In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
Este curso faz parte do Programa de cursos integrados Princípios de finanças corporativas
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Programa de cursos integrados Princípios de finanças corporativasUniversidade de MelbourneInformações sobre o curso
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Aprox. 16 horas para completar
Inglês
Legendas: Francês, Portuguese (European), Vietnamita, Russo, Inglês, Espanhol
Prazos flexíveis
Redefinir os prazos de acordo com sua programação.
Certificados compartilháveis
Tenha o certificado após a conclusão
100% on-line
Comece imediatamente e aprenda em seu próprio cronograma.
Aprox. 16 horas para completar
Inglês
Legendas: Francês, Portuguese (European), Vietnamita, Russo, Inglês, Espanhol
oferecido por
Universidade de Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
Programa - O que você aprenderá com este curso
3 horas para concluir
Defining Attitudes Towards and Alternative Measures of Risk
This week we will define a statistical measure of stand-alone risk as being the standard deviation of returns. We will describe three alternative attitudes towards risk, settling on risk aversion as being the standard assumption made in financial markets. We will then analyse the impact of combining assets into a portfolio upon both risk and return and then quantify the benefits from diversification by comparing performance against a suitable benchmark.
3 horas para concluir
6 vídeos (Total 58 mín.), 7 leituras, 2 testes
2 horas para concluir
Linking risk with expected return
This week we differentiate between systematic and unsystematic risk and explain how the expected returns that are reflected in the prices of assets should be linked to only one type of risk. We illustrate how the Capital Asset Pricing Model might be used to link systematic risk with expected return and then discuss the empirical shortcomings of the model. This leads to a description of more advanced models and we conclude with a review of survey evidence that considers the approach taken by finance mangers of large listed firms in practice.
2 horas para concluir
7 vídeos (Total 49 mín.), 1 leitura, 2 testes
2 horas para concluir
Using financial statement analysis to measure cost of capital
This week we will explain the logical underpinnings of the Weighted Average Cost of Capital Formula and show how it might be estimated in practice by a firm. We will also consider the many challenges that might be faced in using this approach to estimating hurdle rates and conclude with a warning about the perverse outcomes that might occur if the technique is used in a haphazard manner.
2 horas para concluir
5 vídeos (Total 41 mín.), 1 leitura, 2 testes
9 horas para concluir
Addressing financial reality with real options analysis
This week we describe how standard NPV analysis might lead to incorrect decisions when we fail to account for the impact of (or upon) firm flexibility. We then describe the three most common types of real options that firms face in practice and then explain how decision trees might be used to arrive at an approximation of the value of the real option that is embedded within a project. We conclude by considering empirical evidence on the take-up of real options analysis and discuss the situations in which real options analysis might most be needed.
9 horas para concluir
5 vídeos (Total 39 mín.), 4 leituras, 4 testes
Avaliações
- 5 stars76,76%
- 4 stars18,66%
- 3 stars3,52%
- 2 stars0,35%
- 1 star0,70%
Principais avaliações do ABORDAGENS ALTERNATIVAS À VALORIZAÇÃO E AO INVESTIMENTO
por JA19 de mar de 2016
The material is excellent as an introductory course
por AK7 de out de 2017
A truly enjoyable course from start to finish! An excellent accompaniment to any aspiring portfolio manager
por MG23 de set de 2018
Great course. This one really had so much to learn and helped in getting the big picture on risk and returns.
por SV29 de nov de 2018
The content in this course is more interesting than that of the previous three. This was my favourite course in the specialization.
Sobre Programa de cursos integrados Princípios de finanças corporativas
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
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