• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
Bachelor 2012/2013

Corporate Valuation

Type: Compulsory course
Area of studies: 080100.62 Экономика
Delivered at: Department of Economics and Finances of the Firm, Joint Department with Ernst & Young
When: 4 year, 2 module
Instructors: Elvina Bayburina (author and delivers lectures), Svetlana Grigorieva (author and delivers lectures)
Specialization: Corporate Finance
Language: English
ECTS credits: 3.5

The course will introduce students to the most frequently used quantitative valuation techniques. The main topics covered include (1) discounted cash flow methods (2) relative valuation using multiples (3) asset-based approach. Particular attention is paid to evaluation of individual groups of assets under the net asset value method: financial assets, real estate, tangible real property, intangible assets. The focus of the course is on the evaluation of companies in emerging capital markets. Students will learn how to conduct firm valuation in terms of high levels of macroeconomic uncertainty, illiquid capital markets, and high levels of political risks. Participants are provided with the opportunity to work in small teams and value different groups of assets and firms in emerging capital markets. The course is taught in collaboration with the managers and partners of Ernst & Young Company.