New Corporate Finance MOOC to Start in September

Prof. Estrada will teach the finance essentials in Coursera

22/07/2014 Barcelona

Javier Estrada

Corporate Finance Essentials

For more information about the course: This Coursera Corporate Finance course explores several 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; understand and use the essential financial vocabulary used by companies and finance professionals; assess the required return on a company's debt and equity; estimate a company's cost of capital; evaluate the viability of an investment opportunity; and assess whether a company is creating or destroying value. Ultimately, this course will provide you with essential tools to both understand and make better financial decisions.
Javier Estrada, IESE Professor of Financial Management

IESE is continuing its initiative to capitalize on the benefits of technology in business education by launching another top-level Massive Open Online Course (MOOC). Corporate Finance Essentials is designed for executives worldwide who wish to understand key financial issues related to companies, investors and the interaction between them in the capital markets.

The new program, to be delivered by IESE Prof. Javier Estrada, will develop participants’ financial literacy in order to better understand what is written in the financial press. Consisting of 45 to 60-minute lectures complemented by recommended readings, the six-session program requires no previous knowledge or preparation, and is designed to equip participants with the essential financial vocabulary of companies and finance professionals. As Prof. Estrada says, corporate finance is “the study of what companies do” and the program will provide a “first peek” at understanding what that entails, both on a theoretical and practical level.

Leveraging Prof. Estrada’s extensive research in the areas of portfolio management, investment strategies, and risk, the course will examine the essential concepts of corporate finance. Participants will examine mean returns, volatility, and beta – terms which are widely used in the financial press, and how they relate to assessing risk and return. Correlation and how it relates to diversification will be discussed, as will the reasons why diversification is central to portfolio construction.

Prof. Estrada will reveal how a company estimates the required return on its debt, its equity, and its cost of capital before participants apply these concepts to a specific company in an application. Another session will explore how a company evaluates projects and the tools it uses to make investment decisions. Finally, participants will see how a company assesses its creation (or destruction) of shareholder value and how tools that measure value creation relate to managerial compensation.

Prof. Estrada is the author of Finance in a Nutshell (FT Prentice Hall, 2005), The FT Guide to Understanding Finance (FT Prentice Hall, 2011), and The Essential Financial Toolkit - Everything You Always Wanted To Know About Finance But Were Afraid To Ask (Palgrave Macmillan, 2011).

Enroll in the course