Estructura de capital y política de dividendos from Coursera

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Syllabus

Estructura de Capital y Política de Dividendos

En el curso Estructura de Capital y Política de Dividendos se analizará la forma en la que una empresa financia sus activos a través de métodos internos o externos, estructurando así su pasivo y capital. Dichas fuentes de financiamiento se ven reflejadas en el costo de capital promedio ponderado (Weighted Average Cost of Capital, WACC). De la mano de la determinación de dicho costo de financiamiento y de la estructura del capital, el administrador financiero deberá determinar la política de dividendos, tomando como referencia el teorema de Modigliani-Miller.

Estructura de Capital

En este módulo, Estructura de Capital, verificaremos el concepto de capital con el que cuenta la empresa y que es aportado por accionistas de la empresa, es decir, los dueños de ese capital. La existencia óptima de la estructura de capital, esto quiere decir, la mezcla o el conjunto de capital propio y capital ajeno para el desarrollo de las funciones de la empresa.

Costo de Capital

Como es frecuente que la utilización de capital tenga un costo que se relaciona íntimamente con el resultado del ciclo operativo de la empresa, debemos revisar el concepto clásico de la estructura de capital, así como las proposiciones de Modigliani y Miller, las cuales nos llevarán a determinar una estructura óptima de capital.

Riesgo

Continuando con la revisión de la conformación del capital de la empresa verificaremos el concepto de riesgo, considerando como riesgo financiero aquel que se encuentra presente en las decisiones de financiamiento de las operaciones de la empresa, y revisaremos el concepto beta, necesario para la valoración de ese riesgo financiero.

Valuación de Activos Financieros (CAPM)

Veremos el concepto de valuación de activos financieros (CAPM) y que esa valuación nos permitirá visualizar la valuación de los activos financieros revisando el modelo correspondiente y su aplicación de acuerdo a la fórmula de ese concepto.

Política de Dividendos

Ahora vamos a verificar el significado de la política de dividendos. La estructura de capital a la que nos hemos referido está representada por diversos tipos de acciones y su adecuada aplicación, como el retorno del capital de los accionistas y de los proveedores. Y la forma adecuada en la que el administrador financiero elegirá la mejor estructura de capital, que beneficie al resultado final llamado política de dividendos.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Analiza cómo las empresas financian sus activos para estructurar su pasivo y capital mediante métodos internos y externos

Explora el costo de capital promedio ponderado (WACC) y su relación con el financiamiento y la estructura del capital

Examina el teorema de Modigliani-Miller y su importancia en la determinación de la política de dividendos

Enseña modelos de valuación de activos financieros como el Capital Asset Pricing Model (CAPM) y el Arbitrage Pricing Theory (APT)

Proporciona una base para comprender los conceptos fundamentales de estructura de capital y política de dividendos

Requiere conocimientos previos en finanzas corporativas

Reviews summary

Basic knowledge introduction

Based on a sample size of 1 review, this course is remarked as giving a basic introduction to the subject matter. Students remark that the content is not very engaging or in-depth but can be a good jumping-off point if you are new to the topic and need foundational knowledge.

Good for a beginner's understanding.

"if you are new to finance..."

Not ideal if desiring in-depth studies.

"The content was not in-depth enough..."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Estructura de capital y política de dividendos with these activities:

Asistir a eventos de networking con profesionales de finanzas

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Asistir a eventos de networking con profesionales de finanzas te permitirá establecer contactos, aprender sobre oportunidades laborales y obtener información sobre las tendencias actuales en el campo.

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Busca eventos de networking para profesionales de finanzas.
Asiste a los eventos y participa en conversaciones.

Contribuir al proyecto de software de finanzas de código abierto

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Contribuir a un proyecto de software de finanzas de código abierto te ayudará a aplicar tus conocimientos de estructura de capital y política de dividendos en un entorno práctico.

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Encuentra un proyecto de software de finanzas de código abierto en el que quieras contribuir.
Lee la documentación del proyecto y familiarízate con el código base.
Identifica un área en la que puedas contribuir y haz una propuesta de cambio.

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Career center

Learners who complete Estructura de capital y política de dividendos will develop knowledge and skills that may be useful to these careers:

Corporate Finance Analyst

Corporate Finance Analysts conduct research into the financial structure of corporations, make recommendations on potential investments, and help companies raise capital and manage their debt. This course could help prepare one for this career path by teaching them about the role of debt and equity financing in a corporation's capital structure, the cost of capital, and the risk involved in various investment decisions. Having a foundational understanding of these topics will help a Corporate Finance Analyst make better recommendations to companies and help them improve their financial performance.

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Investment Banker

Investment Bankers help companies and governments raise capital by underwriting and selling new debt and equity securities. This course would be helpful to someone who wants to become an Investment Banker because it teaches them about the different types of financial instruments that companies can use to raise capital, the process of underwriting and selling these securities, and the risks involved in these transactions. This knowledge would help an Investment Banker to better advise clients on how to raise capital and to structure transactions that meet their specific needs.

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Financial Analyst

Financial Analysts provide research and analysis on companies and industries to help investors make informed investment decisions. They also make recommendations on which stocks or bonds to buy or sell. This course would be helpful to someone who wants to become a Financial Analyst because it teaches them about the different types of financial instruments that companies can issue, and how to analyze these instruments to make sound investment recommendations.

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Portfolio Manager

Portfolio Managers manage investment portfolios for individuals and institutions. They make decisions about which stocks, bonds, and other financial instruments to buy and sell in order to meet the investment objectives of their clients. This course would be helpful to someone who wants to become a Portfolio Manager because it teaches them about the different types of financial instruments that are available, the risks and returns associated with these instruments, and how to construct a diversified portfolio that meets the investment objectives of their clients.

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Risk Manager

Risk Managers identify, assess, and manage financial risks for companies and institutions. They develop and implement policies and procedures to mitigate these risks, and they advise management on how to make decisions that minimize risk. This course would be helpful to someone who wants to become a Risk Manager because it teaches them about the different types of financial risks that companies face, how to measure and quantify these risks, and how to develop and implement strategies to mitigate these risks.

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Auditor

Auditors examine and evaluate the financial records of companies and organizations to ensure that they are accurate and in compliance with accounting standards. They also provide assurance to stakeholders that the financial statements of a company are accurate and reliable. This course would be helpful to someone who wants to become an Auditor because it teaches them about the different accounting standards and regulations that companies must comply with, and how to conduct an audit to ensure that these standards are being followed.

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Tax Accountant

Tax Accountants prepare and file tax returns for individuals and businesses. They also advise clients on how to minimize their tax liability and comply with tax laws. This course would be helpful to someone who wants to become a Tax Accountant because it teaches them about the different types of taxes that individuals and businesses must pay, and how to prepare and file tax returns in accordance with tax laws.

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Financial Planner

Financial Planners provide financial advice to individuals and families. They help clients to develop financial plans that meet their individual needs and goals. This course would be helpful to someone who wants to become a Financial Planner because it teaches them about the different types of financial products and services that are available, and how to develop financial plans that meet the individual needs of clients.

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Personal Banker

Personal Bankers provide financial services to individuals, such as checking and savings accounts, loans, and investments. They also provide financial advice to help clients manage their money and reach their financial goals. This course would be helpful to someone who wants to become a Personal Banker because it teaches them about the different types of financial products and services that are available, and how to provide financial advice to clients.

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Insurance Agent

Insurance Agents sell insurance policies to individuals and businesses. They also provide advice on the different types of insurance that are available, and help clients to choose the policies that meet their individual needs. This course may be helpful to someone who wants to become an Insurance Agent because it teaches them about the different types of insurance that are available, and how to provide advice to clients on the policies that they need.

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Real Estate Agent

Real Estate Agents help clients to buy, sell, and rent real estate. They also provide advice on the different types of real estate that are available, and help clients to find the properties that meet their individual needs. This course may be helpful to someone who wants to become a Real Estate Agent because it teaches them about the different types of real estate that are available, and how to provide advice to clients on the properties that they need.

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Loan Officer

Loan Officers help clients to obtain loans from banks and other financial institutions. They also provide advice on the different types of loans that are available, and help clients to choose the loans that meet their individual needs. This course may be helpful to someone who wants to become a Loan Officer because it teaches them about the different types of loans that are available, and how to provide advice to clients on the loans that they need.

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Financial Advisor

Financial Advisors provide financial advice to individuals and families. They help clients to develop financial plans that meet their individual needs and goals. This course may be helpful to someone who wants to become a Financial Advisor because it teaches them about the different types of financial products and services that are available, and how to develop financial plans that meet the individual needs of clients.

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Budget Analyst

Budget Analysts help organizations to develop and manage their budgets. They also provide advice on how to allocate resources effectively and efficiently. This course may be helpful to someone who wants to become a Budget Analyst because it teaches them about the different types of budgets that organizations use, and how to develop and manage a budget effectively.

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Cost Accountant

Cost Accountants help organizations to track and analyze their costs. They also provide advice on how to reduce costs and improve profitability. This course may be helpful to someone who wants to become a Cost Accountant because it teaches them about the different types of costs that organizations incur, and how to track and analyze these costs effectively.

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