Оценка стоимости и инвестиционный анализ

Бакалавриат 2021/2022

Статус: Курс по выбору (Экономика)

Направление: 38.03.01. Экономика

Кто читает: Департамент финансов

Где читается: Санкт-Петербургская школа экономики и менеджмента

Когда читается: 4-й курс, 2 модуль

Формат изучения: с онлайн-курсом

Онлайн-часы: 10

Охват аудитории: для всех кампусов НИУ ВШЭ

Преподаватели: Назарова Варвара Вадимовна

Язык: английский

Кредиты: 5

Контактные часы: 42

Full Syllabus Ask Question

Abstract

This course examines contemporary approaches to investment decision-making in conditions of uncertainty and evolving economic environments. The course covers approaches to analysing financial assets, methods for assessing investment attractiveness, principles of investment strategy development, capital allocation frameworks, and tools for evaluating investment performance and risk.

Learning Objectives

To develop a systematic understanding of investment decision-making processes and investment strategy design.
To introduce contemporary approaches to analysing financial assets and assessing their investment attractiveness.
To develop the ability to adapt investment decisions to changing market and institutional environments.
To examine methods of capital allocation and investment risk management.
To strengthen the application of quantitative models and analytical tools in supporting investment decisions.
To develop the ability to evaluate investment performance in the context of external factors and changing market conditions.

Expected Learning Outcomes

Be able to build a model of financial management, based on a system covering all aspects of the activities of a modern company with the release levels and planning horizon (e.g. using KPI)
Gain knowledge and skills in order to make management decisions in this area
Know and be able to use special terminology of financial strategic management
To know the essence of the economic, organizational and social changes that occur in domestic companies with a shift of emphasis from production to marketing principles of planning and management
Be able to build a model of financial management, based on a system covering all aspects of the activities of a modern company with the release levels and planning horizon (e.g. using KPI)
Gain knowledge and skills in order to make management decisions in this area
Explore the possibilities of software for creating and using the valuation;
Know and be able to use special terminology of financial strategic management.
Know the patterns of functioning of a modern economy at the macro and micro levels
To know the essence of the economic, organizational and social changes that occur in domestic companies with a shift of emphasis from production to marketing principles of planning and management

Course Contents

Topic 1. Corporation and the investment process. Corporate investment management system
Topic 2. Designing cash flows of an investment project
Topic 3. Analysis of the effectiveness of capital investments
Topic 4. Investment projects and methods of financing them
Topic 5. Evaluation of projects with unequal deadlines.
Topic 6. The method of real options when evaluating investment projects
Topics 7. Evaluation of the project in conditions of uncertainty and risk
Topic 8. Framework for Corporate Valuation
Topic 9. Value Creation Company
Topic 10. Practice in companies valuation

Assessment Elements

current activities (quiz)
Quiz is carried out at the seminar. The text of the work and the rules for performing the work are sent to the corporate mail of each student. The period for performing the work is determined. The student has the opportunity to complete the test in the sent file or print the document, write the solution and send the scanned work. The time for performing the work is assigned before starting work. Work solutions must be laid out in a special folder created in the LMS, no later than the time suggested at the beginning of the test
class work
homework
the final written examination
Exam is carried out at the seminar. The text of the work and the rules for performing the work are sent to the corporate mail of each student. The period for performing the exam is determined. The student has the opportunity to complete the test in the sent file or print the document, write the solution and send the scanned work. The time for performing the work is assigned before starting work. Work solutions must be laid out in a special folder created in the LMS, no later than the time suggested at the beginning of the test.

Interim Assessment

2021/2022 2nd module
0.2 * homework + 0.1 * class work + 0.2 * current activities (quiz) + 0.5 * the final written examination

Bibliography

Recommended Core Bibliography

Corporate finance: theory and practice, Damodaran, A., 2001
Investment valuation : tools and techniques for determining the value of any asset, Damodaran, A., 2012
Valuation: measuring and managing the value of companies, Copeland, T., 2000
Инвестиционные рычаги максимизации стоимости компании. Практика российских предприятий, Теплова, Т. В., 2007

Recommended Additional Bibliography

Инвестиции : учебник для бакалавров, Теплова Т.В., 2012
Корпоративные финансы: перспективы и реальность. Управление стоимостью компании: Сборник статей, , 2006

Authors

Nazarova Varvara Vadimovna

Course Syllabus