Raising Capital: The Process, the Players, and Strategic Considerations
What you will learn
Your new project not only needs funding—it needs the right type of funding. You need to know how to choose between debt and equity funding, and when to consider acquiring funds from capital markets. These outside funding sources will have their own expectations for rates of return, and the cost of this funding is driven by a number of external factors such as the state of the economy and the industry. View the process of raising capital in a broad context of capital-related decisions regarding the mix of capital and the process of entering into capital markets Explain how decisions in your department or division are influenced by capital structuring decisions Explain why changes in the industry and in the economy are important to capital budgeting decisions in your organization Contribute to decisions in your own firm more meaningfully with a good understanding of corporate restructuring, mergers, acquisitions, and bankruptcy Making sound capital budgeting and funding decisions is a vital part of your role as a manager, and this course shows you how characteristics of capital markets impact the process and prospects of raising capital. Learn how to observe external economic data, tips for developing strategies to balance debt and equity at your firm, and how decisions regarding corporate restructuring, mergers, acquisitions and bankruptcy are made. These concepts, when put into action, will help ensure that you are maximizing the value of your firm using the correct balance of debt and equity. The course Risk and Return: How to Identify, Measure, and Incorporate Into Capital Budgeting Decisions is required to be completed prior to starting this course.