Informações sobre o curso
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Prazos flexíveis

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Aprox. 17 horas para completar

Sugerido: 7 hours/week...


Legendas: Inglês, Coreano

Habilidades que você terá

Risk ManagementCorporate FinanceMergers And Acquisitions (M&A)Debt

100% online

Comece imediatamente e aprenda em seu próprio cronograma.

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.

Aprox. 17 horas para completar

Sugerido: 7 hours/week...


Legendas: Inglês, Coreano

Programa - O que você aprenderá com este curso

1 hora para concluir

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 vídeos ((Total 13 mín.)), 4 leituras, 1 teste
2 videos
Welcome to Corporate Finance II: Financing Investments and Managing Risk11min
4 leituras
About the Discussion Forums10min
Getting to Know Your Classmates10min
1 exercício prático
Orientation Quiz10min
3 horas para concluir

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.

12 vídeos ((Total 122 mín.)), 2 leituras, 3 testes
12 videos
Issuing Debt and Equity – The Mechanics11min
Should a Company Issue Debt or Equity?9min
Two Misconceptions8min
Debt Increases Systematic Risk10min
Evidence From the Field: Which Type of Capital Do Firms Prefer?9min
The Effect of Leverage On Taxes and Profits7min
Leverage and Personal Taxes9min
Leverage and the Risk of Financial Distress9min
The Trade-off Theory of Capital Structure7min
Analog Outfitters30min
1-11: Module 1 Review3min
2 leituras
Module 1 Overview10min
Module 1 Readings10min
3 exercícios práticos
Practice Quiz 112min
Practice Quiz 216min
Module 1 Quiz16min
5 horas para concluir

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.

12 vídeos ((Total 109 mín.)), 2 leituras, 5 testes
12 videos
Pricing Debt: Yield to Maturities, and Default Probabilities12min
Credit Ratings: Determinants and Implications12min
Credit Default Swaps10min
The Many Different Types of Debt8min
Bank or Market Financing?13min
Do Dividends and Share Repurchases Affect Firm Value?9min
Main Factors Driving Payout Decisions8min
Dividends or Repurchases?11min
2-10: Module 2 Review2min
Assignment 1 Overview1min
Assignment 1 Discussion15min
2 leituras
Module 2 Overview10min
Module 2 Readings10min
4 exercícios práticos
Practice Quiz 110min
Practice Quiz 212min
Practice Quiz 310min
Module 2 Quiz20min
3 horas para concluir

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.

11 vídeos ((Total 96 mín.)), 2 leituras, 3 testes
11 videos
Good and Bad Reasons to Hedge9min
Forward Contract6min
Futures Contracts9min
Hedge Ratios and Imperfect Hedging7min
Liquidity as a Substitute for Hedging12min
Bilateral Contracts9min
Operational Hedging10min
Currency Risk and the Cost of Capital13min
Adjusting the Cost of Capital for International Projects11min
3-11 Module 3 Review3min
2 leituras
Module 3 Overview10min
Module 3 Readings10min
3 exercícios práticos
Practice Quiz 118min
Practice Quiz 212min
Module 3 Quiz16min
6 horas para concluir

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.

14 vídeos ((Total 158 mín.)), 2 leituras, 5 testes
14 videos
Means of Payment in M&A16min
Capital Structure and Payout Policy in M&A Part I12min
Capital Structure and Payout Policy in M&A Part II12min
Financing Private Equity Deals Part I8min
Financing Private Equity Deals Part II11min
Leveraged Buyout (LBO) Modeling Part I8min
Leveraged Buyout (LBO) Modeling Part II16min
Financing R&D Investments8min
Risk Management for R&D Projects10min
Nona Inc.28min
4-11: Module 4 Review2min
Assignment 2 Overview1min
Assignment 2 Discussion16min
2 leituras
Module 4 Overview10min
Module 4 Readings10min
4 exercícios práticos
Practice Quiz 116min
Practice Quiz 216min
Practice Quiz 38min
Module 4 Quiz20min
15 minutos para concluir

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 vídeo ((Total 15 mín.))
1 vídeos
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Principais avaliações do Corporate Finance II: Financing Investments and Managing Risk

por ROMar 2nd 2019

Excellent material to drive and support the discussions introduced in the live sessions. Some materials may need a review (particularly wording), but it does not compromise the overall content at all.

por DBJun 27th 2019

I didn't realise how much I'd learn in this course. So many concepts I've touched on before and thought I knew a bit about, but in hindsight I really didn't understand, until I completed this course.



Heitor Almeida

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

Comece a trabalhar rumo ao seu mestrado

Este curso é parte da graduação 100% on-line Master of Business Administration (iMBA) da Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-Champaign. Caso seja aceito para o programa completo, seus cursos contarão para sua graduação.

Sobre Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em 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. ...

Sobre o Programa de cursos integrados Gestão financeira

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....
Gestão financeira

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