Identifying Data 2020/21
Subject (*) Finance Theory Code 611G02021
Study programme
Grao en Administración e Dirección de Empresas
Descriptors Cycle Period Year Type Credits
Graduate 1st four-month period
 Third Obligatory 6
Language
Spanish
Teaching method Face-to-face
Prerequisites
Department Empresa
Coordinador
Iglesias Antelo, Susana
 E-mail
susana.iglesias.antelo@udc.es
Lecturers
Boedo Vilabella, Lucia
Iglesias Antelo, Susana
Vizcaino Gonzalez, Marcos
 E-mail
lucia.boedo@udc.es
susana.iglesias.antelo@udc.es
marcos.vizcaino@udc.es
Web http://moodle.udc.es
General description Esta materia está enfocada á análise da toma de decisións en materia de financiamento empresarial e de investimento financeiro.
É complementaria das materias "Teoría do Investimento", do curso anterior, e "Planificación Financeira", do curso seguinte. No conxunto das tres trátanse os temas máis importantes da dirección financeira da empresa.
Contingency plan 1. Modificacións nos contidos: ningunha.

2. Metodoloxías
*Metodoloxías docentes que se manteñen: todas.

*Metodoloxías docentes que se modifican: adáptanse todas a formato virtual.

3. Mecanismos de atención personalizada ao alumnado: contémplase o seu desenvolvemento online en calquera escenario, incluído o presencial.

4. Modificacións na avaliación: cando sexa necesario levarase a cabo a través de Teams e Moodle.

*Observacións de avaliación: mantéñense.

5. Modificacións da bibliografía ou webgrafía: ningunha.

Study programme competencies
Code Study programme competences
A1 Manage an enterprise or small organization, understanding their competitive and institutional position and identifying their strengths and weaknesses
A2 Integrate in any functional area of micro-firms or SMEs and perform fluently any management task commissioned
A3 Evaluate and foreseeing, from relevant data, the development of a company.
A4 Elaborate advisory reports on specific situations of companies and markets
A5 Write projects about specific functional areas (e.g. management, marketing, financial) of the company
A6 Identify the relevant sources of economic information and to interpret the content.
A8 Derive, based on from basic information, relevant data unrecognizable by non-professionals.
A9 Use frequently the information and communication technology (ICT) throughout their professional activity.
A10 Read and communicate in a professional environment at a basic level in more than one language, particularly in English
A11 To analyze the problems of the firm based on management technical tools and professional criteria
B1 CB1-The students must demonstrate knowledge and understanding in a field of study that part of the basis of general secondary education, although it is supported by advanced textbooks, and also includes some aspects that imply knowledge of the forefront of their field of study
B2 CB2 - The students can apply their knowledge to their work or vocation in a professional way and have competences typically demostrated by means of the elaboration and defense of arguments and solving problems within their area of work
B3 CB3- The students have the ability to gather and interpret relevant data (usually within their field of study) to issue evaluations that include reflection on relevant social, scientific or ethical
B4 CB4-Communicate information, ideas, problems and solutions to an audience both skilled and unskilled
B5 CB5-Develop skills needed to undertake further studies learning with a high degree of autonomy
B6 CG1-Perform duties of management, advice and evaluation in business organizations
B7 CG2-Know how to use the concepts and techniques used in the various functional areas of the company and understand the relationships between them and with the overall objectives of the organization
B8 CG3- Know how to make decisions, and, in general, assume leadership roles.
B9 CG4-Learn to identify and anticipate opportunities, allocate resources, organize information, select and motivate people, make decisions under conditions of - uncertainty, achieve the proposed objectives and evaluate results
B10 CG5-Respect the fundamental and equal rights for men and women, promoting respect of human rights and the principles of equal opportunities, non-discrimination and universal accessibility for people with disabilities.
C1 Express correctly, both orally and in writing, in the official languages of the autonomous region
C4 To be trained for the exercise of citizenship open, educated, critical, committed, democratic, capable of analyzing reality and diagnose problems, formulate and implement knowledge-based solutions oriented to the common good
C5 Understand the importance of entrepreneurial culture and know the means and resources available to entrepreneurs
C6 Assess critically the knowledge, technology and information available to solve the problems and take valuable decisions
C7 Assume as professionals and citizens the importance of learning throughout life.
C8 Assess the importance of research, innovation and technological development in the economic and cultural progress of society.

Learning aims
Learning outcomes Study programme competences
Know and integrate the financial logic to apply in making financial decisions A1
A2
A3
A6
A8
A11
 B2
B6
B8
B10
 C6
Know the basic financial theories on capital markets and understand their practical implications A6
A8
A10
A11
 B1
B3
B5
B7
 C4
C6
C8
Know how to value a financial investment A2
A4
A5
A8
A11
 B4
B9
 C1
C6
Know how to develop financial models and apply computer tools A9
A11
 B6
 C5
C6
C7

Contents
Topic Sub-topic
PART I: BUSINESS FINANCING 1. Funding sources and their costs: the cost of capital
2. Capital structure: the firm's debt policy
PART II: PORTFOLIO SELECTION AND CAPITAL ASSET PRICING 1. Return and risk
2. Optimal portfolio construction
3. Capital asset pricing
PART III: FINANCIAL DERIVATIVES 1. Futures and options: valuation and investment strategies
2. Swaps

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A10 B1 B2 B5 B10 C4 C5 C6 C7 C8 18 36 54
Problem solving A1 A2 A3 A4 A5 A6 A8 A11 B2 B3 B4 B5 B6 B7 B8 B9 C1 20 40 60
Mixed objective/subjective test A1 A4 A6 A8 A11 B2 B3 B4 B6 B7 B8 C1 C4 4 16 20
Seminar A3 A6 A8 A9 A11 B2 B3 B7 4 3 7
Mixed objective/subjective test A1 A4 A6 A8 A11 B2 B3 B4 B6 B7 B8 C1 C4 2 6 8
 
Personalized attention 1 0 1
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech Theoretical-practical exposition of program topics
Problem solving Applying knowledge gained with study to solve problems
Mixed objective/subjective test Theoretical-practical tests that may be of different types (test, short answer, long answer ...) and that constitute continuous evaluation
Seminar Small group tutoring to be held in the semester
Mixed objective/subjective test Theoretical-practical exam on the program contents

Personalized attention
Methodologies
Mixed objective/subjective test
Seminar
Mixed objective/subjective test
Description
Tutoring in small groups will be carried out through Teams on the dates set throughout the semester.

Individual tutoring for all the students will also be carried out through Teams and in tutoring hours published at the beginning of each semester. Students are recommended to contact their teacher in advance by email to make an appointment, indicating the subject and the group to which they belong, in order to facilitate the management and effectiveness of tutoring.

Assessment
Methodologies Competencies Description Qualification
Mixed objective/subjective test A1 A4 A6 A8 A11 B2 B3 B4 B6 B7 B8 C1 C4 During the class period, several tests will be carried out and will together account for 60% of the final grade (maximum 6 points). 60
Mixed objective/subjective test A1 A4 A6 A8 A11 B2 B3 B4 B6 B7 B8 C1 C4 Final exam for the 40% of the final grade (maximum 4 points). It will be held in first opportunity (January in the degree in BMA and May / June in the combined program of degrees in BMA and Law) and in second opportunity (July) on the dates set by the Faculty Board. 40
 
Assessment comments

The grade of NOT PRESENTED will only be awarded to students whose participation in assessment activities has a weight of less than 20% over the final grade, regardless of the grade achieved.

In the SECOND EVALUATION OPPORTUNITY there will be the possibility of recovering the grade of the continuous assessment through a test that will have a weight of 40% in the final grade (maximum 4 points), whose grade will replace the one obtained in the continuous assessment first opportunity in case it is higher than this.

The "ADELANTADA" EVALUATION OPPORTUNITY will take place on the date established by the Faculty and the exam will be a mixed test of all the contents and competences of the subject and for 100% of the grade.

The exposed evaluation also applies to the students with RECOGNITION OF PART-TIME DEDICATION and ACADEMIC DISPENSE OF EXEMPTION FROM ATTENDANCE.

As for the FRAUD AND DISCIPLINARY RESPONSIBILITIES, the provisions of article 14 of the UDC "Normas de avaliación,
revisión e reclamación das cualificacións dos estudos de grao e
mestrado universitario" will apply.

The student must prove their personality in accordance with current regulation.

Sources of information
Basic www.aebanca.es (). Asociación Española de Banca.
www.bde.es (). Banco de España.
www.bolsamadrid.es (). Bolsa de Madrid.
www.cnmv.es (). Comisión Nacional del Mercado de Valores.
Piñeiro, C.; De Llano, P. (2010). Dirección financiera. Un enfoque centrado en valor y riesgo. Madrid: Delta
CNMV (). El mercado de valores y los productos de inversión. Manual para universitarios. www.cnmv.es
www.enisa.es (). Financiación pública para pymes.
Pindado, J. (dir.) (2012). Finanzas empresariales. Madrid: Paraninfo. Material en www.paraninfo.es/catalogo/9788497328951/finanzas-empresariales
www.ico.es (). Instituto de Crédito Oficial.
www.igape.es (). Instituto Gallego de Promoción Económica.
Boedo, L. (2009). Las fuentes de financiación y su coste. A Coruña: Netbiblo. Descargable en ruc.udc.es/dspace/handle/2183/11816
www.bolsasymercados.es/mab (). Mercado Alternativo Bursátil.
www.meff.es (). Mercado Español de Derivados Financieros.
oikonomicon.udc.es (2020). Página del profesor Carlos Piñeiro Sánchez.
Brealey, R.; Myers, S.; Allen, F. (2015). Principios de finanzas corporativas. 11ª ed.. Madrid: McGraw-Hill. Accesible en formato electrónico para lectura en www.ingebook.com
CNMV (). Qué debe saber de... Los productos de Renta Fija. Guía informativa de la CNMV. www.cnmv.es
CNMV (). Qué debe saber de... Opciones y Futuros. Guía informativa de la CNMV. www.cnmv.es

Complementary Suárez, A. (2014). Decisiones óptimas de inversión y financiación en la empresa. 22ª ed.. Madrid: Pirámide
Doldán, F. (2003). Dirección financiera de la empresa. Santiago: Tórculo
Piñeiro, C.; De Llano, P. (2012). Finanzas empresariales: teoría y modelos con hoja de cálculo. Santiago: Andavira
Hull, J. C. (2013). Introducción a los mercados de futuros y opciones. 8ª ed.. México: Pearson Educación
Álvarez, B.; Boedo, L. (2011). La financiación empresarial: exposición teórica y análisis de la operativa. Estudio de casos reales desarrollados en Excel. Barcelona: Inforbook's
Piñeiro, C.; De Llano, P. (2009). Principios y modelos de dirección financiera. Santiago: Andavira


Recommendations
Subjects that it is recommended to have taken before
Financial Operations Analysis/611G02004
Statistics I/611G02006
Financial Accounting I/611G02013
Statistics and Introduction to Econometrics/611G02014
Financial Accounting II/611G02018
Investment Theory/611G02020

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus
Financial Planning/611G02034

Other comments

In the hybrid teaching scenario face-to-face and online sessions will be combined following the instructions of the institution.


(*)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.