Об этом курсе
4.9
Оценки: 326
Рецензии: 55

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Прибл. 17 часа на выполнение

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Английский

Субтитры: Английский, Корейский

Приобретаемые навыки

Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt

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Гибкие сроки

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Прибл. 17 часа на выполнение

Предполагаемая нагрузка: 7 hours/week...

Английский

Субтитры: Английский, Корейский

Программа курса: что вы изучите

Неделя
1
1 ч. на завершение

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....
2 видео ((всего 13 мин.)), 5 материалов для самостоятельного изучения, 1 тест
2 видео
Welcome to Corporate Finance II: Financing Investments and Managing Risk11мин
5 материала для самостоятельного изучения
Syllabus10мин
About the Discussion Forums10мин
Glossary10мин
Social Media10мин
Getting to Know Your Classmates10мин
1 практическое упражнение
Orientation Quiz10мин
3 ч. на завершение

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....
12 видео ((всего 122 мин.)), 2 материалов для самостоятельного изучения, 3 тестов
12 видео
Issuing Debt and Equity – The Mechanics11мин
Should a Company Issue Debt or Equity?9мин
Two Misconceptions8мин
Debt Increases Systematic Risk10мин
Evidence From the Field: Which Type of Capital Do Firms Prefer?9мин
The Effect of Leverage On Taxes and Profits7мин
Leverage and Personal Taxes9мин
Leverage and the Risk of Financial Distress9мин
The Trade-off Theory of Capital Structure7мин
Analog Outfitters30мин
1-11: Module 1 Review3мин
2 материала для самостоятельного изучения
Module 1 Overview10мин
Module 1 Readings10мин
3 практического упражнения
Practice Quiz 112мин
Practice Quiz 216мин
Module 1 Quiz16мин
Неделя
2
5 ч. на завершение

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....
12 видео ((всего 109 мин.)), 2 материалов для самостоятельного изучения, 5 тестов
12 видео
Pricing Debt: Yield to Maturities, and Default Probabilities12мин
Credit Ratings: Determinants and Implications12мин
Credit Default Swaps10мин
The Many Different Types of Debt8мин
Bank or Market Financing?13мин
Do Dividends and Share Repurchases Affect Firm Value?9мин
Main Factors Driving Payout Decisions8мин
Dividends or Repurchases?11мин
2-10: Module 2 Review2мин
Assignment 1 Overview1мин
Assignment 1 Discussion15мин
2 материала для самостоятельного изучения
Module 2 Overview10мин
Module 2 Readings10мин
4 практического упражнения
Practice Quiz 110мин
Practice Quiz 212мин
Practice Quiz 310мин
Module 2 Quiz20мин
Неделя
3
3 ч. на завершение

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. ...
11 видео ((всего 96 мин.)), 2 материалов для самостоятельного изучения, 3 тестов
11 видео
Good and Bad Reasons to Hedge9мин
Forward Contract6мин
Futures Contracts9мин
Hedge Ratios and Imperfect Hedging7мин
Liquidity as a Substitute for Hedging12мин
Bilateral Contracts9мин
Operational Hedging10мин
Currency Risk and the Cost of Capital13мин
Adjusting the Cost of Capital for International Projects11мин
3-11 Module 3 Review3мин
2 материала для самостоятельного изучения
Module 3 Overview10мин
Module 3 Readings10мин
3 практического упражнения
Practice Quiz 118мин
Practice Quiz 212мин
Module 3 Quiz16мин
Неделя
4
6 ч. на завершение

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....
14 видео ((всего 158 мин.)), 2 материалов для самостоятельного изучения, 5 тестов
14 видео
Means of Payment in M&A16мин
Capital Structure and Payout Policy in M&A Part I12мин
Capital Structure and Payout Policy in M&A Part II12мин
Financing Private Equity Deals Part I8мин
Financing Private Equity Deals Part II11мин
Leveraged Buyout (LBO) Modeling Part I8мин
Leveraged Buyout (LBO) Modeling Part II16мин
Financing R&D Investments8мин
Risk Management for R&D Projects10мин
Nona Inc.28мин
4-11: Module 4 Review2мин
Assignment 2 Overview1мин
Assignment 2 Discussion16мин
2 материала для самостоятельного изучения
Module 4 Overview10мин
Module 4 Readings10мин
4 практического упражнения
Practice Quiz 116мин
Practice Quiz 216мин
Practice Quiz 38мин
Module 4 Quiz20мин
15 минуты на завершение

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....
1 видео ((всего 15 мин.))
1 видео
Conclusion14мин
4.9
Рецензии: 55Chevron Right

33%

начал новую карьеру, пройдя эти курсы

25%

получил значимые преимущества в карьере благодаря этому курсу

Лучшие рецензии

автор: ROMar 2nd 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.

автор: GMFeb 22nd 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

Преподаватели

Avatar

Heitor Almeida

Professor of Finance, Stanley C. and Joan J. Golder Chair in Corporate Finance
Department of Finance, College of Business

Сделайте шаг навстречу диплому магистра.

курс входит в онлайн-программу ''Master of Business Administration (iMBA)' от партнера Иллинойсский университет в Урбане-Шампейне. Если вы переходите на полную программу, курсы засчитываются при получении диплома.

О Иллинойсский университет в Урбане-Шампейне

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. ...

О специализации ''Финансовый менеджмент'

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....
Финансовый менеджмент

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