Acerca de este Curso

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Aprox. 17 horas para completar

Sugerido: 7 hours/week...

Inglés (English)

Subtítulos: Inglés (English), Coreano

Habilidades que obtendrás

Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Aprox. 17 horas para completar

Sugerido: 7 hours/week...

Inglés (English)

Subtítulos: Inglés (English), Coreano

Programa - Qué aprenderás en este curso

1 hora para completar

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 videos (Total 13 minutos), 5 readings, 1 quiz
2 videos
Welcome to Corporate Finance II: Financing Investments and Managing Risk11m
5 lecturas
About the Discussion Forums10m
Social Media10m
Getting to Know Your Classmates10m
1 ejercicio de práctica
Orientation Quiz10m
3 horas para completar

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 videos (Total 122 minutos), 2 readings, 3 quizzes
12 videos
Issuing Debt and Equity – The Mechanics11m
Should a Company Issue Debt or Equity?9m
Two Misconceptions8m
Debt Increases Systematic Risk10m
Evidence From the Field: Which Type of Capital Do Firms Prefer?9m
The Effect of Leverage On Taxes and Profits7m
Leverage and Personal Taxes9m
Leverage and the Risk of Financial Distress9m
The Trade-off Theory of Capital Structure7m
Analog Outfitters30m
1-11: Module 1 Review3m
2 lecturas
Module 1 Overview10m
Module 1 Readings10m
3 ejercicios de práctica
Practice Quiz 112m
Practice Quiz 216m
Module 1 Quiz16m
5 horas para completar

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 videos (Total 109 minutos), 2 readings, 5 quizzes
12 videos
Pricing Debt: Yield to Maturities, and Default Probabilities12m
Credit Ratings: Determinants and Implications12m
Credit Default Swaps10m
The Many Different Types of Debt8m
Bank or Market Financing?13m
Do Dividends and Share Repurchases Affect Firm Value?9m
Main Factors Driving Payout Decisions8m
Dividends or Repurchases?11m
2-10: Module 2 Review2m
Assignment 1 Overview1m
Assignment 1 Discussion15m
2 lecturas
Module 2 Overview10m
Module 2 Readings10m
4 ejercicios de práctica
Practice Quiz 110m
Practice Quiz 212m
Practice Quiz 310m
Module 2 Quiz20m
3 horas para completar

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 videos (Total 96 minutos), 2 readings, 3 quizzes
11 videos
Good and Bad Reasons to Hedge9m
Forward Contract6m
Futures Contracts9m
Hedge Ratios and Imperfect Hedging7m
Liquidity as a Substitute for Hedging12m
Bilateral Contracts9m
Operational Hedging10m
Currency Risk and the Cost of Capital13m
Adjusting the Cost of Capital for International Projects11m
3-11 Module 3 Review3m
2 lecturas
Module 3 Overview10m
Module 3 Readings10m
3 ejercicios de práctica
Practice Quiz 118m
Practice Quiz 212m
Module 3 Quiz16m
6 horas para completar

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 videos (Total 158 minutos), 2 readings, 5 quizzes
14 videos
Means of Payment in M&A16m
Capital Structure and Payout Policy in M&A Part I12m
Capital Structure and Payout Policy in M&A Part II12m
Financing Private Equity Deals Part I8m
Financing Private Equity Deals Part II11m
Leveraged Buyout (LBO) Modeling Part I8m
Leveraged Buyout (LBO) Modeling Part II16m
Financing R&D Investments8m
Risk Management for R&D Projects10m
Nona Inc.28m
4-11: Module 4 Review2m
Assignment 2 Overview1m
Assignment 2 Discussion16m
2 lecturas
Module 4 Overview10m
Module 4 Readings10m
4 ejercicios de práctica
Practice Quiz 116m
Practice Quiz 216m
Practice Quiz 38m
Module 4 Quiz20m
15 minutos para completar

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 video (Total 15 minutos)
1 video
58 revisionesChevron Right


comenzó una nueva carrera después de completar estos cursos


consiguió un beneficio tangible en su carrera profesional gracias a este curso


consiguió un aumento de sueldo o ascenso

Principales revisiones

por 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.

por 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



Heitor Almeida

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

Comienza a trabajar para obtener tu maestría

Este curso es parte del Master of Business Administration (iMBA) completamente en línea de Universidad de Illinois en Urbana-Champaign. Si eres aceptado en el programa completo, tus cursos cuentan para tu título.

Acerca de Universidad de Illinois en 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. ...

Acerca del programa especializado Gestión financiera

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....
Gestión financiera

Preguntas Frecuentes

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