Applied Corporate Finance & Restructurings
Objectives
This course is devoted to the practical aspects of corporate financial
management. It assumes that students had previously attended the Fundamentals
of Corporate Finance course. We aim to develop corporate valuation and
corporate financial management skills.
General characterization
Code
14509
Credits
6
Responsible teacher
Paulo Soares de Pinho
Hours
Weekly - Available soon
Total - Available soon
Teaching language
Portuguese | English
Prerequisites
Available soon
Bibliography
Reference Textbook :
Berk,
Jonathan and DeMarzo, Peter, “Corporate finance”, 4th ed, Pearson
Livro
complementar:
Koller,
Tim, Goedhart, Marc and Wessels, David “Valuation: Measuring and Managing the
Value of Companies”, 6th ed, University Edition, McKinsey & Co, Wiley
Finance, 2015.
Teaching method
This is an applied course and thus relies extensively on class
discussion of case studies, and therefore requires preparation in advance of
each class. Case discussions will be supplemented with lectures, simulations,
guest speakers and class exercises.
Evaluation method
The assessment of this curricular unit is done together with the block
of curricular units of the same area of knowledge. This assessment has 3
moments, which together define the final grade of the curricular unit:
•
Individual exam with a weighting of 50% of the total mark
•
Group work with a weighting of 35% of the total grade value
•
Individual reflection-action exercise carried out at the end of the curricular
unit, with a weighting of 15% of the total grade value. The set of individual
action-reflection exercises is a journaling activity, which will constitute, at
the end, a learning portfolio capable of synthesising the contributions of the
Executive Master for that student.
Subject matter
The course will be structured around the following topics.
•
Corporate valuation
•
Capital structure and corporate financing;
•
Bank loans; covenants and other constraints
•
Issuing corporate bonds; rating
•
Convertible debt and other hybrid securities
•
Raising equity; IPO's
•
Project Finance
•
Net working capital and net working capital requirements; Financing capital
employed
•
Return on capital Employed and its impact on value creation
• Short-term
financial management