Estratégia Financeira

Part 0

Henrique C. Martins

05-02-2024

Introduction

Today:
- Introduction to the course
- Discussion about the Syllabus
- Performance assessment
- Initial discussion about finance
- First Chapter

Description

The purpose of the course is to familiarize students with the concepts and techniques related to the analysis and strategic decisions in the areas of investment and financing in a risky environment, always with the purpose of maximizing the company’s value.

At the end of the semester, the student should be able to master the:

concepts of analysis, measurement, and applications of cost and capital structure,
- including strategies regarding portfolios
earnings distribution policy,
finding firm value.

To Midterm:

Ch 23: Raising Equity Capital
Ch 10: Capital Markets and the Pricing of Risk
Ch 11: Optimal Portfolio Choice and the Capital Asset Pricing Model
Ch 12: Estimating the Cost of Capital
Ch 13: Investor Behavior and Capital Market Efficiency

To final:

Ch 24: Debt Financing
Ch 14: Capital Structure in a Perfect Market
Ch 15: Debt and Taxes
Ch 16: Financial Distress, Managerial Incentives, and Information
Ch 17: Payout Policy

Setting expectations

Your mission (should you choose to accept it…)

Read the book before class (preferably more than once).
Solve all the problems.
Ask questions.
- This is the best way to learn. I will ask questions all the time during class. I expect that you answer them.
Make notes (with your hand, not your computer)
- Research shows that taking notes boosts academic performance.
- It is better to take a note and throw it away than to take a note on your computer.

Resources

Worthington, D. L., & Levasseur, D. G. (2015). To provide or not to provide course PowerPoint slides? The impact of instructor-provided slides upon student attendance and performance. Computers & Education, 85, 14-22.

BERK, Jonathan, DeMARZO, Peter. Corporate Finance, Global Edition. 5th edition, Boston, MA: Pearson, 2019. https://amzn.to/3jl9YPl