiums
3.3 Sinergies
3.4 Capital structure  
4. Financial risk management  
4.1 Sources of value creation
4.2 Selective hedging  
4.3 The role of derivatives
Evaluation Method Continuous evaluation  
Cases: 30%
Class participation: 10%
Test: 60%

2nd chance:
Final exam (100%)
Teaching Method To contribute to the acquisition and/or development of skills, according with the established outcomes, it will be used the following learning methodologies (LM):
1. Expositional, to the presentation of the theoretical reference frames;
2. Participative, with analysis and resolution of application exercises;
3. Active, with the realization of individual and group works;
4. Self-study, related with autonomous work by the student, as is contemplated in the Class Planning.
Observations -
Basic Bibliographic ? Brealey, Myers and Allen, Principles of Corporate Finance, McGraw ? Hill, Global Edition
? Damodaram, A., Applied Corporate Finance
? Mota, A. Textos de apoio à UC
Complementar Bibliographic ? Several published papers.