...ANÁLISIS DE LAS DECISIONES DE INVERSIÓN Y DE FINANCIACIÓN EN LA EMPRESA Marta Gómez-Puig Universitat de Barcelona Abril 2005 Parte I (Decisiones de Inversión) Tema 1: Introducción. 1.1. La función financiera de la empresa. 1.2. Decisiones financieras de la empresa. Tema 2: La gestión del capital circulante 2.1. Activos y pasivos circulantes. 2.2. Análisis del fondo de maniobra. 2.3. Ciclo de explotación y período de maduración. Tema 3: La gestión de tesorería 3.1. Concepto de Tesorería. 3.2. Razones para el mantenimiento de un saldo mínimo de tesorería. 3.2. Modelos básicos de Gestión de tesorería: 3.3.1. Modelo de Baumol. 3.3.2. Modelo de Beranek. 3.3.3. Modelo de Miller-Orr. 3.3.4. Modelo de Stone. Tema 4: La gestión de inventarios 4.1. Concepto de inventarios, existencias o stocks. 4.2. Costes y beneficios asociados a la inversión en existencias. 4.3. Modelo EOQ (Economic Order Quantity) 4.4. Variaciones del Modelo EOQ. 4.4.1. Introducción de una capacidad de aprovisionamiento finita y aprovisionamiento gradual. 4.4.2. Introducción de descuentos en el precio de adquisición según el volumen del pedido. 4.4.3. Introducción de costes de ruptura. 4.5. Alternativas a la inversión en existencias: Sistemas “Just-in-time”. 2 Tema 5. La gestión de cobros 5.1. La decisión sobre los términos del cobro. 5.2. La decisión sobre las condiciones de crédito a los clientes. 5.3. Seguimiento de las cuentas a...
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...International Finance: A Course Overview Mihir A. Desai* Harvard University and NBER ABSTRACT This paper describes the International Finance course at Harvard Business School for instructors considering adopting the associated material. The paper begins by arguing that the forces of globalization have fundamentally changed the scope and activities of firms thereby altering the practice of finance within these firms. As a consequence of an increasing reliance on tightly-integrated foreign operations, a parallel world of finance has been opened within every multinational firm and this world has, heretofore, been overlooked. The course materials are designed to address the many aspects of financial decision making within global firms prompted by these changes that are not addressed in traditional materials. The paper provides an overview of the structure of the course and its seven modules with particular emphasis on the three modules that constitute the core of the course. The paper also describes an analytical framework that has been developed through the creation of the course materials to guide critical financial decisions on financing, investment, risk management and incentive management within a multinational firm. This framework emphasizes the need to reconcile conflicting forces in order for multinational firms to gain competitive advantage from their internal capital markets. The paper concludes with a discussion of the course's pedagogical approach and detailed descriptions...
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...[pic] Frank G. Madsen Queens’ College University of Cambridge International Monetary Flows of Non-Declared Origin This dissertation is submitted to the University of Cambridge to Fulfil the Requirements for the Degree of Doctor of Philosophy April 2008 Ambrogio Lorenzetti, Effetti del Buon Governo Siena, Palazzo Pubblico Sala dei Nove 1337-1340 Declaration This dissertation is the result of my own work and includes nothing, which is the outcome of work done in collaboration. Chapter 3, “Complexity, TOC and Terrorism”, was presented in an embryonic form at the ISA conference in Chicago, USA, March 2007. Chapter 4, “Organised Crime”, is the further elaboration of a chapter of the same title published in 2007 in the Oxford Handbook on the United Nations Statement of Length The dissertation does not exceed the word limit of 80,000 words Fieldwork Thailand (money laundering); Indonesia and Burma (deforestation); New York (US money supply); Washington DC and Fort Worth, Texas (Organised Crime linked to terrorist funding); Australia (Sydney, (APG) and Canberra (money laundering, South Pacific); and Rome, Italy (Chinese organised crime). Contact Frank.Madsen@cantab.net Abstract Through an analysis of the presence and nature of international monetary flows of non-declared origin and their relation to deviant knowledge, the thesis...
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