Über diesen Kurs
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Flexible Fristen

Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.

Stufe „Fortgeschritten“

Ca. 24 Stunden zum Abschließen

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

Englisch

Untertitel: Englisch, Spanisch

100 % online

Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.

Flexible Fristen

Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.

Stufe „Fortgeschritten“

Ca. 24 Stunden zum Abschließen

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

Englisch

Untertitel: Englisch, Spanisch

Lehrplan - Was Sie in diesem Kurs lernen werden

Woche
1
1 Stunden zum Abschließen

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)!

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6 Videos (Gesamt 18 min), 1 Lektüre, 1 Quiz
6 Videos
Animation - Real options are everywhere!2m
Animation - The value of strategic commitment2m
Animation - Option Games: Integrating flexibility and strategic commitment3m
1 Lektüren
Outline5m
1 praktische Übungen
Understanding expanded net present value24m
Woche
2
5 Stunden zum Abschließen

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 Videos (Gesamt 59 min), 6 Lektüren, 4 Quiz
7 Videos
Calculating free cash flows10m
Calculating the terminal value9m
Answer to practice quiz 'WACC method'9m
Using multiples valuation9m
6 Lektüren
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
3 praktische Übungen
WACC Method30m
APV Method30m
Test for certificate45m
Woche
3
3 Stunden zum Abschließen

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 Videos (Gesamt 20 min), 3 Lektüren, 3 Quiz
3 Lektüren
Linking valuation to strategy10m
Economic value added (EVA)10m
Checklist2m
2 praktische Übungen
Corporate strategy30m
Test for certificate45m
Woche
4
4 Stunden zum Abschließen

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 Videos (Gesamt 81 min), 1 Lektüre, 5 Quiz
11 Videos
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
1 Lektüren
Checklist2m
4 praktische Übungen
Option to invest15m
Option to expand or contract10m
Option to abandon10m
Test for certificate45m
4.8
55 BewertungenChevron Right

Top reviews from Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

von 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!

von DDJan 31st 2019

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

Dozenten

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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

Über 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. ...

Häufig gestellte Fragen

  • Sobald Sie sich für ein Zertifikat angemeldet haben, haben Sie Zugriff auf alle Videos, Quizspiele und Programmieraufgaben (falls zutreffend). Aufgaben, die von anderen Kursteilnehmern bewertet werden, können erst dann eingereicht und überprüft werden, wenn Ihr Unterricht begonnen hat. Wenn Sie sich den Kurs anschauen möchten, ohne ihn zu kaufen, können Sie womöglich auf bestimmte Aufgaben nicht zugreifen.

  • Wenn Sie ein Zertifikat erwerben, erhalten Sie Zugriff auf alle Kursmaterialien, einschließlich bewerteter Aufgaben. Nach Abschluss des Kurses wird Ihr elektronisches Zertifikat zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.

  • 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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