About this Course
최근 조회 41,193

100% 온라인

지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

유동적 마감일

일정에 따라 마감일을 재설정합니다.

고급 단계

완료하는 데 약 24시간 필요

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

영어

자막: 영어, 스페인어

100% 온라인

지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.

유동적 마감일

일정에 따라 마감일을 재설정합니다.

고급 단계

완료하는 데 약 24시간 필요

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

영어

자막: 영어, 스페인어

강의 계획 - 이 강좌에서 배울 내용

1
완료하는 데 1시간 필요

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)!

...
6 videos (Total 18 min), 1 reading, 1 quiz
6개의 동영상
Animation - Real options are everywhere!2m
Animation - The value of strategic commitment2m
Animation - Option Games: Integrating flexibility and strategic commitment3m
1개의 읽기 자료
Outline5m
1개 연습문제
Understanding expanded net present value24m
2
완료하는 데 5시간 필요

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.

...
7 videos (Total 59 min), 6 readings, 4 quizzes
7개의 동영상
Calculating free cash flows10m
Calculating the terminal value9m
Answer to practice quiz 'WACC method'9m
Using multiples valuation9m
6개의 읽기 자료
Key value driver derivation (optional)10m
Answer to practice quiz 'APV Method'10m
IRR: Internal Rate of Return10m
Types of multiples15m
Checklist2m
The case of RJR Nabisco10m
3개 연습문제
WACC Method30m
APV Method30m
Test for certificate45m
3
완료하는 데 3시간 필요

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.

...
3 videos (Total 20 min), 3 readings, 3 quizzes
3개의 읽기 자료
Linking valuation to strategy10m
Economic value added (EVA)10m
Checklist2m
2개 연습문제
Corporate strategy30m
Test for certificate45m
4
완료하는 데 4시간 필요

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.

...
11 videos (Total 81 min), 1 reading, 5 quizzes
11개의 동영상
Risk neutral valuation6m
Valuing an R&D project10m
Option to expand or contract7m
Answer to practice quiz 'Option to invest'9m
Answer to practice quiz 'Option to expand or contract'5m
Answer to practice quiz 'Option to abandon'6m
Option replication and risk neutral valuation13m
Multi-period, continuous, and compound models9m
1개의 읽기 자료
Checklist2m
4개 연습문제
Option to invest15m
Option to expand or contract10m
Option to abandon10m
Test for certificate45m
4.8
55개의 리뷰Chevron Right

Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital의 최상위 리뷰

대학: BBJan 18th 2019

Great course for those that work and want a solid overview of important valuation material. More advanced content than in other courses and very helpful instructors!

대학: DDJan 31st 2019

Very advanced course in corporate valuation and in corporate strategy. Having a good understanding of basic corporate finance topics is recommended.

강사

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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

에라스무스 대학교 로테르담 캠퍼스 정보

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. ...

자주 묻는 질문

  • 강좌에 등록하면 바로 모든 비디오, 테스트 및 프로그래밍 과제(해당하는 경우)에 접근할 수 있습니다. 상호 첨삭 과제는 이 세션이 시작된 경우에만 제출하고 검토할 수 있습니다. 강좌를 구매하지 않고 살펴보기만 하면 특정 과제에 접근하지 못할 수 있습니다.

  • 수료증을 구매하면 성적 평가 과제를 포함한 모든 강좌 자료에 접근할 수 있습니다. 강좌를 완료하면 전자 수료증이 성취도 페이지에 추가되며, 해당 페이지에서 수료증을 인쇄하거나 LinkedIn 프로필에 수료증을 추가할 수 있습니다. 강좌 콘텐츠만 읽고 살펴보려면 해당 강좌를 무료로 청강할 수 있습니다.

  • 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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