Companies thrive when they generate value for their shareholders and stakeholders. They achieve this through investments whose returns exceed their cost of capital. This lecture explains the underlying principles, describes how companies can increase their value by applying these principles, and outlines ways to put these principles into practice. 

• are able to evaluate corporate investment projects from a financial perspective,
• can value companies,
• are able to assess the financial implications of corporate acquisitions, and
• are able to value managerial flexibility.

Language

Titman/Martin (2013): Valuation - The Art and Science of Corporate Investment Decisions, 2nd. ed. Pearson International.