Informações sobre o curso
5.0
100 classificações
37 avaliações
100% online

100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Horas para completar

Aprox. 20 horas para completar

Sugerido: The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
Idiomas disponíveis

Inglês

Legendas: Inglês
100% online

100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Prazos flexíveis

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Horas para completar

Aprox. 20 horas para completar

Sugerido: The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
Idiomas disponíveis

Inglês

Legendas: Inglês

Programa - O que você aprenderá com este curso

Semana
1
Horas para completar
1 hora para concluir

Executive Summary

Welcome! My name is Han Smit, I am Professor of Corporate Finance at Erasmus School of Economics. I will be your lecturer, and together with my team, Dyaran Bansraj and Nishad Matawlie, we are going to take you on a fascinating journey that may change the way you make strategic investment decisions. This executive level course consists of a series of accessible animation videos. Step by step we develop the conceptual frameworks and new valuation principles for strategic investments that are difficult to value with traditional tools. These new valuation methods can be particularly interesting for venture capitalists, private equity investors, investment bankers, CEOs, and CFOs. This executive level course is meant for those who want to be updated on the latest insights in corporate strategy and valuation techniques. You can walk through the fundamentals of the course in less than a week! If you wish to follow the student level, you can skip this week (don't worry, you won't miss out on anything)!...
Reading
6 videos (Total 18 min), 1 leitura, 1 teste
Video6 videos
Animation - Where value comes from2min
Animation - The value of flexibility2min
Animation - Real options are everywhere!2min
Animation - The value of strategic commitment2min
Animation - Option Games: Integrating flexibility and strategic commitment3min
Reading1 leituras
Outline5min
Quiz1 exercício prático
Understanding expanded net present value24min
Semana
2
Horas para completar
5 horas para concluir

Discounted Cash Flow Analysis

We show you how to apply DCF approaches and provide case applications illustrating the powerful potential of this valuation methodology. We consider historical analysis, the estimation of free cash flows, various DCF approaches, and multiples valuation. In the assignments we consider specialized topics such as the valuation of leveraged buyouts. After this module you will be familiar with DCF approaches and will be able to relate them to strategy. ...
Reading
7 videos (Total 59 min), 4 leituras, 4 testes
Video7 videos
When to use DCF approaches7min
Forecasting free cash flows based on historical performance8min
Calculating free cash flows10min
Calculating the terminal value9min
Using multiples valuation9min
Answer to practice quiz 'WACC method'9min
Reading4 leituras
Key value driver derivation (optional)10min
Types of multiples (optional)15min
Answer to practice quiz 'APV Method'10min
The case of RJR Nabisco10min
Quiz3 exercícios práticos
WACC Method30min
APV Method30min
Test for certificate45min
Semana
3
Horas para completar
2 horas para concluir

Corporate Strategy

This module closes the gap between traditional corporate finance and strategic planning by linking corporate strategy to the market value. We can assess the value of a company through the expanded NPV criterion, which is able to capture the value of the firm's growth options. We review various strategic paradigms that analyze the underlying sources of this growth option value, focusing on industry analysis, firms' internal resources and dynamic capabilities. After this module you will be able to recognise the strategic growth option value in the market value of a company....
Reading
3 videos (Total 20 min), 2 leituras, 3 testes
Video3 videos
How to estimate growth option value6min
Strategic paradigms and growth option value10min
Reading2 leituras
Linking valuation to strategy10min
Economic value added (EVA)10min
Quiz2 exercícios práticos
Corporate strategy30min
Test for certificate45min
Semana
4
Horas para completar
4 horas para concluir

Corporate Real Options

This module reviews the basic concepts and valuation principles of real options. Real options theory quantifies decision making under uncertainty and stresses the importance of wait-and-see flexibility, suggesting that managers should wait until major uncertainties are resolved and the project is more clearly beneficial. Since it recognizes that investments tend to be sequentially related over time, real options analysis is particularly suitable for valuing strategies in addition to isolated projects. After this module you will be able to quantify the flexibility component of the strategic growth option value. This is an important capability when valuing high-tech companies....
Reading
11 videos (Total 81 min), 5 testes
Video11 videos
Animation - Real options are everywhere!2min
Timing option5min
Risk neutral valuation6min
Valuing a R&D project10min
Option to expand or contract7min
Option replication and risk neutral valuation13min
Multi-period, continuous, and compound models9min
Answer to practice quiz 'Option to invest'9min
Answer to practice quiz 'Option to expand or contract'5min
Answer to practice quiz 'Option to abandon'6min
Quiz4 exercícios práticos
Option to invest15min
Option to expand or contract10min
Option to abandon10min
Test for certificate45min
5.0
37 avaliaçõesChevron Right

Melhores avaliações

por JSSep 26th 2018

Great topic, great content, great explanatory animations!

Instrutores

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Han Smit

Professor of Corporate Finance
Finance
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Dyaran Bansraj

Lecturer
Finance
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Nishad Matawlie

Lecturer
Finance

Sobre Erasmus University Rotterdam

Erasmus University: a top-100 ranked international research university based in Rotterdam, the Netherlands. Our academic teaching and research focuses on four areas: health, wealth, culture and governance. Erasmus University Rotterdam: make it happen. ...

Perguntas Frequentes – FAQ

  • Ao se inscrever para um Certificado, você terá acesso a todos os vídeos, testes e tarefas de programação (se aplicável). Tarefas avaliadas pelos colegas apenas podem ser enviadas e avaliadas após o início da sessão. Caso escolha explorar o curso sem adquiri-lo, talvez você não consiga acessar certas tarefas.

  • Quando você adquire o Certificado, ganha acesso a todo o material do curso, incluindo avaliações com nota atribuída. Após concluir o curso, seu Certificado eletrônico será adicionado à sua página de Participações e você poderá imprimi-lo ou adicioná-lo ao seu perfil no LinkedIn. Se quiser apenas ler e assistir o conteúdo do curso, você poderá frequentá-lo como ouvinte sem custo.

  • You can follow the MOOC without studying additional sources. Further reading of the discussed topics, including the Building Blocks) is provided in the textbook that I wrote with Lenos Trigeorgis: Strategic Investment: Real Options and Games, Princeton University Press, E-book ISBN9781400829392

  • In four weeks, we review the four most important foundations in valuation and strategy: corporate valuation, strategic management and growth option value, corporate real options, and game theory. If you don't have four weeks, you can also follow the course at your own pace. The full course content will be available from the start!

  • Yes you can!

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