ECTS credits ECTS credits: 3
ECTS Hours Rules/Memories Student's work ECTS: 51 Hours of tutorials: 3 Expository Class: 9 Interactive Classroom: 12 Total: 75
Use languages Spanish, Galician
Type: Ordinary subject Master鈥檚 Degree RD 1393/2007 - 822/2021
Center Higher Technical Engineering School
Call: Second Semester
Teaching: Sin Docencia (En Extinci贸n)
Enrolment: No Matriculable (S贸lo Planes en Extinci贸n)
The main aim of the subject is to introduce students to the main financial aspects of business management and how making them compatible with sustainability and corporate social responsibility objectives. Knowing how these concepts can affect corporate profitability and risk can help technicians and engineers to propose and design the best actions and projects for the company and to convince their Chief Executive Officers of the suitability to put them into practice. The program will review the main areas of business management, highlighting the importance of risk and innovation management, and will explain how to develop an effective financial management and how to support the strategic management of the company through the assessment of real options. Finally, the relationships between the responsible management of the company and value creation will be analysed.
UNIT 1. FUNDAMENTALS OF CORPORATE MANAGEMENT.
1.1. Business planning. Strategic tactical and operative planning.
1.2. Business organisation. Organisational structure.
1.3. Business direction. Managerial functions.
1.4. Business control. Balanced Scorecard.
1.5. Risk management.
1.6. Innovation management.
UNIT 2. FINANCIAL MANAGEMENT.
2.1. Financial planning.
2.2. Financial management.
2.3. Financial analysis.
2.4. Analysis of value creation.
UNIT 3. ASSESSMENT OF REAL OPTIONS.
3.1. Concept and types of real options.
3.2. Options assessment Methods.
3.3. Option to differ an investment.
3.4. Option to expand an investment.
3.5. Abandonment option.
3.6. Real options management.
UNIT 4. CORPORATE SUSTAINABLE MANAGEMENT VALUE CREATION
4.1. The concept of sustainability.
4.2. The concept of business social responsibility.
4.3. Relations with stakeholders.
4.4. Sustainable management and value creation.
Basic bibliography:
Brealey, R., Myers, S.; Allen, F. (2015): Principios de Finanzas Corporativas (15陋 edici贸n). McGraw Hill-Interamericana de Espa帽a.
Mun, J. (2006). Real Options Analysis. Tools and Techniques for Valuing Strategic Investments and Decisions (2nd ed.). John Wiley & Sons.
Complementary bibliography:
Amram, M.; Kulatilaka, N. (1999): Real Options: Managing Strategic Investment in an Uncertain World. Harvard Business School Press.
Benninga, S. (2008): Financial Modeling, The MIT Press.
Brealey, R. y otros (2007): Fundamentos de Finanzas Corporativas (5陋 edici贸n). McGraw Hill-Interamericana de Espa帽a.
Copeland, T., y Tufano, P. (2004). A real-world way to manage real options. Harvad Business Review, 82(3), 90-99.
D谩vila, T. y otros (2007): La innovaci贸n que s铆 funciona. Deusto.
de la Fuente Herrero, G. (2005). Las opciones reales en la estrategia empresarial. El caso del Grupo Antol铆n. Econom铆a Industrial, (358), 139-148.
Epstein, M.J. (2008): Making sustainability work: best practices in managing and measuring corporate social, environmental and economic impacts. Greenleaf Publishing.
Fern谩ndez Fern谩ndez, L. (coord) (2007): La pr谩ctica de las finanzas de empresa, Delta Publicaciones, Madrid.
Fern谩ndez S谩nchez, E. (2010): Administraci贸n de Empresas. Un enfoque interdisciplinar. Paraninfo.
Garc铆a Machado, J.J. (2001): Opciones reales: aplicaciones de la teor铆a de opciones a las finanzas empresariales. Pir谩mide
Garc铆a Manj贸n, J.V. (2010): Gesti贸n de la innovaci贸n empresarial: claves para ser una empresa innovadora. Netbiblo.
Hitchcock, D. y Willard, M. (2006): The business guide to sustainability: practical strategies and tools for organizations. Earthscan.
Johnson, E. (2012): Sustainability in the Chemical Industry. Springer.
Mascare帽as, J. (2005): 鈥淟a valoraci贸n de un proyecto biotecnol贸gico como una opci贸n real compuesta鈥, Monograf铆as de Juan Mascare帽as sobre Finanzas Corporativas.
Mascare帽as, J. y otros (2004): Opciones reales y valoraci贸n de activos. Prentice Hall.
McDonald, R.L. (2006). The Role of Real Options in Capital Budgeting: Theory and Practice. Journal of Applied Corporate Finance, 18(2), 28-39.
Pindado, J. (2012): Finanzas Empresarialies. Paraninfo.
Robbins, S. y Coulter, M. (2010): Administraci贸n (10潞 edici贸n). Pearson 鈥 Prentice Hall.
Rodr铆guez Sandi谩s, A. (2013): Modelos de An谩lisis y Valoraci贸n de Proyectos, Ed. Andavira.
Rodr铆guez Sandi谩s, A. (2016): Direcci贸n Financiera Aplicada: Inversiones, 3陋 ed. Editorial Andavira.
Romero Castro, N. (2009): Financial Implications of Sustainability for Companies and Capital Markets. Universidad de Santiago de Compostela.
Ross, Westerfield y Jaffe (2008): Finanzas Corporativas (8陋 edici贸n). Mc-Graw Hill-Interamericana de Espa帽a.
Sengupta, C. (2004): Financial Modeling. John Wiley & Sons.
Smit J.T.J., y Trigeorgis, L. (2004). Strategic Investment: Real Options and Games. Princeton University Press.
Trigeorgis, L. (1998): Real Options: Managerial Flexibility and Strategy in Resource Allocation. The MIT Press.
The subject contributes to reach the competences collected in the memory of the Master鈥檚 Degree:
- General and basic skills: CB8, CG3, CG4, CG5, CG10, CG12, CG14, and, with greater intensity, CG11 and CG15.
- Specific skills: CE9.
- Transferable skills: CT2, CT3, CT5, and, with greater intensity, CT4 and CT6
The methodology of the equivalent course (particularly the part related to business management) in the new curriculum, which offers face-to-face teaching, will be followed:
P4142106 - Entrepreneurship and business management
The assessment system of the equivalent course (particularly the part related to business management) in the new curriculum, which offers face-to-face teaching, will be followed:
P4142106 - Entrepreneurship and business management
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Juan Ramon Pi帽eiro Chousa
- Department
- Financial Economics and Accounting
- Area
- Financial Economics and Accounting
- j.pineiro [at] usc.es
- Category
- Professor: University Professor
Noelia Maria Romero Castro
- Department
- Financial Economics and Accounting
- Area
- Financial Economics and Accounting
- Phone
- 982824478
- noe.romero [at] usc.es
- Category
- Professor: Temporary PhD professor