In this course you will learn how companies decide on how much debt to take, and whether to raise capital from markets or from banks. You will also learn how to measure and manage credit risk and how to deal with financial distress. You will discuss the mechanics of dividends and share repurchases, and how to choose the best way to return cash to investors. You will also learn how to use derivatives and liquidity management to offset specific sources of financial risk, including currency risks. Finally, You will learn how companies finance merger and acquisition decisions, including leveraged buyouts, and how to incorporate large changes in leverage in standard valuation models.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Finanzmanagement
Corporate Finance II: Financing Investments and Managing Risk
von
Über diesen Kurs
58,804 kürzliche Aufrufe
Karriereergebnisse der Lernenden
33%
nahm einen neuen Beruf nach Abschluss dieser Kurse auf
40%
ziehen Sie für Ihren Beruf greifbaren Nutzen aus diesem Kurs
25%
erhalten Sie eine Gehaltserhöhung oder Beförderung
Kompetenzen, die Sie erwerben
Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
Karriereergebnisse der Lernenden
33%
nahm einen neuen Beruf nach Abschluss dieser Kurse auf
40%
ziehen Sie für Ihren Beruf greifbaren Nutzen aus diesem Kurs
25%
erhalten Sie eine Gehaltserhöhung oder Beförderung
100 % online
Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.
Kurs 6 von 7 in
Flexible Fristen
Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.
Ca. 17 Stunden zum Abschließen
Empfohlen: 8 hours/week
Englisch
Untertitel: Englisch, Koreanisch
Lehrplan - Was Sie in diesem Kurs lernen werden
1 Stunde zum Abschließen
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
1 Stunde zum Abschließen
2 Videos (Gesamt 13 min), 4 Lektüren, 1 Quiz
2 Videos
Welcome to Corporate Finance II: Financing Investments and Managing Risk11m
4 Lektüren
Syllabus10m
About the Discussion Forums10m
Glossary10m
Getting to Know Your Classmates10m
1 praktische Übung
Orientation Quiz30m
4 Stunden zum Abschließen
Module 1: Raising Financing: The Capital Structure Decision
In Module 1, we will discuss the differences between debt and equity financing for corporations. We will then learn how to avoid usual mistakes that people make when analyzing the choice between debt and equity. We will work with financial statements to understand the impact of higher debt on corporate profits, and we will learn how debt and risk are fundamentally related. Finally, we will use our knowledge to understand how companies choose how much debt to have.
4 Stunden zum Abschließen
12 Videos (Gesamt 122 min), 2 Lektüren, 3 Quiz
12 Videos
Issuing Debt and Equity – The Mechanics11m
Should a Company Issue Debt or Equity?9m
Two Misconceptions8m
Debt Increases Systematic Risk10m
Evidence From the Field: Which Type of Capital Do Firms Prefer?9m
The Effect of Leverage On Taxes and Profits7m
Leverage and Personal Taxes9m
Leverage and the Risk of Financial Distress9m
The Trade-off Theory of Capital Structure7m
Analog Outfitters30m
1-11: Module 1 Review3m
2 Lektüren
Module 1 Overview10m
Module 1 Readings10m
3 praktische Übungen
Practice Quiz 130m
Practice Quiz 230m
Module 1 Quiz30m
5 Stunden zum Abschließen
Module 2: Understanding Debt Financing and Payout Policy
In Module 2 we will dig deeper into the mechanics and the institutional details that are important to understand debt financing. We will learn models that allow us to link default probabilities to yields on a company’s debt. We will discuss the roles of credit ratings and credit default swaps for debt markets. We will learn the importance of non-price contractual terms such as debt covenants, collateral and seniority. We will use this knowledge to understand how companies choose between bank debt and bond financing. Finally, we will discuss how payout decisions (dividends and share repurchases) affect firm value and how companies choose their optimal payout policy.
5 Stunden zum Abschließen
12 Videos (Gesamt 110 min), 2 Lektüren, 5 Quiz
12 Videos
Pricing Debt: Yield to Maturities, and Default Probabilities12m
Credit Ratings: Determinants and Implications12m
Credit Default Swaps10m
The Many Different Types of Debt8m
Bank or Market Financing?13m
Do Dividends and Share Repurchases Affect Firm Value?9m
Main Factors Driving Payout Decisions8m
Dividends or Repurchases?11m
2-10: Module 2 Review2m
Assignment 1 Overview1m
Assignment 1 Discussion16m
2 Lektüren
Module 2 Overview10m
Module 2 Readings10m
4 praktische Übungen
Practice Quiz 130m
Practice Quiz 230m
Practice Quiz 330m
Module 2 Quiz30m
3 Stunden zum Abschließen
Module 3: Risk Management
In Module 3 we will identify good and bad reasons why companies engage in risk management, or hedging. We will learn the mechanics of how to use derivatives such as forwards and futures to eliminate specific risks. We will also discuss how to manage risks that cannot be hedged with derivatives. In particular, we will learn that appropriate liquidity management can work as a substitute for hedging strategies. We will also discuss how and why to hedge currency risk, and how to think about a company’s cost of capital when making cross-border investments.
3 Stunden zum Abschließen
11 Videos (Gesamt 96 min), 2 Lektüren, 3 Quiz
11 Videos
Good and Bad Reasons to Hedge9m
Forward Contract6m
Futures Contracts9m
Hedge Ratios and Imperfect Hedging7m
Liquidity as a Substitute for Hedging12m
Bilateral Contracts9m
Operational Hedging10m
Currency Risk and the Cost of Capital13m
Adjusting the Cost of Capital for International Projects11m
3-11 Module 3 Review3m
2 Lektüren
Module 3 Overview10m
Module 3 Readings10m
3 praktische Übungen
Practice Quiz 130m
Practice Quiz 230m
Module 3 Quiz30m
6 Stunden zum Abschließen
Module 4: Financial Management of Acquisitions and R&D
In Module 4, we will apply the financial management tools that we developed in this course to M&A decisions and R&D programs. We will learn how to finance an M&A deal, and how companies choose between cash and stock payments to acquire target companies. We will also discuss the financing of LBOs (leveraged buyouts), and learn how to model a leveraged buyout using Excel. We will then discuss the financial management of R&D programs, with an emphasis on risk management. Specifically, we will learn how to think about the financing of R&D in a dynamic framework that considers the need to make uncertain follow up investments.
6 Stunden zum Abschließen
14 Videos (Gesamt 158 min), 2 Lektüren, 5 Quiz
14 Videos
Means of Payment in M&A16m
Capital Structure and Payout Policy in M&A Part I12m
Capital Structure and Payout Policy in M&A Part II12m
Financing Private Equity Deals Part I8m
Financing Private Equity Deals Part II11m
Leveraged Buyout (LBO) Modeling Part I8m
Leveraged Buyout (LBO) Modeling Part II16m
Financing R&D Investments8m
Risk Management for R&D Projects10m
Nona Inc.28m
4-11: Module 4 Review2m
Assignment 2 Overview1m
Assignment 2 Discussion16m
2 Lektüren
Module 4 Overview10m
Module 4 Readings10m
4 praktische Übungen
Practice Quiz 130m
Practice Quiz 230m
Practice Quiz 330m
Module 4 Quiz30m
15 Minuten zum Abschließen
Course Conclusion
You will find out where to go next after completing this course and be able to share any thoughts you have on this course experience.
15 Minuten zum Abschließen
1 Video (Gesamt 15 min)
1 Video
Conclusion14m
Bewertungen
Top-Bewertungen von CORPORATE FINANCE II: FINANCING INVESTMENTS AND MANAGING RISK
von ROMar 1, 2019
Excellent material to drive and support the discussions introduced in the live sessions. Some materials may need a review (particularly wording), but it does not compromise the overall content at all.
von DBJun 26, 2019
I didn't realise how much I'd learn in this course. So many concepts I've touched on before and thought I knew a bit about, but in hindsight I really didn't understand, until I completed this course.
von AAJan 10, 2020
Excellent course that gives excellent knowledge and directions to move in the industry.\n\nProfessor makes materials easy understandable and gives his advice, that can be implemented in the future.
von JCDec 28, 2019
Though the module 4 is a tough one, I find it comprensive enough in making a good financial decision particularly in understanding the LBO and the M&A. Such learning is very important.
von NGMar 4, 2020
Interesting information, but the prof goes really fast through examples and doesn't show the actual math...this isn't really helpful for folks that are new to finance.
von GMFeb 21, 2018
Excellent conclusion from what I learned in the the first course, this makes it more interesting of course, but I would recommend to take both courses, Thanks Almeida
von MPSep 27, 2017
Risk Management section felt very rushed - would have appreciated a slower pace and more detailed description for such a complicated topic - especially Hedging!
von BLFeb 27, 2019
Course contains some difficult concepts. The main benefit is the honors assignments and professor's explanations, which help students understand these topics.
von SXDec 5, 2018
Fantastic Value Adding Course. Very Practical with a lot of good examples. Excellent conceptual breadth and depth also in this course. Highly recommended.
von DSSep 9, 2018
each topic is nicely explained, real life examples are very fruitful.\n\nvoice is low during interview, but it was very fruitful and have learnt a-lot.
von TFMar 2, 2019
A treasure trove of research based information to inform real-world financial decisions; immediately applicable and relevant!
von MGMar 3, 2019
Great Course the teacher is great and he is very dynamic. I am a CFO and I felt I still learned new things from this course.
von VRJun 27, 2018
Excellent teacher and excellent material filled with real life examples. It was very interesting to study this course,
von JFFeb 28, 2019
Great course! A lot of good information and useful tools from the world of Finance. The professor is top-class
von FAMar 2, 2019
Excellent course! Professor Almeida really goes over much in the four modules. A great learning experience.
von JGAug 10, 2017
Excellent material and lecture. I enjoyed the great real life examples and how the theory could be applied.
von JPFeb 22, 2018
Great and in depth. The use of real world examples and data helps the transfer of theory into practice.
von CFApr 20, 2019
I liked that the concepts were clearly displayed and emphasized. The reading material is excellent!
von SSOct 3, 2017
Awesome content. I would recommend this to all people who are trying to learn the risk management.
von FSMar 23, 2018
Lots of case studies along the way and ways to use the knowledge to do some practical assignments.
von
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Beginnen Sie damit, auf Ihren Master-Abschluss hinzuarbeiten.
Dieses Kurs ist Teil des reinen Onlineabschlusses Master of Business Administration (iMBA) von University of Illinois at Urbana-Champaign.
Wenn Sie in das komplette Programm aufgenommen werden, werden Ihre Kurse auf Ihren Abschluss angerechnet.
Über den Spezialisierung Finanzmanagement
This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making.
The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit.
When you complete the Financial Management Specialization, you will:
· Have a solid foundation in developing an integrated framework for strategic financial decision-making.
· Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements.
· Understand the management and evaluation of portfolios and firm valuation techniques.
· Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions.
Häufig gestellte Fragen
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Was bekomme ich, wenn ich diese Spezialisierung abonniere?
Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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