Об этом курсе
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Оценки: 204
Рецензии: 41
Специализация
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Часов на завершение

Прибл. 16 часа на выполнение

Предполагаемая нагрузка: 7 hours/week...
Доступные языки

Английский

Субтитры: Английский, Корейский...

Приобретаемые навыки

Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
Специализация
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100% онлайн

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Назначьте сроки сдачи в соответствии со своим графиком.
Часов на завершение

Прибл. 16 часа на выполнение

Предполагаемая нагрузка: 7 hours/week...
Доступные языки

Английский

Субтитры: Английский, Корейский...

Программа курса: что вы изучите

Неделя
1
Часов на завершение
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....
Reading
2 видео (всего 13 мин.), 5 материалов для самостоятельного изучения, 1 тест
Video2 видео
Welcome to Corporate Finance II: Financing Investments and Managing Risk11мин
Reading5 материала для самостоятельного изучения
Syllabus10мин
About the Discussion Forums10мин
Glossary10мин
Social Media10мин
Getting to Know Your Classmates10мин
Quiz1 практическое упражнение
Orientation Quiz10мин
Часов на завершение
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....
Reading
12 видео (всего 122 мин.), 2 материалов для самостоятельного изучения, 3 тестов
Video12 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
Reading2 материала для самостоятельного изучения
Module 1 Overview10мин
Module 1 Readings10мин
Quiz3 практического упражнения
Practice Quiz 112мин
Practice Quiz 216мин
Module 1 Quiz16мин
Неделя
2
Часов на завершение
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....
Reading
12 видео (всего 109 мин.), 2 материалов для самостоятельного изучения, 5 тестов
Video12 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
Reading2 материала для самостоятельного изучения
Module 2 Overview10мин
Module 2 Readings10мин
Quiz4 практического упражнения
Practice Quiz 110мин
Practice Quiz 212мин
Practice Quiz 310мин
Module 2 Quiz20мин
Неделя
3
Часов на завершение
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. ...
Reading
11 видео (всего 96 мин.), 2 материалов для самостоятельного изучения, 3 тестов
Video11 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
Reading2 материала для самостоятельного изучения
Module 3 Overview10мин
Module 3 Readings10мин
Quiz3 практического упражнения
Practice Quiz 118мин
Practice Quiz 212мин
Module 3 Quiz16мин
Неделя
4
Часов на завершение
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....
Reading
14 видео (всего 158 мин.), 2 материалов для самостоятельного изучения, 5 тестов
Video14 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
Reading2 материала для самостоятельного изучения
Module 4 Overview10мин
Module 4 Readings10мин
Quiz4 практического упражнения
Practice Quiz 116мин
Practice Quiz 216мин
Practice Quiz 38мин
Module 4 Quiz20мин
Часов на завершение
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....
Reading
1 видео (всего 15 мин.)
Video1 видео
Conclusion14мин
4.9
Рецензии: 41Chevron Right
Формирование карьерного пути

50%

начал новую карьеру, пройдя эти курсы
Карьерные преимущества

83%

получил значимые преимущества в карьере благодаря этому курсу

Лучшие рецензии

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

автор: VRJun 28th 2018

Excellent teacher and excellent material filled with real life examples. It was very interesting to study this course,

Преподаватель

Avatar

Heitor Almeida

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

Start working towards your Master's degree

This курс is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

О 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. ...

О специализации ''Financial Management'

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....
Financial Management

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