課程信息
5.0
100 個評分
37 個審閱
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
可靈活調整截止日期

可靈活調整截止日期

根據您的日程表重置截止日期。
完成時間(小時)

完成時間大約為20 小時

建議:The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
可選語言

英語(English)

字幕:英語(English)
100% 在線

100% 在線

立即開始,按照自己的計劃學習。
可靈活調整截止日期

可靈活調整截止日期

根據您的日程表重置截止日期。
完成時間(小時)

完成時間大約為20 小時

建議:The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
可選語言

英語(English)

字幕:英語(English)

教學大綱 - 您將從這門課程中學到什麼

1
完成時間(小時)
完成時間為 1 小時

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 個視頻 (總計 18 分鐘), 1 個閱讀材料, 1 個測驗
Video6 個視頻
Animation - Where value comes from2分鐘
Animation - The value of flexibility2分鐘
Animation - Real options are everywhere!2分鐘
Animation - The value of strategic commitment2分鐘
Animation - Option Games: Integrating flexibility and strategic commitment3分鐘
Reading1 個閱讀材料
Outline5分鐘
Quiz1 個練習
Understanding expanded net present value24分鐘
2
完成時間(小時)
完成時間為 5 小時

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 個視頻 (總計 59 分鐘), 4 個閱讀材料, 4 個測驗
Video7 個視頻
When to use DCF approaches7分鐘
Forecasting free cash flows based on historical performance8分鐘
Calculating free cash flows10分鐘
Calculating the terminal value9分鐘
Using multiples valuation9分鐘
Answer to practice quiz 'WACC method'9分鐘
Reading4 個閱讀材料
Key value driver derivation (optional)10分鐘
Types of multiples (optional)15分鐘
Answer to practice quiz 'APV Method'10分鐘
The case of RJR Nabisco10分鐘
Quiz3 個練習
WACC Method30分鐘
APV Method30分鐘
Test for certificate45分鐘
3
完成時間(小時)
完成時間為 2 小時

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 個視頻 (總計 20 分鐘), 2 個閱讀材料, 3 個測驗
Video3 個視頻
How to estimate growth option value6分鐘
Strategic paradigms and growth option value10分鐘
Reading2 個閱讀材料
Linking valuation to strategy10分鐘
Economic value added (EVA)10分鐘
Quiz2 個練習
Corporate strategy30分鐘
Test for certificate45分鐘
4
完成時間(小時)
完成時間為 4 小時

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 個視頻 (總計 81 分鐘), 5 個測驗
Video11 個視頻
Animation - Real options are everywhere!2分鐘
Timing option5分鐘
Risk neutral valuation6分鐘
Valuing a R&D project10分鐘
Option to expand or contract7分鐘
Option replication and risk neutral valuation13分鐘
Multi-period, continuous, and compound models9分鐘
Answer to practice quiz 'Option to invest'9分鐘
Answer to practice quiz 'Option to expand or contract'5分鐘
Answer to practice quiz 'Option to abandon'6分鐘
Quiz4 個練習
Option to invest15分鐘
Option to expand or contract10分鐘
Option to abandon10分鐘
Test for certificate45分鐘
5.0
37 個審閱Chevron Right

熱門審閱

創建者 JSSep 26th 2018

Great topic, great content, great explanatory animations!

講師

Avatar

Han Smit

Professor of Corporate Finance
Finance
Avatar

Dyaran Bansraj

Lecturer
Finance
Avatar

Nishad Matawlie

Lecturer
Finance

關於 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. ...

常見問題

  • 注册以便获得证书后,您将有权访问所有视频、测验和编程作业(如果适用)。只有在您的班次开课之后,才可以提交和审阅同学互评作业。如果您选择在不购买的情况下浏览课程,可能无法访问某些作业。

  • 您购买证书后,将有权访问所有课程材料,包括评分作业。完成课程后,您的电子课程证书将添加到您的成就页中,您可以通过该页打印您的课程证书或将其添加到您的领英档案中。如果您只想阅读和查看课程内容,可以免费旁听课程。

  • 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!

還有其他問題嗎?請訪問 學生幫助中心