In this course, participants will learn about the key financial decisions modern corporations face, as well as the alternative methods that can be employed to optimize the value of the firm’s assets. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
本课程是 Essentials of Corporate Finance 专项课程 专项课程的一部分
Corporate Financial Decision-Making for Value Creation
提供方
教学大纲 - 您将从这门课程中学到什么
周
1Alternative Approaches to Making the Optimal Investment Decision
This week we will define and explain the key approaches to investment evaluation utilized by corporations around the world. We will also consider the way in which sensitivity analysis might be employed so as to provide information to management beyond the simple “invest-don’t-invest” decision.
7 个视频（共 56 分钟）, 7 个阅读材料, 2 个测验
7 个视频
1.0 Welcome and Introduction4分钟
1.1 Discounted Cash Flow Analysis8分钟
1.2 Net Present Value Analysis9分钟
1.3 Internal Rate of Return Analysis11分钟
1.4 Alternatives to DCF Techniques8分钟
1.5 Sensitivity Analysis11分钟
7 个阅读材料
Course Syllabus10分钟
Your Teaching Team10分钟
Week 1 Outline10分钟
Start of Course Survey10分钟
Resources10分钟
Social Media10分钟
Study Tools and Tips10分钟
2 个练习
Week 1 practice quiz - This quiz does not contribute to your final grade20分钟
Week 1 graded quiz - This quiz contributes 10% towards your final grade20分钟
周
2Raising Capital and the Choices Firms Face
In week 2 we will explain the mechanics behind how firms go to the market via an initial public offering (IPO) to raise new equity capital. We then demonstrate the impact of introducing debt on the returns to shareholders and highlight the different factors that influence debt levels for firms operating in different industries. We conclude by considering how firms make decisions about the optimal level of profits that should be returned to shareholders.
8 个视频（共 57 分钟）, 1 个阅读材料, 2 个测验
8 个视频
2.1 Raising Equity Capital 1: The IPO Process6分钟
2.2 Raising Equity Capital 2: IPO Underpricing7分钟
2.3 Raising Debt Capital 1: Introducing Financial Risk5分钟
2.4 Raising Debt Capital 2: Explaining Differences in Debt Levels14分钟
2.5 The Payout Decision12分钟
BNY Mid Course Check-in7分钟
Mid Course Check-in with Sean Pinder1分钟
1 个阅读材料
Week 2 Outline10分钟
2 个练习
Week 2 practice quiz - This quiz does not contribute to your final grade30分钟
Week 2 graded quiz - This quiz contributes 10% towards your final grade30分钟
周
3Creating Value via Takeovers, Mergers and Corporate Restructuring
During week 3 we will explain how takeovers and mergers occur in practice, define the key terms used in the analysis of markets for corporate control and then develop an understanding of how changes in control might be objectively assessed via financial analysis. In addition to answering the question “how might we create wealth through growth?” we will also consider how value might be created by getting smaller in our review of the impact of corporate restructuring on shareholder wealth.
6 个视频（共 58 分钟）, 1 个阅读材料, 2 个测验
6 个视频
3.1 The Anatomy of an Acquisition7分钟
3.2 The Financial Evaluation of a Takeover12分钟
3.3 Establishing the Economic Rationale for Takeover Activity12分钟
3.4 Corporate Restructuring via Spinoffs, Divestitures and Equity Carve-outs8分钟
3.5 Empirical Evidence of the Wealth Impact of Mergers, Acquisitions and Corporate Restructuring10分钟
1 个阅读材料
Week 3 Outline10分钟
2 个练习
Week 3 practice quiz - This quiz does not contribute to your final grade30分钟
Week 3 graded quiz - This quiz contributes 10% towards your final grade30分钟
周
4Alternative Approaches to Risk Management
In the final week of this course we define and demonstrate the use of different derivative securities in risk management including; forwards, futures and option contracts. We explain the key drivers of option values and explain how options might be combined to provide different payoff structures. We conclude by considering how risk management might create value for shareholders.
6 个视频（共 50 分钟）, 4 个阅读材料, 4 个测验
6 个视频
4.1 Using Forwards and Futures to Manage Risk9分钟
4.2 Introducing Options11分钟
4.3 The Drivers of Option Values11分钟
4.4 Caps, Floors and Collars3分钟
4.5 Why Manage Risk?10分钟
4 个阅读材料
Week 4 Outline10分钟
Academic Integrity10分钟
Where To From Here? The Next Step.10分钟
End of Course Survey10分钟
3 个练习
Week 4 practice quiz - This quiz does not contribute to your final grade30分钟
Week 4 graded quiz - This quiz contributes 10% towards your final grade30分钟
Course Final Exam - This quiz contributes 40% towards your final grade18分钟
4.7
热门审阅
创建者 MG•Sep 15th 2018
Amazing course, appreciated the structure and contents. The industry examples are well tied with the concepts and help gain a deeper insight into their practical applications.
创建者 MS•May 5th 2018
The course is structured well to give in depth knowledge about derivatives and the process of mergers and acquisitions, which are the two major topic discussed in the course.
讲师
Paul Kofman
Dean, Faculty of Business and EconomicsSidney Myer Chair of Commerce
Sean Pinder
Associate ProfessorFaculty of Business and Economics
关于 The University of Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
关于 Essentials of Corporate Finance 专项课程
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
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