À propos de ce cours
4.9
210 notes
42 avis
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 16 heures pour terminer

Recommandé : 7 hours/week...
Langues disponibles

Anglais

Sous-titres : Anglais, Coréen

Compétences que vous acquerrez

Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 16 heures pour terminer

Recommandé : 7 hours/week...
Langues disponibles

Anglais

Sous-titres : Anglais, Coréen

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
Heures pour terminer
1 heure pour terminer

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 videos (Total 13 min), 5 lectures, 1 quiz
Video2 vidéos
Welcome to Corporate Finance II: Financing Investments and Managing Risk11 min
Reading5 lectures
Syllabus10 min
About the Discussion Forums10 min
Glossary10 min
Social Media10 min
Getting to Know Your Classmates10 min
Quiz1 exercice pour s'entraîner
Orientation Quiz10 min
Heures pour terminer
3 heures pour terminer

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 videos (Total 122 min), 2 lectures, 3 quiz
Video12 vidéos
Issuing Debt and Equity – The Mechanics11 min
Should a Company Issue Debt or Equity?9 min
Two Misconceptions8 min
Debt Increases Systematic Risk10 min
Evidence From the Field: Which Type of Capital Do Firms Prefer?9 min
The Effect of Leverage On Taxes and Profits7 min
Leverage and Personal Taxes9 min
Leverage and the Risk of Financial Distress9 min
The Trade-off Theory of Capital Structure7 min
Analog Outfitters30 min
1-11: Module 1 Review3 min
Reading2 lectures
Module 1 Overview10 min
Module 1 Readings10 min
Quiz3 exercices pour s'entraîner
Practice Quiz 112 min
Practice Quiz 216 min
Module 1 Quiz16 min
Semaine
2
Heures pour terminer
5 heures pour terminer

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 videos (Total 109 min), 2 lectures, 5 quiz
Video12 vidéos
Pricing Debt: Yield to Maturities, and Default Probabilities12 min
Credit Ratings: Determinants and Implications12 min
Credit Default Swaps10 min
The Many Different Types of Debt8 min
Bank or Market Financing?13 min
Do Dividends and Share Repurchases Affect Firm Value?9 min
Main Factors Driving Payout Decisions8 min
Dividends or Repurchases?11 min
2-10: Module 2 Review2 min
Assignment 1 Overview1 min
Assignment 1 Discussion15 min
Reading2 lectures
Module 2 Overview10 min
Module 2 Readings10 min
Quiz4 exercices pour s'entraîner
Practice Quiz 110 min
Practice Quiz 212 min
Practice Quiz 310 min
Module 2 Quiz20 min
Semaine
3
Heures pour terminer
3 heures pour terminer

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 videos (Total 96 min), 2 lectures, 3 quiz
Video11 vidéos
Good and Bad Reasons to Hedge9 min
Forward Contract6 min
Futures Contracts9 min
Hedge Ratios and Imperfect Hedging7 min
Liquidity as a Substitute for Hedging12 min
Bilateral Contracts9 min
Operational Hedging10 min
Currency Risk and the Cost of Capital13 min
Adjusting the Cost of Capital for International Projects11 min
3-11 Module 3 Review3 min
Reading2 lectures
Module 3 Overview10 min
Module 3 Readings10 min
Quiz3 exercices pour s'entraîner
Practice Quiz 118 min
Practice Quiz 212 min
Module 3 Quiz16 min
Semaine
4
Heures pour terminer
6 heures pour terminer

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 videos (Total 158 min), 2 lectures, 5 quiz
Video14 vidéos
Means of Payment in M&A16 min
Capital Structure and Payout Policy in M&A Part I12 min
Capital Structure and Payout Policy in M&A Part II12 min
Financing Private Equity Deals Part I8 min
Financing Private Equity Deals Part II11 min
Leveraged Buyout (LBO) Modeling Part I8 min
Leveraged Buyout (LBO) Modeling Part II16 min
Financing R&D Investments8 min
Risk Management for R&D Projects10 min
Nona Inc.28 min
4-11: Module 4 Review2 min
Assignment 2 Overview1 min
Assignment 2 Discussion16 min
Reading2 lectures
Module 4 Overview10 min
Module 4 Readings10 min
Quiz4 exercices pour s'entraîner
Practice Quiz 116 min
Practice Quiz 216 min
Practice Quiz 38 min
Module 4 Quiz20 min
Heures pour terminer
15 minutes pour terminer

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 video (Total 15 min)
Video1 vidéo
4.9
42 avisChevron Right
Orientation de carrière

50%

a commencé une nouvelle carrière après avoir terminé ces cours
Avantage de carrière

83%

a bénéficié d'un avantage concret dans sa carrière grâce à ce cours

Meilleurs avis

par 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

par SXDec 6th 2018

Fantastic Value Adding Course. Very Practical with a lot of good examples. Excellent conceptual breadth and depth also in this course. Highly recommended.

Enseignant

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 cours 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.

À propos de 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. ...

À propos de la Spécialisation 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

Foire Aux Questions

  • Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.

  • Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.

D'autres questions ? Visitez le Centre d'Aide pour les Etudiants.