À propos de ce cours
Corporate Finance Essentials will enable you to understand key financial issues related to companies, investors, and the interaction between them in the capital markets. By the end of this course you should be able to understand most of what you read in the financial press and use the essential financial vocabulary of companies and finance professionals.
Globe

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Clock

Approx. 13 hours to complete

Recommandé : 7 weeks of study, 2-3 hours/week
Comment Dots

English

Sous-titres : English, Korean, Chinese (Simplified)

Compétences que vous acquerrez

Corporate FinanceFinanceValue PropositionCost
Globe

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Clock

Approx. 13 hours to complete

Recommandé : 7 weeks of study, 2-3 hours/week
Comment Dots

English

Sous-titres : English, Korean, Chinese (Simplified)

Syllabus - What you will learn from this course

1

Section
Clock
10 minutes to complete

Course Overview

Overall Syllabus...
Reading
1 reading
Reading1 readings
Syllabus10m

2

Section
Clock
2 hours to complete

Risk and Return

Welcome to Session 1 In this session we will discuss some basic but essential financial concepts such as mean return, volatility, and beta. We will also learn how to apply them in order to assess the performance of selected equity markets over the last decade. The learning objective is to understand the basic, essential, and widely used financial concepts. ...
Reading
7 videos (Total 66 min), 3 readings, 1 quiz
Video7 videos
2. Periodic Returns9m
3. Arithmetic and Geometric Mean Returns10m
4. Evidence9m
5. Volatility11m
6. Beta10m
7. A brief recap8m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 110m
Quiz1 practice exercises
Quiz 116m

3

Section
Clock
2 hours to complete

Correlation and Diversification

To understand diversification, an issue at the very heart of most investment decisions, and the role that correlation plays in determining the gains from diversification....
Reading
7 videos (Total 63 min), 3 readings, 1 quiz
Video7 videos
2. Portfolio Risk10m
3. The Correlation Coefficient13m
4. The Importance of Correlation3m
5. Diversification and Correlation Part 17m
6. Diversification and Correlation Part 213m
7. Diversification, Correlation and Portfolios8m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 210m
Quiz1 practice exercises
Quiz 216m

4

Section
Clock
2 hours to complete

The CAPM and the Cost of Capital

In this session we will discuss how companies assess their cost of debt, their cost of equity, and ultimately their cost of capital. We will also discuss why this last concept is at the heart of many of the most important corporate decisions....
Reading
7 videos (Total 78 min), 3 readings, 1 quiz
Video7 videos
2. Three ways to think about the cost of capital8m
3. Components and notation7m
4. The debt tax shield7m
5. The cost of debt16m
6. The cost of equity10m
7. The CAPM17m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 310m
Quiz1 practice exercises
Quiz 316m

5

Section
Clock
2 hours to complete

Estimating the Cost of Capital - An Application

In this session we will put to work all the concepts discussed in the previous session by estimating the cost of capital of a company. As usual, when putting theory into practice, a few complications arise and we will discuss how to deal with them....
Reading
3 videos (Total 47 min), 3 readings, 1 quiz
Video3 videos
2. Estimating the cost of capital: Starbucks15m
3. Estimating the cost of capital: Starbucks; A Few Rounding Comments13m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 410m
Quiz1 practice exercises
Quiz 416m

6

Section
Clock
2 hours to complete

Project Evaluation

In this session we will discuss how companies routinely decide whether or not to invest in projects. We will discuss the two tools most widely used for this purpose, NPV and IRR, and apply them to the evaluation of an investment opportunity....
Reading
8 videos (Total 76 min), 3 readings, 1 quiz
Video8 videos
2. Introduction to the Net Present Value (NPV)7m
3. The Net Present Value (NPV)7m
4. The Internal Rate of Return (IRR)15m
5. Shortcomings of the IRR9m
6. Evaluating an investment opportunity9m
7. Discount rates across countries or divisions6m
8. Discount rates over time11m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 510m
Quiz1 practice exercises
Quiz 516m

7

Section
Clock
2 hours to complete

Corporate Value Creation

In this session we will discuss EVA, a tool widely used to assess whether a company is creating or destroying value. We will also put this tool into practice by estimating the EVA of two companies....
Reading
6 videos (Total 67 min), 3 readings, 1 quiz
Video6 videos
2. Growth and return on growth12m
3. Economic value added (EVA)13m
4. EVA: Two examples14m
5. EVA levels versus EVA changes11m
6. Brief wrap up4m
Reading3 readings
About this session10m
Readings10m
Intro to Quiz 610m
Quiz1 practice exercises
Quiz 616m
4.8
Direction Signs

47%

started a new career after completing these courses
Briefcase

83%

got a tangible career benefit from this course
Money

18%

got a pay increase or promotion

Top Reviews

By FSJul 9th 2017

I really appreciate this very useful course. This is an extremely good opportunity to learn and review many concepts. Thank you to the professor Javier Estrada and to the IESE Business School

By JBJul 31st 2017

This course is an effective and quick way to review the essentials on corporate finance and a good starting point for a more indepth study of the material. Well taught with excellent pacing.

Instructor

Avatar

Javier Estrada

Professor of Financial Management

About IESE Business School

For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve....

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