In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
Este curso forma parte de Programa especializado: Essentials of Corporate Finance
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Programa especializado: Essentials of Corporate FinanceUniversidad de MelbourneAcerca de este Curso
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Fechas límite flexibles
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Certificado para compartir
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100 % en línea
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Curso 4 de 5 en
Aprox. 16 horas para completar
Inglés (English)
Subtítulos: Francés (French), Portugués (europeo), Vietnamita, Ruso (Russian), Inglés (English), Español (Spanish)
Fechas límite flexibles
Restablece las fechas límite en función de tus horarios.
Certificado para compartir
Obtén un certificado al finalizar
100 % en línea
Comienza de inmediato y aprende a tu propio ritmo.
Curso 4 de 5 en
Aprox. 16 horas para completar
Inglés (English)
Subtítulos: Francés (French), Portugués (europeo), Vietnamita, Ruso (Russian), Inglés (English), Español (Spanish)
ofrecido por
Universidad de Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
Programa - Qué aprenderás en este curso
3 horas para completar
Defining Attitudes Towards and Alternative Measures of Risk
This week we will define a statistical measure of stand-alone risk as being the standard deviation of returns. We will describe three alternative attitudes towards risk, settling on risk aversion as being the standard assumption made in financial markets. We will then analyse the impact of combining assets into a portfolio upon both risk and return and then quantify the benefits from diversification by comparing performance against a suitable benchmark.
3 horas para completar
6 videos (Total 58 minutos), 7 lecturas, 2 cuestionarios
2 horas para completar
Linking risk with expected return
This week we differentiate between systematic and unsystematic risk and explain how the expected returns that are reflected in the prices of assets should be linked to only one type of risk. We illustrate how the Capital Asset Pricing Model might be used to link systematic risk with expected return and then discuss the empirical shortcomings of the model. This leads to a description of more advanced models and we conclude with a review of survey evidence that considers the approach taken by finance mangers of large listed firms in practice.
2 horas para completar
7 videos (Total 49 minutos), 1 lectura, 2 cuestionarios
2 horas para completar
Using financial statement analysis to measure cost of capital
This week we will explain the logical underpinnings of the Weighted Average Cost of Capital Formula and show how it might be estimated in practice by a firm. We will also consider the many challenges that might be faced in using this approach to estimating hurdle rates and conclude with a warning about the perverse outcomes that might occur if the technique is used in a haphazard manner.
2 horas para completar
5 videos (Total 41 minutos), 1 lectura, 2 cuestionarios
9 horas para completar
Addressing financial reality with real options analysis
This week we describe how standard NPV analysis might lead to incorrect decisions when we fail to account for the impact of (or upon) firm flexibility. We then describe the three most common types of real options that firms face in practice and then explain how decision trees might be used to arrive at an approximation of the value of the real option that is embedded within a project. We conclude by considering empirical evidence on the take-up of real options analysis and discuss the situations in which real options analysis might most be needed.
9 horas para completar
5 videos (Total 39 minutos), 4 lecturas, 4 cuestionarios
Reseñas
- 5 stars77,03 %
- 4 stars18,37 %
- 3 stars3,53 %
- 2 stars0,35 %
- 1 star0,70 %
Principales reseñas sobre ALTERNATIVE APPROACHES TO VALUATION AND INVESTMENT
por MG23 de sep. de 2018
Great course. This one really had so much to learn and helped in getting the big picture on risk and returns.
por AK7 de oct. de 2017
A truly enjoyable course from start to finish! An excellent accompaniment to any aspiring portfolio manager
por SV29 de nov. de 2018
The content in this course is more interesting than that of the previous three. This was my favourite course in the specialization.
por NK7 de mar. de 2020
Very good for refreshing basic investment theory & some exercises with real numbers. Nice literature is available
Acerca de Programa especializado: Essentials of Corporate Finance
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
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