Informações sobre o curso: 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).
Para quem é direcionado este curso: Learners who seek to understand the tools and techniques firms use to guide financial decision-making. Key decisions considered in this course include; the investment decision, choosing the optimal financing mix to fund investment, creating value through mergers, acquisitions and corporate restructuring and how risk might be managed to create value for a firm.
Desenvolvido por: Universidade de Melbourne
Ministrado por: Paul Kofman, Dean, Faculty of Business and Economics
Sidney Myer Chair of Commerce
Ministrado por: Sean Pinder, Associate Professor
Faculty of Business and Economics
| Informações básicas | Curso 3 de 5 no Essentials of Corporate Finance Specialization |
| Idioma | English, Legendas: Korean |
| Como ser aprovado | Seja aprovado em todas as tarefas para concluir o curso. |
| Classificação do usuário |
Programa
SEMANA 1
Alternative 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 vídeos, 7 leituras, 1 questionário de prática
- Vídeo: Corporate Financial Decision-Making for Value Creation - Overview
- Reading: Course Syllabus
- Reading: Your Teaching Team
- Reading: Week 1 Outline
- Reading: Start of Course Survey
- Vídeo: 1.0 Welcome and Introduction
- Vídeo: 1.1 Discounted Cash Flow Analysis
- Vídeo: 1.2 Net Present Value Analysis
- Vídeo: 1.3 Internal Rate of Return Analysis
- Vídeo: 1.4 Alternatives to DCF Techniques
- Vídeo: 1.5 Sensitivity Analysis
- Practice Quiz: Week 1 practice quiz - This quiz does not contribute to your final grade
- Reading: Resources
- Reading: Social Media
- Reading: Study Tools and Tips
Nota atribuída: Week 1 graded quiz - This quiz contributes 10% towards your final grade
SEMANA 2
Raising 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 vídeos, 1 leitura, 1 questionário de prática
- Reading: Week 2 Outline
- Vídeo: 2.0 Welcome and Introduction
- Vídeo: 2.1 Raising Equity Capital 1: The IPO Process
- Vídeo: 2.2 Raising Equity Capital 2: IPO Underpricing
- Vídeo: 2.3 Raising Debt Capital 1: Introducing Financial Risk
- Vídeo: 2.4 Raising Debt Capital 2: Explaining Differences in Debt Levels
- Vídeo: 2.5 The Payout Decision
- Practice Quiz: Week 2 practice quiz - This quiz does not contribute to your final grade
- Vídeo: BNY Mid Course Check-in
- Vídeo: Mid Course Check-in with Sean Pinder
Nota atribuída: Week 2 graded quiz - This quiz contributes 10% towards your final grade
SEMANA 3
Creating 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 vídeos, 1 leitura, 1 questionário de prática
- Reading: Week 3 Outline
- Vídeo: 3.0 Welcome and Introduction
- Vídeo: 3.1 The Anatomy of an Acquisition
- Vídeo: 3.2 The Financial Evaluation of a Takeover
- Vídeo: 3.3 Establishing the Economic Rationale for Takeover Activity
- Vídeo: 3.4 Corporate Restructuring via Spinoffs, Divestitures and Equity Carve-outs
- Vídeo: 3.5 Empirical Evidence of the Wealth Impact of Mergers, Acquisitions and Corporate Restructuring
- Practice Quiz: Week 3 practice quiz - This quiz does not contribute to your final grade
Nota atribuída: Week 3 graded quiz - This quiz contributes 10% towards your final grade
SEMANA 4
Alternative 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 vídeos, 4 leituras, 1 questionário de prática
- Reading: Week 4 Outline
- Vídeo: 4.0 Introduction
- Vídeo: 4.1 Using Forwards and Futures to Manage Risk
- Vídeo: 4.2 Introducing Options
- Vídeo: 4.3 The Drivers of Option Values
- Vídeo: 4.4 Caps, Floors and Collars
- Vídeo: 4.5 Why Manage Risk?
- Practice Quiz: Week 4 practice quiz - This quiz does not contribute to your final grade
- Reading: Academic Integrity
- Reading: Where To From Here? The Next Step.
- Reading: End of Course Survey
Nota atribuída: Week 4 graded quiz - This quiz contributes 10% towards your final grade
Nota atribuída: Course Final Exam - This quiz contributes 40% towards your final grade
Nota atribuída: Peer Assessment – This contributes 20% towards your final grade
Perguntas frequentes
Como funciona
Coursework
Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.
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Desenvolvedores
Universidade de 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.
Custo
| Comprar curso | |
|---|---|
| Acesso aos materiais do curso | Disponível |
| Acesso a materiais valendo nota | Disponível |
| Receba uma nota final | Disponível |
| Obtenha um Certificado de Curso compartilhável | Disponível |
Classificações e avaliações
Great interactive opportunity to get involved in the real world cases based on the concepts delivered in class
A very strong foundation provided in many key areas of Corporate Finance by the University of Melbourne team!
Great structured course
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Stellar course and excellent content.
When I first took this course, I was a bit dubious of its content and manner of presentation, but my expectations were exceeded by a huge margin and I'm extremely pleased and happy as now I am a more fully-fledged person when it comes to some of the following aspects:
1- Derivatives including Forwards, Futures, and Options
2- Mergers and Acquisitions (including friendly and hostile ones)
3- Pecking Theory of Capital Structure and Debt Financing
4- Risk Management
5- IPO Process
6- Payoff Decisions
7- DCF analysis and techniques
The end project submission was one of my favourite parts and I spent a huge amount of time studying and reviewing every part of it along with the final 39 questions so that I can deepen my knowledge within those fields.
This course deserves nothing but the full grade and huge thanks to Sean Pinder and Paul Kauffman :)