Advanced Corporate Finance
Advanced corporate finance demands strategic thinking and deep analysis of how financial decisions impact value. This course builds on core principles to tackle complex challenges facing modern firms. You'll master valuation beyond basic DCF, assess capital structure with taxes and distress, and evaluate mergers, acquisitions, and spin-offs. Case studies build the skills needed for roles in investment banking, private equity, and senior finance roles.
Course Topics
Advanced Valuation Techniques
Apply methods such as FCFF, FCFE, and APV to value complex firms and strategic investments, addressing issues with traditional DCF approaches.
Strategic Investment Decisions
Evaluate capital allocation within firms, assess IRR limitations, and analyze corporate growth strategies such as mergers and acquisitions.
Optimal Capital Structure
Determine financing strategies considering factors such as tax shields, financial distress costs, and the impact on beta under various debt assumptions.
Payout Policy Analysis
Compare alternatives such as dividends versus share repurchases using Modigliani-Miller dividend irrelevance theory and practical market considerations.
Corporate Financing Decisions
Analyze security issuance decisions, cost of capital implications, and the strategic process of raising capital.
Corporate Governance and Agency Theory
Examine how governance mechanisms address conflicts between management and shareholders in financing, investment, and payout decisions.
400
Disclosure
This course is delivered online through an institution of the Lower Cost Models Consortium (LCMC) that is different than your degree-granting institution that awards the academic credit for the course.
