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Corporate Finance(公司财务 英文版)Tianning Li

课程编号:EliteU63040004B1

This course provides an introduction to the fundamental analytical tools and use of information sources in corporate finance. Learners will be able to understand financial statement analysis, time value of money, valuation of securities, risk, rates of return and capital budgeting techniques. This course is not only a good fit for students who major in finance, it can also equip decision makers and employees with finacial knowledge. 全文

学习时长: 80小时 报名人数: 318 学习期限:持续有效 

先修知识: Financial Accounting, Micro-economics, Macro-economics, Statistics

Tianning Li

Tianning Li

教授简介

Tianning Li received his Ph.D. in Finance from the University of Tennessee. He is the Associate Professor of Finance at Hood College. He is also the member of Financial Management Association, American Finance Association and The Association of Private Enterprise Education. Former reviewer of several internationally recognized academic journals, such as Contemporary Economic Policy, Journal of Financial Research and International Journal of Business. His research interests include Capital Structure, Cost of Capital, Ownership Structure, Entrepreneurship, Emerging Markets, and Market Efficiency. Professor Li has published several significant research papers in international academic journals, including Journal of Business and Economics, Journal of Private Enterprise and International Journal of Business. And he is constantly invited to present his research outputs at prestigious conferences. He has received honors, including Hood College Board of Associates McCardell Professional Development Grants, Summer Research Grant of University of Tennessee and Graduate Assistantship of University of Tennessee, etc. Some of the academic papers that Professor Li is currently working on are "Price and Liquidity Effects Associated with the Creation of Dow Jones Islamic Index", "Will Small Business Administration (SBA) Guarantee Create Another Bubble?", "Do Banking Sectors with Better Regulation Performed Better in the Financial Crisis?",“Ownership Structure in Determining Capital Structure Decision” and "From Entrepreneurs to Millionaire CEOs: Wealth Effects On Start-up Firms’ Decision Making".

主要成就

Associate Professor of Finance at Hood College, USA
Director of MBA Program at Hood College, USA
Former reviewer of Contemporary Economic Policy, Journal of Financial Research and International Journal of 
Business, USA
Member of Financial Management Association, American Finance Association and The Association of Private
Enterprise Education, USA

教育背景

Ph.D., Finance, University of Tennessee, USA
M.S., Information System, Marshall University, USA
B.A., English, Dalian University of Technology

其他成就

Hood College Board of Associates McCardell Professional Development Grants, USA
Summer Research Grant of University of Tennessee, USA
Graduate Assistantship of University of Tennessee, USA

研究领域

Capital Structure, Cost of Capital, Ownership Structure, Entrepreneurship, Emerging Markets, and Market Efficiency. 

Work in progress: "Price and Liquidity Effects Associated with the Creation of Dow Jones Islamic Index", "Will Small 
Business Administration (SBA) Guarantee Create Another Bubble?", "Do Banking Sectors with Better Regulation
Performed Better in the Financial Crisis?",“Ownership Structure in Determining Capital Structure Decision”
and
"From Entrepreneurs to Millionaire CEOs: Wealth Effects On Start-up Firms' Decision Making".

学术刊物文章

Published several significant research papers in international academic journals, including Journal of Business and
Economics, Journal of Private Enterprise
and International Journal of Business.
CH01 Introduction
1.1 The Goal of The Firm
1.2 Five Principles in Corporate Finance
1.3 The Capital Allocation Process
1.4 What is a Financial Market?
1.5 What is an Efficient Market Hypothesis?
Quiz
CH02 Financial Statement Analysis
2.1 Cash Flows Matter
2.1.1 Cash Flows Matter Part 1
2.1.2 Cash Flows Matter Part 2
2.2 Financial Ratios
Quiz
CH03 Time Value of Money
3.1 Future Value
3.2 Present Value
3.3 Annuity
3.3.1 Ordinary Annuity
3.3.2 Annuity Due
3.4 Uneven Cash Flows
3.5 Compounding Frequency and Effective Annual Rate
3.6 Loan Amortization
Quiz
CH04 Interest Rate
4.1 Factors Affecting The Level of Interest Rate
4.2 Determinants of Interest Rates
4.3 Term Structure of Interest Rates (yield curve)
4.4 Pure Expectation Hypothesis
4.5 Macroeconomic Factors
Quiz
CH05 Bond and Bond Evaluation
5.1 Key Features of Bonds
5.2 Bond Valuation
5.3 Bond Properties
5.4 Yield to Call vs. Yield to Maturity
Quiz
CH06 Stock and Stock Evaluation
6.1 Intrinsic Value vs. Market Price
6.2 Discounted Cash Flow Model
6.3 Corporate Valuation Model
6.4 Multiple Methods
Quiz
CH07 Risk and Return
7.1 Return
7.2 Risk
7.2.1 Stand-alone Risk
7.2.2 Portfolio Risk
7.3 Risk and Return Relationship: Capital Asset Pricing Model
Quiz
CH08 Cost of Capital
8.1 Sources of Capital
8.2 Component Costs
8.3 Weighted Average Cost of Capital
Quiz
CH09 Capital Budgeting and Cash Flow Estimations
9.1 Guidelines for Cash Flow Estimations
9.1.1 Guidelines for Cash Flow Estimations Part 1
9.1.2 Guidelines for Cash Flow Estimations Part 2
9.2 Cash Flow Estimations
Quiz
CH10 Capital Budgeting Techniques
10.1 Payback Period
10.2 Net Present Value (NPV)
10.3 Internal Rate of Return (IRR)
10.4 Mutually Exclusive Projects and Conflicts between NPV and IRR
10.4.1 Mutually Exclusive Projects and Conflicts between NPV and IRR Part 1
10.4.2 Mutually Exclusive Projects and Conflicts between NPV and IRR Part 2
10.5 Modified IRR (MIRR)
Quiz

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