このコースについて
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100%オンライン

自分のスケジュールですぐに学習を始めてください。

柔軟性のある期限

スケジュールに従って期限をリセットします。

上級レベル

約24時間で修了

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

英語

字幕:英語, スペイン語

100%オンライン

自分のスケジュールですぐに学習を始めてください。

柔軟性のある期限

スケジュールに従って期限をリセットします。

上級レベル

約24時間で修了

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

英語

字幕:英語, スペイン語

シラバス - 本コースの学習内容

1
1時間で修了

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件のビデオ (合計18分), 1 reading, 1 quiz
6件のビデオ
Animation - Real options are everywhere!2 分
Animation - The value of strategic commitment2 分
Animation - Option Games: Integrating flexibility and strategic commitment3 分
1件の学習用教材
Outline5 分
1の練習問題
Understanding expanded net present value24 分
2
5時間で修了

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.

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7件のビデオ (合計59分), 6 readings, 4 quizzes
7件のビデオ
Calculating free cash flows10 分
Calculating the terminal value9 分
Answer to practice quiz 'WACC method'9 分
Using multiples valuation9 分
6件の学習用教材
Key value driver derivation (optional)10 分
Answer to practice quiz 'APV Method'10 分
IRR: Internal Rate of Return10 分
Types of multiples15 分
Checklist2 分
The case of RJR Nabisco10 分
3の練習問題
WACC Method30 分
APV Method30 分
Test for certificate45 分
3
3時間で修了

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.

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3件のビデオ (合計20分), 3 readings, 3 quizzes
3件の学習用教材
Linking valuation to strategy10 分
Economic value added (EVA)10 分
Checklist2 分
2の練習問題
Corporate strategy30 分
Test for certificate45 分
4
4時間で修了

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.

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11件のビデオ (合計81分), 1 reading, 5 quizzes
11件のビデオ
Risk neutral valuation6 分
Valuing an R&D project10 分
Option to expand or contract7 分
Answer to practice quiz 'Option to invest'9 分
Answer to practice quiz 'Option to expand or contract'5 分
Answer to practice quiz 'Option to abandon'6 分
Option replication and risk neutral valuation13 分
Multi-period, continuous, and compound models9 分
1件の学習用教材
Checklist2 分
4の練習問題
Option to invest15 分
Option to expand or contract10 分
Option to abandon10 分
Test for certificate45 分
4.8
55件のレビューChevron Right

Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital からの人気レビュー

by 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!

by DDJan 31st 2019

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

講師

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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

エラスムス・ロッテルダム大学(Erasmus University Rotterdam)について

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. ...

よくある質問

  • 修了証に登録すると、すべてのビデオ、テスト、およびプログラミング課題(該当する場合)にアクセスできます。ピアレビュー課題は、セッションが開始してからのみ、提出およびレビューできます。購入せずにコースを検討することを選択する場合、特定の課題にアクセスすることはできません。

  • 修了証を購入する際、コースのすべての教材(採点課題を含む)にアクセスできます。コースを完了すると、電子修了証が成果のページに追加されます。そこから修了証を印刷したり、LinkedInのプロフィールに追加したりできます。コースの内容の閲覧のみを希望する場合は、無料でコースを聴講できます。

  • 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!

さらに質問がある場合は、受講者向けヘルプセンターにアクセスしてください。