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 专项课程伊利诺伊大学香槟分校课程信息
49,323 次近期查看
学生职业成果
33%
完成这些课程后已开始新的职业生涯
40%
通过此课程获得实实在在的工作福利
25%
加薪或升职
可分享的证书
完成后获得证书
100% 在线
立即开始，按照自己的计划学习。
第 6 门课程（共 7 门）
可灵活调整截止日期
根据您的日程表重置截止日期。
完成时间大约为20 小时
英语（English）
字幕：英语（English）, 韩语
您将获得的技能
Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt
学生职业成果
33%
完成这些课程后已开始新的职业生涯
40%
通过此课程获得实实在在的工作福利
25%
加薪或升职
可分享的证书
完成后获得证书
100% 在线
立即开始，按照自己的计划学习。
第 6 门课程（共 7 门）
可灵活调整截止日期
根据您的日程表重置截止日期。
完成时间大约为20 小时
英语（English）
字幕：英语（English）, 韩语
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.
立即开始攻读硕士学位
此 课程 隶属于 伊利诺伊大学香槟分校 提供的 100% 在线 Master of Business Administration (iMBA)。如果您被录取参加全部课程，您的课程将计入您的学位学习进程。
教学大纲 - 您将从这门课程中学到什么
完成时间为 1 小时
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.
完成时间为 1 小时
2 个视频 （总计 13 分钟）, 4 个阅读材料, 1 个测验
2 个视频
Welcome to Corporate Finance II: Financing Investments and Managing Risk11分钟
4 个阅读材料
Syllabus10分钟
About the Discussion Forums10分钟
Glossary10分钟
Getting to Know Your Classmates10分钟
1 个练习
Orientation Quiz30分钟
完成时间为 4 小时
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.
完成时间为 4 小时
12 个视频 （总计 122 分钟）, 2 个阅读材料, 3 个测验
12 个视频
Issuing Debt and Equity – The Mechanics11分钟
Should a Company Issue Debt or Equity?9分钟
Two Misconceptions8分钟
Debt Increases Systematic Risk10分钟
Evidence From the Field: Which Type of Capital Do Firms Prefer?9分钟
The Effect of Leverage On Taxes and Profits7分钟
Leverage and Personal Taxes9分钟
Leverage and the Risk of Financial Distress9分钟
The Trade-off Theory of Capital Structure7分钟
Analog Outfitters30分钟
1-11: Module 1 Review3分钟
2 个阅读材料
Module 1 Overview10分钟
Module 1 Readings10分钟
3 个练习
Practice Quiz 130分钟
Practice Quiz 230分钟
Module 1 Quiz30分钟
完成时间为 5 小时
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.
完成时间为 5 小时
12 个视频 （总计 110 分钟）, 2 个阅读材料, 5 个测验
12 个视频
Pricing Debt: Yield to Maturities, and Default Probabilities12分钟
Credit Ratings: Determinants and Implications12分钟
Credit Default Swaps10分钟
The Many Different Types of Debt8分钟
Bank or Market Financing?13分钟
Do Dividends and Share Repurchases Affect Firm Value?9分钟
Main Factors Driving Payout Decisions8分钟
Dividends or Repurchases?11分钟
2-10: Module 2 Review2分钟
Assignment 1 Overview1分钟
Assignment 1 Discussion16分钟
2 个阅读材料
Module 2 Overview10分钟
Module 2 Readings10分钟
4 个练习
Practice Quiz 130分钟
Practice Quiz 230分钟
Practice Quiz 330分钟
Module 2 Quiz30分钟
完成时间为 3 小时
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.
完成时间为 3 小时
11 个视频 （总计 96 分钟）, 2 个阅读材料, 3 个测验
11 个视频
Good and Bad Reasons to Hedge9分钟
Forward Contract6分钟
Futures Contracts9分钟
Hedge Ratios and Imperfect Hedging7分钟
Liquidity as a Substitute for Hedging12分钟
Bilateral Contracts9分钟
Operational Hedging10分钟
Currency Risk and the Cost of Capital13分钟
Adjusting the Cost of Capital for International Projects11分钟
3-11 Module 3 Review3分钟
2 个阅读材料
Module 3 Overview10分钟
Module 3 Readings10分钟
3 个练习
Practice Quiz 130分钟
Practice Quiz 230分钟
Module 3 Quiz30分钟
完成时间为 6 小时
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.
完成时间为 6 小时
14 个视频 （总计 158 分钟）, 2 个阅读材料, 5 个测验
14 个视频
Means of Payment in M&A16分钟
Capital Structure and Payout Policy in M&A Part I12分钟
Capital Structure and Payout Policy in M&A Part II12分钟
Financing Private Equity Deals Part I8分钟
Financing Private Equity Deals Part II11分钟
Leveraged Buyout (LBO) Modeling Part I8分钟
Leveraged Buyout (LBO) Modeling Part II16分钟
Financing R&D Investments8分钟
Risk Management for R&D Projects10分钟
Nona Inc.28分钟
4-11: Module 4 Review2分钟
Assignment 2 Overview1分钟
Assignment 2 Discussion16分钟
2 个阅读材料
Module 4 Overview10分钟
Module 4 Readings10分钟
4 个练习
Practice Quiz 130分钟
Practice Quiz 230分钟
Practice Quiz 330分钟
Module 4 Quiz30分钟
完成时间为 15 分钟
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.
完成时间为 15 分钟
1 个视频 （总计 15 分钟）
1 个视频
Conclusion14分钟
关于 财务管理 专项课程
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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