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.
このコースについて
65,676 最近の表示
受講生の就業成果
33%
コース終了後に新しいキャリアをスタートした
40%
コースが具体的なキャリアアップにつながった
25%
昇給や昇進につながった
習得するスキル
Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
受講生の就業成果
33%
コース終了後に新しいキャリアをスタートした
40%
コースが具体的なキャリアアップにつながった
25%
昇給や昇進につながった
100%オンライン
自分のスケジュールですぐに学習を始めてください。
次における7の6コース
柔軟性のある期限
スケジュールに従って期限をリセットします。
約17時間で修了
推奨：8 hours/week
英語
字幕：英語, 韓国語
シラバス - 本コースの学習内容
1時間で修了
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時間で修了
2件のビデオ （合計13分）, 4 readings, 1 quiz
2件のビデオ
Welcome to Corporate Finance II: Financing Investments and Managing Risk11 分
4件の学習用教材
Syllabus10 分
About the Discussion Forums10 分
Glossary10 分
Getting to Know Your Classmates10 分
1の練習問題
Orientation Quiz30 分
4時間で修了
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時間で修了
12件のビデオ （合計122分）, 2 readings, 3 quizzes
12件のビデオ
Issuing Debt and Equity – The Mechanics11 分
Should a Company Issue Debt or Equity?9 分
Two Misconceptions8 分
Debt Increases Systematic Risk10 分
Evidence From the Field: Which Type of Capital Do Firms Prefer?9 分
The Effect of Leverage On Taxes and Profits7 分
Leverage and Personal Taxes9 分
Leverage and the Risk of Financial Distress9 分
The Trade-off Theory of Capital Structure7 分
Analog Outfitters30 分
1-11: Module 1 Review3 分
2件の学習用教材
Module 1 Overview10 分
Module 1 Readings10 分
3の練習問題
Practice Quiz 130 分
Practice Quiz 230 分
Module 1 Quiz30 分
5時間で修了
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時間で修了
12件のビデオ （合計110分）, 2 readings, 5 quizzes
12件のビデオ
Pricing Debt: Yield to Maturities, and Default Probabilities12 分
Credit Ratings: Determinants and Implications12 分
Credit Default Swaps10 分
The Many Different Types of Debt8 分
Bank or Market Financing?13 分
Do Dividends and Share Repurchases Affect Firm Value?9 分
Main Factors Driving Payout Decisions8 分
Dividends or Repurchases?11 分
2-10: Module 2 Review2 分
Assignment 1 Overview1 分
Assignment 1 Discussion16 分
2件の学習用教材
Module 2 Overview10 分
Module 2 Readings10 分
4の練習問題
Practice Quiz 130 分
Practice Quiz 230 分
Practice Quiz 330 分
Module 2 Quiz30 分
3時間で修了
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時間で修了
11件のビデオ （合計96分）, 2 readings, 3 quizzes
11件のビデオ
Good and Bad Reasons to Hedge9 分
Forward Contract6 分
Futures Contracts9 分
Hedge Ratios and Imperfect Hedging7 分
Liquidity as a Substitute for Hedging12 分
Bilateral Contracts9 分
Operational Hedging10 分
Currency Risk and the Cost of Capital13 分
Adjusting the Cost of Capital for International Projects11 分
3-11 Module 3 Review3 分
2件の学習用教材
Module 3 Overview10 分
Module 3 Readings10 分
3の練習問題
Practice Quiz 130 分
Practice Quiz 230 分
Module 3 Quiz30 分
6時間で修了
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時間で修了
14件のビデオ （合計158分）, 2 readings, 5 quizzes
14件のビデオ
Means of Payment in M&A16 分
Capital Structure and Payout Policy in M&A Part I12 分
Capital Structure and Payout Policy in M&A Part II12 分
Financing Private Equity Deals Part I8 分
Financing Private Equity Deals Part II11 分
Leveraged Buyout (LBO) Modeling Part I8 分
Leveraged Buyout (LBO) Modeling Part II16 分
Financing R&D Investments8 分
Risk Management for R&D Projects10 分
Nona Inc.28 分
4-11: Module 4 Review2 分
Assignment 2 Overview1 分
Assignment 2 Discussion16 分
2件の学習用教材
Module 4 Overview10 分
Module 4 Readings10 分
4の練習問題
Practice Quiz 130 分
Practice Quiz 230 分
Practice Quiz 330 分
Module 4 Quiz30 分
15分で修了
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分で修了
1件のビデオ （合計15分）
1件のビデオ
Conclusion14 分
レビュー
4.9
CORPORATE FINANCE II: FINANCING INVESTMENTS AND MANAGING RISK からの人気レビュー
ROによりMar 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.
DBによりJun 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.
AAによりJan 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.
JCによりDec 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.
NGによりMar 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.
GMによりFeb 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
MPによりSep 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!
BLによりFeb 27, 2019
Course contains some difficult concepts. The main benefit is the honors assignments and professor's explanations, which help students understand these topics.
SXによりDec 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.
DSによりSep 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.
TFによりMar 2, 2019
A treasure trove of research based information to inform real-world financial decisions; immediately applicable and relevant!
MGによりMar 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.
提供：
イリノイ大学アーバナ・シャンペーン校（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.
修士号の取得を目指しましょう
この コース は イリノイ大学アーバナ・シャンペーン校（University of Illinois at Urbana-Champaign） の100%オンラインの Master of Business Administration (iMBA) の一部です。
プログラムのすべてで認定されれば、それらのコースが学位学習に加算されます。
財務管理専門講座について
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.
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