presentación curso finanzas corporativas 2013 by jirodriguez
TRANSCRIPT
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
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