课程信息
5.0
99 个评分
37 个审阅
100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
完成时间(小时)

完成时间大约为19 小时

建议:The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
可选语言

英语(English)

字幕:英语(English)
100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
完成时间(小时)

完成时间大约为19 小时

建议:The course consists of 4 weeks only. The estimated workload is 2-5 hours per week....
可选语言

英语(English)

字幕:英语(English)

教学大纲 - 您将从这门课程中学到什么

1
完成时间(小时)
完成时间为 1 小时

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 个视频 (总计 18 分钟), 1 个阅读材料, 1 个测验
Video6 个视频
Animation - Where value comes from2分钟
Animation - The value of flexibility2分钟
Animation - Real options are everywhere!2分钟
Animation - The value of strategic commitment2分钟
Animation - Option Games: Integrating flexibility and strategic commitment3分钟
Reading1 个阅读材料
Outline5分钟
Quiz1 个练习
Understanding expanded net present value24分钟
2
完成时间(小时)
完成时间为 5 小时

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 个视频 (总计 59 分钟), 4 个阅读材料, 4 个测验
Video7 个视频
When to use DCF approaches7分钟
Forecasting free cash flows based on historical performance8分钟
Calculating free cash flows10分钟
Calculating the terminal value9分钟
Using multiples valuation9分钟
Answer to practice quiz 'WACC method'9分钟
Reading4 个阅读材料
Key value driver derivation (optional)10分钟
Types of multiples (optional)15分钟
Answer to practice quiz 'APV Method'10分钟
The case of RJR Nabisco10分钟
Quiz3 个练习
WACC Method30分钟
APV Method30分钟
Test for certificate45分钟
3
完成时间(小时)
完成时间为 2 小时

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 个视频 (总计 20 分钟), 2 个阅读材料, 3 个测验
Video3 个视频
How to estimate growth option value6分钟
Strategic paradigms and growth option value10分钟
Reading2 个阅读材料
Linking valuation to strategy10分钟
Economic value added (EVA)10分钟
Quiz2 个练习
Corporate strategy30分钟
Test for certificate45分钟
4
完成时间(小时)
完成时间为 4 小时

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 个视频 (总计 81 分钟), 5 个测验
Video11 个视频
Animation - Real options are everywhere!2分钟
Timing option5分钟
Risk neutral valuation6分钟
Valuing a R&D project10分钟
Option to expand or contract7分钟
Option replication and risk neutral valuation13分钟
Multi-period, continuous, and compound models9分钟
Answer to practice quiz 'Option to invest'9分钟
Answer to practice quiz 'Option to expand or contract'5分钟
Answer to practice quiz 'Option to abandon'6分钟
Quiz4 个练习
Option to invest15分钟
Option to expand or contract10分钟
Option to abandon10分钟
Test for certificate45分钟
5.0
37 个审阅Chevron Right

热门审阅

创建者 JSSep 26th 2018

Great topic, great content, great explanatory animations!

讲师

Avatar

Han Smit

Professor of Corporate Finance
Finance
Avatar

Dyaran Bansraj

Lecturer
Finance
Avatar

Nishad Matawlie

Lecturer
Finance

关于 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. ...

常见问题

  • 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!

还有其他问题吗?请访问 学生帮助中心