Free online courseCorporate Finance Second Edition

Duration of the online course: 35 hours and 6 minutes

New course

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!

Course Description

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.

Conteúdo do Curso

  • 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?

This free course includes:

35 hours and 6 minutes of online video course

Exercises to train your knowledge

Certificate of course completion

100% free, from content to certificate

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