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.
Este curso forma parte de Programa especializado: Gestión financiera
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Programa especializado: Gestión financieraUniversidad de Illinois en Urbana-ChampaignAcerca de este Curso
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100 % en línea
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Curso 6 de 7 en
Aprox. 21 horas para completar
Inglés (English)
Subtítulos: Chino (tradicional), Árabe (Arabic), Francés (French), Portugués (europeo), Italiano, Vietnamita, Coreano, Alemán (German), Ruso (Russian), Inglés (English), Español (Spanish)
Habilidades que obtendrás
- Risk Management
- Corporate Finance
- Mergers And Acquisitions (M&A)
- Debt
Fechas límite flexibles
Restablece las fechas límite en función de tus horarios.
Certificado para compartir
Obtén un certificado al finalizar
100 % en línea
Comienza de inmediato y aprende a tu propio ritmo.
Curso 6 de 7 en
Aprox. 21 horas para completar
Inglés (English)
Subtítulos: Chino (tradicional), Árabe (Arabic), Francés (French), Portugués (europeo), Italiano, Vietnamita, Coreano, Alemán (German), Ruso (Russian), Inglés (English), Español (Spanish)
ofrecido por
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.
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 te aceptan en el programa completo, tus cursos cuentan para tu título de grado.
Programa - Qué aprenderás en este curso
2 horas 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 horas para completar
3 videos (Total 13 minutos), 5 lecturas, 1 cuestionario
4 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.
4 horas para completar
12 videos (Total 122 minutos), 2 lecturas, 3 cuestionarios
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.
5 horas para completar
12 videos (Total 110 minutos), 2 lecturas, 5 cuestionarios
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.
3 horas para completar
11 videos (Total 96 minutos), 2 lecturas, 3 cuestionarios
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.
6 horas para completar
14 videos (Total 158 minutos), 2 lecturas, 5 cuestionarios
1 hora 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 hora para completar
2 videos (Total 19 minutos), 2 lecturas
Reseñas
- 5 stars85,33 %
- 4 stars12,62 %
- 3 stars0,89 %
- 2 stars0,51 %
- 1 star0,63 %
Principales reseñas sobre CORPORATE FINANCE II: FINANCING INVESTMENTS AND MANAGING RISK
por SX5 de dic. de 2018
Fantastic Value Adding Course. Very Practical with a lot of good examples. Excellent conceptual breadth and depth also in this course. Highly recommended.
por HM3 de jul. de 2021
It was a wonderful experience studying the important topics that are used very commonly by the financial experts. A detailed and comprehensive studies were used throughout the course.
por MP27 de sep. de 2017
Risk Management section felt very rushed - would have appreciated a slower pace and more detailed description for such a complicated topic - especially Hedging!
por AR12 de ago. de 2020
I have learned a lot in this course. Many topic which i knew very little about were explained in detail with real world examples. Good course to brush up on your skills.
Acerca de 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.
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