Corporate Finance II: Financing Investments and Managing Risk

University of Illinois at Urbana-Champaign

finance   |   Advanced   |   16 Hours

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:

•\tUnderstand how companies make financing, payout and risk management decisions that create value
•\tMeasure the effects of leverage on profitability, risk, and valuation
•\tManage credit risk and financial distress using appropriate financial tools
•\tUnderstand the links between payout policies and company performance
•\tUse derivatives and liquidity management to offset financial risks
•\tPick 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.

What skills will you gain?

Risk

capital structure

foreign exchange risk

investment

financial distress

Finance

Risk Management

corporate bond

Leadership and Management

Financial Management