Corporate Finance (Aswath Damodaran, NYU Stern, Spring 2025)

About this course

Aswath Damodaran's complete corporate finance class: how businesses should decide where to invest, how to fund those investments and how much cash to return to owners. Who it's for: MBA and finance students and managers who make financial decisions. These are the free, official videos of the "Corporate Finance Spring 2025" playlist from the Aswath Damodaran YouTube channel (youtube.com/@aswathdamodaranonvaluation). All videos belong to Aswath Damodaran; Sikhami is not affiliated with Aswath Damodaran and simply arranges the public playlist into a course, so you can learn one lesson at a time and keep track of your progress.

What you will learn

• The objective of the firm and corporate governance • Risk, risk-free rates, equity risk premiums and betas • Cost of equity, cost of debt and cost of capital • Investment analysis: returns, uncertainty and real options • The debt-equity trade-off and the optimal financing mix • Designing debt, and dividend policy

Course content

1 section · 27 lectures · 37h 51m

1. 1. Corporate Finance Spring 2025

   • Corporate Finance: A Class Preview3m
   • Session 1: Class themes, structure and logistics1h 23m
   • Session 2: The End Game in Business1h 22m
   • Session 3: Corporate Governance - Power abhors a vacuum!1h 22m
   • Session 4: Closure on the End Game - Stakeholders, Sustainability and ESG1h 24m
   • Session 5: Closure on the end game and first steps on risk1h 22m
   • Session 6: Riskfree Rates and Equity Risk Premiums1h 22m
   • Session 7: Equity Risk Premiums and Betas4h 59m
   • Session 8: Expected returns and Costs of Equity1h 20m
   • Session 9: More on beta - bottom up betas and private company betas1h 20m
   • Session 10: Debt and the Cost of Debt56m
   • Session 11: Hurdle Rates Closure and First Steps on Investment Returns1h 22m
   • Session 12: Incremental, time-weighted Cash Flow Returns1h 21m
   • Session 13: Dealing with uncertainty and more project analyses1h 16m
   • Session 14: Choosing between investments and Side Costs/Benefits1h 37m
   • Session 15: Celsius Case Analysis, Real Options and Investment Post-mortems1h 22m
   • Session 16: The Debt Equity Tradeoff1h 35m
   • Session 17: Optimizing the Debt Mix with Cost of Capital approach1h 21m
   • Session 18: Finishing up with Cost of Capital Optimization51m
   • Session 19: The APV and Peer Group Approaches to Financing Mix1h 21m
   • Session 20: Debt Design1h 20m
   • Session 21: Dividends and Cash Return - First Steps1h 24m
   • Session 22: Dividend Trade offs47m
   • Session 23: Assessing Dividend (and Cash Return) Policy1h 24m
   • Session 24: Closure on Dividends and First Steps on Valuation1h 20m
   • Session 25: Valuation - The Final Frontier!1h 19m
   • Session 26: The End Game1h 7m