Este curso forma parte de Programa especializado: Gestión financiera

4.8
estrellas
814 calificaciones

96 %

Heitor Almeida +1 instructores más

34.769 ya inscrito

Ofrecido Por

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Puedes obtener créditos de la Universidad de Illinois en Urbana-Champaign que cuentan para la Master of Business Administration (iMBA)

Programa especializado: Gestión financieraUniversidad de Illinois en Urbana-Champaign

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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.
Upon successful completion of this course, you will be able to:

•	Understand how companies make financing, payout and risk management decisions that create value
•	Measure the effects of leverage on profitability, risk, and valuation
•	Manage credit risk and financial distress using appropriate financial tools
•	Understand the links between payout policies and company performance
•	Use derivatives and liquidity management to offset financial risks
•	Pick an appropriate financing package for an M&A or leveraged buyout deal

This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

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100 % en línea

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Curso 6 de 7 en

Programa especializado: Gestión financiera

Aprox. 20 horas para completar

Inglés (English)

¿Podría tu empresa beneficiarse de la capacitación de los empleados en las habilidades más demandadas?

Prueba Coursera para negocios

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

Programa especializado: Gestión financiera

Aprox. 20 horas para completar

Inglés (English)

¿Podría tu empresa beneficiarse de la capacitación de los empleados en las habilidades más demandadas?

Prueba Coursera para negocios

Instructores

Calificación del instructor

4,74/5 (103 calificaciones)

Heitor Almeida

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

Department of Finance, College of Business

69.132 alumnos

5 cursos

Stefan Zeume

Assistant Professor of Finance

Gies College of Business

48.874 alumnos

2 cursos

Ofrecido por

Universidad de Illinois en Urbana-Champaign

Comienza a trabajar para obtener tu título

Este curso forma parte de un programa de grado en línea ofrecido por Universidad de Illinois en Urbana-Champaign. Si solicitas créditos de un curso sin título de grado a través de la universidad y lo completas en línea, cuenta como horas de crédito para un programa de grado en Illinois. Todo lo que tienes que hacer es solicitarlo a través de la universidad.

Master of Business Administration (iMBA)

Universidad de Illinois en Urbana-Champaign

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Programa - Qué aprenderás en este curso

Calificación del contenido96%(2,308 calificaciones)

Semana

Semana 1

2 horas para completar

Course Orientation

2 horas para completar

4 videos (Total 14 minutos), 5 lecturas, 1 cuestionario

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.

3 horas para completar

11 videos (Total 92 minutos), 2 lecturas, 3 cuestionarios

11 videos

Objectives and Overview5m

Mechanics of Debt and Equity Issuance11m

Should a Company Issue Debt or Equity?9m

Two Misconceptions - Part 17m

Two Misconceptions - Part 210m

Evidence From the Field: Which Type of Capital Do Firms Prefer?9m

The Effect of Leverage On Taxes and Profits8m

Leverage and Personal Taxes8m

Leverage and the Risk of Financial Distress9m

The Trade-off Theory of Capital Structure7m

1-11: Module 1 Review3m

2 lecturas

Module 1 Overview10m

Module 1 Readings10m

3 ejercicios de práctica

Practice Quiz 130m

Practice Quiz 230m

Raising Financing: The Capital Structure Decision Graded Quiz30m

Semana

Semana 2

6 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 for debt markets and for companies. 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.

6 horas para completar

10 videos (Total 104 minutos), 2 lecturas, 5 cuestionarios

10 videos

Objectives and Overview4m

Bonds16m

Credit Rating16m

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

Module 2 Review4m

Honors Assignment 1 Solution12m

2 lecturas

Module 2 Overview10m

Module 2 Readings10m

4 ejercicios de práctica

Practice Quiz 130m

Practice Quiz 230m

Practice Quiz 330m

Understanding Debt Financing and Payout Policy Graded Quiz30m

Semana

Semana 3

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

11 videos

Objectives and Overview3m

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 130m

Practice Quiz 230m

Risk Management Graded Quiz30m

Semana

Semana 4

5 horas para completar

Module 4: Finance, Governance, and Society

In Module 4, we will apply our knowledge on how to discount future cash flows to challenging situations. First, we learn how the presence of debt can result in acceptance of negative NPV projects (overinvestment, excessive risk taking). Then, we learn how debt can result in the rejection of positive NPV projects (underinvestment). Next, we will learn that NPV of the firm can differ from NPV for society, and how this may explain firms’ decisions to make bribe payments even though corruption is detrimental to welfare. Last, we examine situations where the NPV equation does not hold and what this means for society.

5 horas para completar

9 videos (Total 76 minutos), 2 lecturas, 4 cuestionarios

9 videos

Objectives and Overview5m

The Agency Cost of Debt5m

Excessive Risk Taking8m

Under Investment7m

Finance & Society: Corruption11m

Violations of the Law of One Price10m

Module 4 Review5m

Honors Assignment 2 Solutions - Questions 1-49m

Honors Assignment 2 Solutions - Questions 5-611m

2 lecturas

Module 4 Overview10m

Module 4 Readings10m

3 ejercicios de práctica

Module 4 Practice Quiz 130m

Module 4 Practice Quiz 230m

Finance, Governance, and Society Graded Quiz1h

29 minutos para completar

Course Conclusion

29 minutos para completar

2 videos (Total 9 minutos), 2 lecturas

Reseñas

4.8

156 reseña

5 stars
85,27 %
4 stars
12,63 %
3 stars
0,85 %
2 stars
0,49 %
1 star
0,73 %

Principales reseñas sobre CORPORATE FINANCE II: FINANCING INVESTMENTS AND MANAGING RISK

por FR13 de jun. de 2020

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

por AA10 de ene. de 2020

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.

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 SC26 de dic. de 2020

Great course, interesting subjects, and financial insight on strategy and tactics.

Real-life exercises analyzed by Heitor Almeida in a very nice way!!!

Ver todas las reseñas

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.

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.

Preguntas Frecuentes

¿Cuándo podré acceder a las lecciones y tareas?
El acceso a las clases y las asignaciones depende del tipo de inscripción que tengas. Si tomas un curso en modo de oyente, verás la mayoría de los materiales del curso en forma gratuita. Para acceder a asignaciones calificadas y obtener un certificado, deberás comprar la experiencia de Certificado, ya sea durante o después de participar como oyente. Si no ves la opción de oyente:
es posible que el curso no ofrezca la opción de participar como oyente. En cambio, puedes intentar con una Prueba gratis o postularte para recibir ayuda económica.
Es posible que el curso ofrezca la opción 'Curso completo, sin certificado'. Esta opción te permite ver todos los materiales del curso, enviar las evaluaciones requeridas y obtener una calificación final. También significa que no podrás comprar una experiencia de Certificado.
¿Qué recibiré si me suscribo a este Programa especializado?
Cuando te inscribes en un curso, obtienes acceso a todos los cursos que forman parte del Programa especializado y te darán un Certificado cuando completes el trabajo. Se añadirá tu Certificado electrónico a la página Logros. Desde allí, puedes imprimir tu Certificado o añadirlo a tu perfil de LinkedIn. Si solo quieres leer y visualizar el contenido del curso, puedes auditar el curso sin costo.
¿Hay ayuda económica disponible?
Sí. En ciertos programas de aprendizaje, puedes postularte para recibir ayuda económica o una beca en caso de no poder costear los gastos de la tarifa de inscripción. Si hay ayuda económica o becas disponibles para tu selección de programa de aprendizaje, verás un enlace para postularte en la página de descripción.

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Corporate Finance II: Financing Investments and Managing Risk

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Habilidades que obtendrás