presentación curso finanzas corporativas 2013 by jirodriguez

Introduction to Corporate Finance

Juan Ignacio Rodriguez

PG International Banking and Financial Services

Bachelor degree in Business Management University Konrad Lorenz BA Business and Management

Postgraduate tough course in Finance University Sergio Arboleda Specialist in Finance

Postgraduate tough Course in International Banking and Financial Services University of Reading. UK PG IBFS

Postgraduate tough course in Education University Gran Colombia Specialist in Education

Juan Ignacio Rodriguez

PG International Banking and Financial Services

¿What are firm decision-makers hired to do?

“General motors is not in the business of making cars; General motors is in the business of making money”

Alfred P. Sloan

The Financial Manager

The financial manager can help in the attainment of corporate objectives such as:

•1) Strategic investment and financing decisions

•2) Dealing with the capital Markets

•3) Managing exposure to risk

•4) Forecasting, coordination and control

Juan Ignacio Rodriguez

PG International Banking and Financial Services

Financial Objectives of a Business

It has to be related with stockholder wealth maximization

A. Firm´s Value

B. Expected cash

flows

C. To maximize the

price of the firm´s common stock

Company: ¿Quoted or Unquoted?

Rate of return and dividends

Juan Ignacio Rodriguez

PG International Banking and Financial Services

Chain of Value Creation

Profits

Rate of Return

NET Cash Flows

ROA, ROE and EPS

¿How is it measured?

Juan Ignacio Rodriguez

PG International Banking and Financial Services

Framework for financial decisions

Risk:

Exchange rate risk

Interest Rate risk

Credit risk analysis

Country risk analysis

Systematic and non-systematic risk

Capital Markets: Investment decisions and strategies

Long term financing:

Present Value,

future Value

WACC

Capital Asset Pricing Model

Returning Value to Shareholders

Learning Objectives

The Colombian Stock

Exchange Contest

Juan Ignacio Rodriguez

PG International Banking and Financial Services

E-Learning Tools Web Sites: Business and Finance by Jirodriguez

http://es-es.facebook.com/pages/Business-and-Finance-by-Jirodriguez/102776419779638

rodriguezjua@gmail.com

Juan Ignacio Rodriguez

PG International Banking and Financial Services

Very welcome and I wish to all of you success

Yours faithfully

Juan Rodríguez PG IBFS

Juan Ignacio Rodriguez

PG International Banking and Financial Services