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.
财务管理 專項課程伊利诺伊大学香槟分校課程信息
75,490 次近期查看
學生職業成果
33%
完成這些課程後已開始新的職業生涯
40%
通過此課程獲得實實在在的工作福利
25%
加薪或升職
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 6 門課程（共 7 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為20 小時
英語（English）
字幕：英語（English）, 韓語
您將獲得的技能
Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
學生職業成果
33%
完成這些課程後已開始新的職業生涯
40%
通過此課程獲得實實在在的工作福利
25%
加薪或升職
可分享的證書
完成後獲得證書
100% 在線
立即開始，按照自己的計劃學習。
第 6 門課程（共 7 門）
可靈活調整截止日期
根據您的日程表重置截止日期。
完成時間大約為20 小時
英語（English）
字幕：英語（English）, 韓語
提供方
伊利诺伊大学香槟分校
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.
立即開始攻讀碩士學位
此 課程 隸屬於 伊利诺伊大学香槟分校 提供的 100% 在線 Master of Business Administration (iMBA)。如果您被錄取參加全部課程，您的課程將計入您的學位學習進程。
教學大綱 - 您將從這門課程中學到什麼
完成時間為 1 小時
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.
完成時間為 1 小時
2 個視頻 （總計 13 分鐘）, 4 個閱讀材料, 1 個測驗
2 個視頻
Welcome to Corporate Finance II: Financing Investments and Managing Risk11分鐘
4 個閱讀材料
Syllabus10分鐘
About the Discussion Forums10分鐘
Glossary10分鐘
Getting to Know Your Classmates10分鐘
1 個練習
Orientation Quiz30分鐘
完成時間為 4 小時
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.
完成時間為 4 小時
12 個視頻 （總計 122 分鐘）, 2 個閱讀材料, 3 個測驗
12 個視頻
Issuing Debt and Equity – The Mechanics11分鐘
Should a Company Issue Debt or Equity?9分鐘
Two Misconceptions8分鐘
Debt Increases Systematic Risk10分鐘
Evidence From the Field: Which Type of Capital Do Firms Prefer?9分鐘
The Effect of Leverage On Taxes and Profits7分鐘
Leverage and Personal Taxes9分鐘
Leverage and the Risk of Financial Distress9分鐘
The Trade-off Theory of Capital Structure7分鐘
Analog Outfitters30分鐘
1-11: Module 1 Review3分鐘
2 個閱讀材料
Module 1 Overview10分鐘
Module 1 Readings10分鐘
3 個練習
Practice Quiz 130分鐘
Practice Quiz 230分鐘
Module 1 Quiz30分鐘
完成時間為 5 小時
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.
完成時間為 5 小時
12 個視頻 （總計 110 分鐘）, 2 個閱讀材料, 5 個測驗
12 個視頻
Pricing Debt: Yield to Maturities, and Default Probabilities12分鐘
Credit Ratings: Determinants and Implications12分鐘
Credit Default Swaps10分鐘
The Many Different Types of Debt8分鐘
Bank or Market Financing?13分鐘
Do Dividends and Share Repurchases Affect Firm Value?9分鐘
Main Factors Driving Payout Decisions8分鐘
Dividends or Repurchases?11分鐘
2-10: Module 2 Review2分鐘
Assignment 1 Overview1分鐘
Assignment 1 Discussion16分鐘
2 個閱讀材料
Module 2 Overview10分鐘
Module 2 Readings10分鐘
4 個練習
Practice Quiz 130分鐘
Practice Quiz 230分鐘
Practice Quiz 330分鐘
Module 2 Quiz30分鐘
完成時間為 3 小時
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.
完成時間為 3 小時
11 個視頻 （總計 96 分鐘）, 2 個閱讀材料, 3 個測驗
11 個視頻
Good and Bad Reasons to Hedge9分鐘
Forward Contract6分鐘
Futures Contracts9分鐘
Hedge Ratios and Imperfect Hedging7分鐘
Liquidity as a Substitute for Hedging12分鐘
Bilateral Contracts9分鐘
Operational Hedging10分鐘
Currency Risk and the Cost of Capital13分鐘
Adjusting the Cost of Capital for International Projects11分鐘
3-11 Module 3 Review3分鐘
2 個閱讀材料
Module 3 Overview10分鐘
Module 3 Readings10分鐘
3 個練習
Practice Quiz 130分鐘
Practice Quiz 230分鐘
Module 3 Quiz30分鐘
完成時間為 6 小時
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.
完成時間為 6 小時
14 個視頻 （總計 158 分鐘）, 2 個閱讀材料, 5 個測驗
14 個視頻
Means of Payment in M&A16分鐘
Capital Structure and Payout Policy in M&A Part I12分鐘
Capital Structure and Payout Policy in M&A Part II12分鐘
Financing Private Equity Deals Part I8分鐘
Financing Private Equity Deals Part II11分鐘
Leveraged Buyout (LBO) Modeling Part I8分鐘
Leveraged Buyout (LBO) Modeling Part II16分鐘
Financing R&D Investments8分鐘
Risk Management for R&D Projects10分鐘
Nona Inc.28分鐘
4-11: Module 4 Review2分鐘
Assignment 2 Overview1分鐘
Assignment 2 Discussion16分鐘
2 個閱讀材料
Module 4 Overview10分鐘
Module 4 Readings10分鐘
4 個練習
Practice Quiz 130分鐘
Practice Quiz 230分鐘
Practice Quiz 330分鐘
Module 4 Quiz30分鐘
完成時間為 15 分鐘
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.
完成時間為 15 分鐘
1 個視頻 （總計 15 分鐘）
1 個視頻
Conclusion14分鐘
審閱
來自CORPORATE FINANCE II: FINANCING INVESTMENTS AND MANAGING RISK的熱門評論
由 RO 提供2019年3月1日
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.
由 DB 提供2019年6月26日
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.
由 AA 提供2020年1月10日
Excellent course that gives excellent knowledge and directions to move in the industry. Professor makes materials easy understandable and gives his advice, that can be implemented in the future.
由 FR 提供2020年6月13日
Professor Heitor Almeida makes this course practical by using real world simplified data. The examples helped me to comprehend the concepts and get a deep understanding of corporate finance
關於 财务管理 專項課程
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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