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Explore the Corporate Finance Second Edition course, covering essential topics from class logistics to optimal financing mix and valuation in 35 hours. Perfect for business administration learners!
Corporate Finance Second Edition is an in-depth course designed for those keen on delving into the intricacies of corporate finance. Running for 35 hours and 6 minutes, this comprehensive course offers a detailed exploration of pivotal concepts and strategies within the realm of corporate finance. It falls under the category of Business Administration and is specifically tailored to those interested in Corporate Finances.
The journey begins with a detailed preview of the course, setting the stage for what follows. Participants are introduced to the logistics, mission, and overarching themes in the initial session, providing a solid foundation and clear objectives to strive toward. Following this, you will explore profound insights in "The End Game in Business," discussing the ultimate objectives and success measures for enterprises. Understanding where the power lies within a business structure forms a crucial part of this early exploration, leading to discussions on the considerations beyond mere shareholder value maximization.
As participants progress, attention shifts to the nuances of risk. Starting with fundamental concepts, the course examines risk-free rates, equity risk premiums, and their implications. The journey through equity risk premiums deepens, paving the way for a comprehensive understanding of betas, their drivers, and determinants. The exploration of costs—both equity and debt—follows, elaborating on their critical roles in financial management.
Measuring investment returns and dealing with uncertainties around incremental cashflows form key components of the mid-section of the course. Real-world cases, such as the Tesla Bot Case, bring these concepts to life, emphasizing the practical applications and critical analysis necessary for scholarly understanding. Side benefits and costs in projects lead the discussion towards closure on investment analysis and optimal financing mix strategies.
Subsequent sessions dive into the optimization of financing mix, determinants, drivers, and the balance between debt and equity. Design considerations for debt, tax implications, and the trade-offs associated with dividends are meticulously discussed, underscoring the nuanced balancing act required for effective financial management. Completing these discussions, the course examines potential dividends, transitioning smoothly into advanced valuation techniques.
The final sessions bring the comprehensive content into perspective through "The End Game." This culminates a rich exploration of corporate finance, equipping learners with both theoretical insights and practical tools to optimize financial performance in varied business contexts.
This extensive course is not only a deep dive into corporate finance ideals and practices but also a valuable resource for understanding the strategic decision-making processes that underpin successful business administration. Despite not having any reviews yet, its content promises a robust educational experience for those aspiring to master the nuances of corporate finance.
Video class: Corporate Finance: A Class Preview
0h03m
Video class: Session 1: Class Logistics, Mission and Themes
1h21m
Exercise: Which of the following principles is central to making investment decisions in corporate finance?
Video class: Session 2: The End Game in Business
1h23m
Exercise: What is the primary reason corporate finance focuses on maximizing shareholder value rather than focusing on the interests of other stakeholders?
Video class: Session 3: Where does the power lie?
1h27m
Exercise: In corporate finance, understanding the distribution of power within a company is crucial. Which of the following is NOT a possible entity where power can rest, potentially impacting shareholder influence?
Video class: Session 4: Alternatives to Shareholder Value Maximization
1h22m
Exercise: What is one potential drawback of pursuing stakeholder wealth maximization as an objective for companies?
Video class: Session 5: End Game Conclusion and First Steps on Risk
1h27m
Video class: Session 6: Risk, Riskfree Rates and Equity Risk Premiums (a start)
1h18m
Exercise: What is the main reason why risk-free rates vary across different currencies?
Video class: Session 7: Equity Risk Premiums
1h25m
Exercise: What is one reason why historical risk premiums may not be the most reliable estimate of future equity risk premiums?
Video class: Session 8: Betas and beyond!
1h23m
Exercise: Which of the following best describes a reason for a company's high Beta value?
Video class: Session 9: Betas - Drivers and Determinants
1h22m
Exercise: Which of the following factors can most significantly impact a company's beta in terms of financial leverage?
Video class: Session 10: Closure on Cost of Equity
0h45m
Exercise: When evaluating a potential project for a multi-business company, which cost of equity should be considered to make an informed decision?
Video class: Session 11: Costs of Debt
1h28m
Exercise: When considering a company's hurdle rate, which component measures the risk faced by equity investors who are diversified?
Video class: Session 12: Measuring Investment Returns
1h24m
Exercise: What could be a primary reason that a bank like Silicon Valley Bank would choose to invest short-term deposits into long-term 10-year bonds, despite apparent risks?
Video class: Session 13: Incremental Cashflows and Dealing with Uncertainty
1h21m
Exercise: In the context of project evaluation, what is the 'sunk cost' and how should it affect future decision-making?
Video class: Session 14: Equity Analysis, Acquisition Valuation and NPV vs IRR
1h29m
Exercise: In corporate finance, when analyzing an acquisition without considering synergy, which discount rate should be used to value the target company's cash flows to reflect their risk correctly?
Video class: Session 15: The Tesla Bot Case and Side Benefits/Costs in Projects
1h27m
Exercise: In capital budgeting, what is an opportunity cost when using an existing resource?
Video class: Session 16: Closure on Investment Analysis
0h47m
Exercise: What is the significance of the 'option to delay' in investment analysis?
Video class: Session 17: The Financing Mix Trade off
1h25m
Exercise: Which of the following is a primary reason why companies might choose to use debt over equity?
Video class: Session 18: Optimizing Financing Mix
1h22m
Exercise: In an economy with no taxes, no bankruptcy risk, and managers who always act in the stockholders' best interests, what would be the implication on the company's decision to borrow money?
Video class: Session 19: Optimal Financing Mix - Determinants and Drivers
1h20m
Exercise: In the financing mix discussion, what is an essential consideration when deciding on the price at which to buy back company shares?
35 hours and 6 minutes of online video course
Exercises to train your knowledge
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