無論實業(yè)投資還是金融資產(chǎn)投資，尋求公司的持續(xù)發(fā)展，準(zhǔn)確地評價目標(biāo)公司的股權(quán)價值、企業(yè)價值，都是至關(guān)重要的。 本課程屬于綜合運用型課程，運用已經(jīng)學(xué)過的投資學(xué)、公司財務(wù)、會計、項目投資、戰(zhàn)略管理等方面的知識，通過對公司價值評估方法體系中，最為基礎(chǔ)的現(xiàn)金流貼現(xiàn)法、相對價值評估方法、實物期權(quán)方法的詳盡分析和闡釋。 實踐過程中，通過同學(xué)直接親身參與，以具體上市公司為案例，了解影響公司不同所有者投資價值公司的驅(qū)動因素，以及評估不同所有者的真實投資價值評估的基本思路和具體方法，和特別應(yīng)該注意的問題，根據(jù)實際財務(wù)數(shù)據(jù)和其他背景信息，正確評估目標(biāo)公司的真實價值。同時，找到提升和創(chuàng)造公司價值的有效途徑，為公司投資決策與管理提供依據(jù)和支持。
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（課程簡介英文版） The course focuses on understanding valuation in finance. It answers the question: given a set of characteristics, how should an asset be priced? We will discuss the advantages and disadvantages of several valuation approaches, including the WACC approach, the APV approach, multiples and real option valuation. We also discuss the role capital structure plays in valuation. We will build on the knowledge you already have about some of these topics, but deal with the issues in much greater depth and detail. Moreover, we will focus a substantial part of the course on detailed discussions of case studies. Both lectures and case discussions are vital parts of the course. The objective of this course is to learn how to apply some of the most important concepts of corporate finance to many practical situations – and, in particular, how to perform various kinds of valuations. Learning by doing will be important. At the end of the course, you should be able to do all types of valuations you are likely to encounter in practice. The course also aims to deepen your knowledge and understanding of other important areas of corporate finance, including capital structure, real options, and financial distress. The course will equip you with the skills and knowledge that everybody practicing corporate finance should have. |
