Магистратура
2025/2026
Стратегическое управление стоимостью компании
Статус:
Курс по выбору (Стратегическое управление финансами фирмы)
Кто читает:
Школа финансов
Когда читается:
2-й курс, 1 модуль
Онлайн-часы:
20
Охват аудитории:
для всех кампусов НИУ ВШЭ
Язык:
английский
Контактные часы:
28
Course Syllabus
Abstract
The course develops new conceptual frameworks for stakeholder value creation and its application to corporate resilience analysis. We introduce practical instruments to identify corporate classes by value creation criteria, the drivers behind different patterns of value creation and analytical tools to address corporate growth strategies and their value impact in real-life situations: the firm-level versus industry contribution to value creation, corporate horizon and its role value creation. We’ll look at the quality of corporate growth, why and how different types of corporate strategies impose the patterns of value creation versus destruction. We discuss stakeholder value -based analysis and how analytics for operating performance and budgeting should be adjusted inside the firms to introduce value planning.
The course assignments are multi -stage project based on the data of preselected samples of the companies in BRICS. These assignments should be made in small teams to be presented at the seminars. Instead of formal exam the students are expected to submit and defend final team-based project “Strategies for Corporate Value Management and Resilience” The best team project will be further developed into cases to be accumulated in Digital Case Collection of the School of Finance focused on Greater BRICS
Learning Objectives
- The aim of the course is to provide students with modern applied framework for corporate value creation analysis.
- To discuss applied concepts of value based approach to operating performance that exist in practice, their advantages and drawbacks.
- To analyze corporate classes by value creation criteria and the role of corporate horizons in value strategies.
- To develop analytical skills for value planning and the interaction of types of corporate strategies and value creation.
Expected Learning Outcomes
- The patterns of economic profit creation
- The types of growth. How to measure sustainable value creating strategies.
- Economic profit and the types of corporate strategies.
- Relationship between motivation structure and KPI
- The drivers of fade
- The role of modified economic profit in financial control
- Be capable to identify corporate classes by value creation criteria for preselected sample and industries in BRICS.
- Analyze and compare the drivers behind different patterns of value creation in similar industries in BRICS.
- Develop metrics of value creation for stakeholders adjusted to critical key resources and business models of preselected companies in BRICS.
- Apply value creation metrics for stakeholders adjusted to critical key resources to the companies with similar business models and provide conclusions and recommendations.
- Explain the drives and methods to adjust financial design of a company to introduce value creation metrics and planning for value for different types of internal divisions.
- Compare and contrast the applications to the remuneration policies based on economic profit.
- Explain the relationship between value creation, value capture and corporate resilience on the preselected sample of companies from BRICS.
Course Contents
- Topic 1. Corporate Classes and Corporate Resilience
- Topic 2. Planning for Value Creation: Growth Analysis. (video)
- Topic 3. Planning for value creation: Strategic choices (video)
- Topics 4. Planning for Value Creation. How to set up renumeration policies. (video)
- Topic 5. Value based analysis of operating performance. Part 1.(Video)
- Topic 6. Value based analysis of operating performance. Part 2. .(Video)
Bibliography
Recommended Core Bibliography
- Aswath Damodaran. (2016). Damodaran on Valuation : Security Analysis for Investment and Corporate Finance. Wiley.
- Hitchner, J. R. (2017). Financial Valuation : Applications and Models (Vol. Fourth edition with website). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1506670
- Valuation. Measuring and managing the value of companies, Koller T., Goedhart M., 2010
Recommended Additional Bibliography
- Моделирование стоимости компании : стратег. ответственность советов директоров, Ивашковская, И. В., 2011