Corporate Valuation & Risk Management Project (5 op)

Arviointiasteikko

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Tavoitteet

Project Description
Corporate Valuation & Risk Management Project is run as a joint venture between Jamk University of Applied Sciences, Jyväskylä, Finland (Jamk) and Okanagan College, Canada (OC).
The project aims to inculcate core skills in the field of valuation, fundamental financial analysis, ESG, regulatory ecosystem and corporate governance landscape of companies.
The project is highly suitable for students who are pursuing their bachelor’s degree in business administration and want to make their career in the field of finance. Students gain real-life experience and exposure in the capacity of trainee financial research analyst by applying several valuation techniques, writing professional report, and making presentations.
The students will be placed in teams of 4-6 persons consisting of both OC and Jamk students that will be working together for the duration of the project.
The project will commence mid-October. The deliverables include a written investment report, a financial model in Excel, and a presentation delivered to the Investment Committee. The Investment Committee will be comprised of OC and Jamk faculty, as well as investment industry professionals.


Learning Outcomes
• Applying and comparing various valuation techniques in the context of common stock of the chosen case company(ies).
• Ascertaining over/under-valuation of common stock by comparing the market, and intrinsic value and identifying possible consequences.
• Carrying out competition, business, financial, non-financial, sensitivity, scenario, industry, and sector analysis.
• Identifying investment risk factors as well as quantifying them.
• Analysing ownership structure of the chosen case company(ies).
• Dynamics of Ethics, Sustainability and Governance (ESG) in the field of finance and their association with the valuation of common stock.

Sisältö

Learning Contents
• Valuation techniques (Discounted Cash Flow, Dividend Discount Model, Relative Valuation, Monte Carlo Simulation Model etc.)
• Empirical aspects and theoretical underpinnings including Risk-return dynamics, Modern Portfolio Theory, Capital Asset pricing Model (CAPM), Arbitrage Pricing Theorem (APT) Capital Structure, and Capital Budgeting.
• Theory and techniques of Fundamental Analysis.

Aika ja paikka

October 16 to November 20, 2023
(Weekly work schedule is available in Moodle)

Oppimateriaalit

1. Lecture slides, spreadsheet, lecture videos and other study material (Finance and Corporate Governance Academic Track).
2. Recommended Books:
- Richard A. Brealey, Stewart C. Myers and Franklin Allen, Principles of Corporate Finance, 13th Edition (2019). The McGraw-Hill.
- Stephen Ross and Randolph Westerfield and Jeffrey Jaffe and Bradford Jordan, Corporate Finance, 12th Edition (2018). The McGraw-Hill.
- Jonathan Berk and Peter DeMarzo, Corporate Finance, 5th Edition (2020). Pearson.
- Reilly, Brown, Leeds, Investment Analysis and Portfolio Management, 11th Edition, Nelson Education (2019)
- Koller, Goedhart, Wessels, McKinsey and Company, Valuation, 7th edition, Measuring and Managing the Value of Companies, Wiley.

Opetusmenetelmät

Seminars, presentations, online learning

Tenttien ajankohdat ja uusintamahdollisuudet

Since it is a project between two partner universities who follow a strict schedule, therefore, retake possibility is not the same as in case of other courses.

Kansainvälisyys

The project involves two universities based in Finland and Canada.

Opiskelijan ajankäyttö ja kuormitus

135 hours

Esitietovaatimukset

The project involves tool and techniques of Valuation based on Fundamental Analysis. The students must have the fundamental knowledge of Accounting, Finance and Economics.

Lisätiedot

For Finance and Corporate Governance Track students