Corporate Finance Essentials

IESE Business School

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.

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Approx. 13 hours to complete

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

English

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

Compétences que vous acquerrez

Corporate FinanceFinanceValue PropositionCost

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.

Approx. 13 hours to complete

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

English

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

Syllabus - What you will learn from this course

1

Section

10 minutes to complete

Course Overview

Overall Syllabus...

1 reading

1 readings

Syllabus10m

2

Section

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. ...

7 videos (Total 66 min), 3 readings, 1 quiz

7 videos

1. What is this course all about?6m

2. Periodic Returns9m

3. Arithmetic and Geometric Mean Returns10m

4. Evidence9m

5. Volatility11m

6. Beta10m

7. A brief recap8m

3 readings

About this session10m

Readings10m

Intro to Quiz 110m

1 practice exercises

Quiz 116m

3

Section

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....

7 videos (Total 63 min), 3 readings, 1 quiz

7 videos

1. Recap on the Previous Session4m

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

3 readings

About this session10m

Readings10m

Intro to Quiz 210m

1 practice exercises

Quiz 216m

4

Section

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....

7 videos (Total 78 min), 3 readings, 1 quiz

7 videos

1. What is the cost of capital?10m

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

3 readings

About this session10m

Readings10m

Intro to Quiz 310m

1 practice exercises

Quiz 316m

5

Section

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....

3 videos (Total 47 min), 3 readings, 1 quiz

3 videos

1. Recap on the previous session17m

2. Estimating the cost of capital: Starbucks15m

3. Estimating the cost of capital: Starbucks; A Few Rounding Comments13m

3 readings

About this session10m

Readings10m

Intro to Quiz 410m

1 practice exercises

Quiz 416m

6

Section

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....

8 videos (Total 76 min), 3 readings, 1 quiz

8 videos

1. What is this all about?7m

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

3 readings

About this session10m

Readings10m

Intro to Quiz 510m

1 practice exercises

Quiz 516m

7

Section

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....

6 videos (Total 67 min), 3 readings, 1 quiz

6 videos

1. Corporate value creation11m

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

3 readings

About this session10m

Readings10m

Intro to Quiz 610m

1 practice exercises

Quiz 616m

Instructor

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....

Frequently Asked Questions

When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I pay for this course?
If you pay for this course, you will have access to all of the features and content you need to earn a Course Certificate. If you complete the course successfully, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. Note that the Course Certificate does not represent official academic credit from the partner institution offering the course.
What is the refund policy?
Is financial aid available?
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Corporate Finance Essentials