Guest lecture by Andrianov A.Y.: the use of real options for evaluating companies

Aleksander Yuryevich Andrianov, Head of the Master's Program “the Corporate Finance” at the Higher School of Management (HSE), gave a fascinating and practical guest lecture on the use of real options to assess the value of companies. This event has become a real event for Finance masters who want to deepen their knowledge in the field of corporate finance and VBM.

During the lecture, the participants got acquainted with various aspects of using real options as an effective business valuation tool. The key elements were:

• Overview of the basic concepts of real options theory
• Analysis of the key elements of the Black-Scholes model
• Application of sensitivity analysis methods and probability of successful investment decisions

The students took part in a series of practical exercises aimed at mastering techniques for assessing the real value of assets and business projects. They were given unique opportunities to apply their theoretical knowledge directly to solving specific business situations ("cases"), demonstrating their understanding of the process of making effective management decisions.

One of the most interesting parts of the event was real cases from corporate practice, analyzed together with the lecturer. The participants were able to see how theory turns into practice, applying it to various types of enterprises and projects.

Special attention was paid to the issues of modeling future cash flows and taking into account the risks that arise when making strategic decisions.

The event was held in a friendly atmosphere and aroused great interest among the audience. It showed students the importance of exploring innovative approaches to business valuation and promoted the development of critical thinking skills and the ability to analyze market situations.

This lecture was highly appreciated by the participants due to its applied nature and the presence of many illustrative examples. The students noted the high importance of the acquired knowledge for their future professional career.