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Overview
What you will study
Does financial leverage actually matter? What are the benefits, costs and risks associated with it? Is there an optimal amount of leverage? And if firms are highly levered, how should stock market investors adjust for risk? This Advanced Corporate Finance - Strategies for Optimizing Capital Structure and Maximizing Shareholder Value course offered by New York University is designed to answer these and related questions.
Participants will understand how leverage creates valuable interest tax shields while increasing the risk of financial distress. Through a combination of discussion, case studies and numerical examples, participants will gain hands-on practice with rigorous methods (WACC and APV) to account for leverage in equity or firm valuation or when making investment decisions.
Programme Structure
The program focuses on:
- Review: Capital Asset Pricing Model
- Modigliani-Miller I: Leverage and Firm Value
- Modigliani-Miller II: Leverage and Equity Risk
- Cost of Capital Fallacy
- Leverage, Information, and Incentives
- Interest Tax Shields
- The “Low Leverage Puzzle”
- Costs of Financial Distress
- Optimal Capital Structure
Key information
Duration
- Part-time
- 3 days
Start dates & application deadlines
You can apply for and start this programme anytime.
Language
English
Delivered
Online
Disciplines
Finance Strategic Management Financial Management View 193 other Short Courses in Finance in United StatesAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
- Intended for individuals who want to improve their financial literacy but have existing foundational experience with or knowledge of corporate finance
- Proficiency in written and spoken English is required
Work experience
- Designed for professionals with 5+ years of work experience
Tuition Fee
To always see correct tuition fees
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International
3800 USD/fullTuition FeeBased on the tuition of 3800 USD for the full programme during 3 days. -
National
3800 USD/fullTuition FeeBased on the tuition of 3800 USD for the full programme during 3 days.
Funding
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