- Level Foundation
- Duration 19 hours
- Course by University of Illinois Urbana-Champaign
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Offered by
About
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.Modules
About the Course and Your Classmates
4
Videos
- Welcome to Corporate Finance II: Financing Investments and Managing Risk
- Meet Professor Heitor Almeida
- Meet Professor Stefan Zeume
- Learn on Your Terms
4
Readings
- Syllabus
- About the Discussion Forums
- Glossary
- Online Education at Gies College of Business
1
Quiz
- Orientation Quiz
About Your Classmates
1
Readings
- Getting to Know Your Classmates
Module 1 Information
2
Readings
- Module 1 Overview
- Module 1 Readings
Module 1 Objectives and Overview
1
Videos
- Objectives and Overview
Mechanics of Debt and Equity Issuance
1
Videos
- Mechanics of Debt and Equity Issuance
Should a Company Issue Debt or Equity?
1
Videos
- Should a Company Issue Debt or Equity?
Two Misconceptions
2
Videos
- Two Misconceptions - Part 1
- Two Misconceptions - Part 2
1
Quiz
- Practice Quiz 1
Evidence From the Field: Which Type of Capital Do Firms Prefer?
1
Videos
- Evidence From the Field: Which Type of Capital Do Firms Prefer?
The Effect of Leverage On Taxes and Profits
1
Videos
- The Effect of Leverage On Taxes and Profits
Leverage and Personal Taxes
1
Videos
- Leverage and Personal Taxes
Leverage and the Risk of Financial Distress
1
Videos
- Leverage and the Risk of Financial Distress
The Trade-off Theory of Capital Structure
1
Videos
- The Trade-off Theory of Capital Structure
1
Quiz
- Practice Quiz 2
Module 1 Review and Graded Activities
1
Videos
- Module 1 Review
1
Quiz
- Raising Financing: The Capital Structure Decision Graded Quiz
Module 2 Information
2
Readings
- Module 2 Overview
- Module 2 Readings
Module 2 Objectives and Overview
1
Videos
- Objectives and Overview
Debt Financing
2
Videos
- Bonds
- Credit Rating
1
Quiz
- Practice Quiz 1
The Many Different Types of Debt
1
Videos
- The Many Different Types of Debt
Bank or Market Financing?
1
Assignment
- Practice Quiz 2
1
Videos
- Bank or Market Financing?
Do Dividends and Share Repurchases Affect Firm Value?
1
Videos
- Do Dividends and Share Repurchases Affect Firm Value?
Main Factors Driving Payout Decisions
1
Videos
- Main Factors Driving Payout Decisions
Dividends or Repurchases?
1
Videos
- Dividends or Repurchases?
1
Quiz
- Practice Quiz 3
Module 2 Review and Graded Activities
1
Videos
- Module 2 Review
1
Quiz
- Understanding Debt Financing and Payout Policy Graded Quiz
Honors Assignment 1 (Optional)
1
Peer Review
- Honors Assignment 2
1
Videos
- Honors Assignment 2 Solution
Module 3 Information
2
Readings
- Module 3 Overview
- Module 3 Readings
Module 3 Objectives and Overview
1
Videos
- Objectives and Overview
Good and Bad Reasons to Hedge
1
Videos
- Good and Bad Reasons to Hedge
Forward Contracts
1
Videos
- Forward Contract
Futures Contracts
1
Videos
- Futures Contracts
Hedge Ratios and Imperfect Hedging
1
Videos
- Hedge Ratios and Imperfect Hedging
1
Quiz
- Practice Quiz 1
Liquidity as a Substitute for Hedging
1
Videos
- Liquidity as a Substitute for Hedging
Bilateral Contracts
1
Videos
- Bilateral Contracts
Operational Hedging
1
Videos
- Operational Hedging
Currency Risk and the Cost of Capital
1
Videos
- Currency Risk and the Cost of Capital
Adjusting the Cost of Capital for International Projects
1
Videos
- Adjusting the Cost of Capital for International Projects
1
Quiz
- Practice Quiz 2
Review and Graded Activities
1
Videos
- Module 3 Review
1
Quiz
- Risk Management Graded Quiz
Module 4 Information
2
Readings
- Module 4 Overview
- Module 4 Readings
Module 4 Objectives and Overview
1
Videos
- Objectives and Overview
The Agency Cost of Debt
1
Videos
- The Agency Cost of Debt
Excessive Risk Taking
1
Videos
- Excessive Risk Taking
1
Quiz
- Module 4 Practice Quiz 1
Under Investment
1
Videos
- Under Investment
Finance & Society: Corruption
1
Videos
- Finance & Society: Corruption
Violations of the Law of One Price
1
Videos
- Violations of the Law of One Price
1
Quiz
- Module 4 Practice Quiz 2
Module 4 Review and Graded Activities
1
Videos
- Module 4 Review
1
Quiz
- Finance, Governance, and Society Graded Quiz
Honors Assignment 2 (Optional)
1
Peer Review
- Honors Assignment 4
2
Videos
- Honors Assignment 4 Solutions - Questions 1-4
- Honors Assignment 4 Solutions - Questions 5-6
Course Conclusion
1
Videos
- Conclusion
2
Readings
- Congratulations on completing the course!
- Get Your Course Certificate
Auto Summary
Enhance your understanding of corporate finance with this comprehensive course focused on financing investments and managing risk. Guided by expert instructors from the University of Illinois, you'll explore debt management, capital raising, credit risk, financial distress, and payout strategies. Delve into derivatives, liquidity management, and financing for mergers and acquisitions. Ideal for business and management professionals, this 1140-minute course is part of the flexible and affordable iMBA program. Subscription options include Starter, Professional, and Paid tiers.

Heitor Almeida

Stefan Zeume