Oxford Chicago Valuation Program

Saïd Business School and Chicago Booth have joined forces to offer a unique advanced program on valuation for strategic corporate and investment decisions—the first of its kind in the world.

Learn more and apply to the program.

Developed to give a wide range of professionals a deeper understanding of the thinking, methodology, and techniques behind financing and valuations, this is a one week program which will allow participants to understand how to apply valuation to make better strategic decisions, acquire financial and valuation modelling techniques to apply immediately at work, and discuss real transactions with leading executives and interact with the global leaders in finance.

By attending this program, you will:                   

  • Understand how to apply valuation to make better strategic decisions.
  • Acquire financial and valuation modeling techniques to apply immediately at work.
  • Discuss real transactions with leading executives and interact with the global leaders in finance.
  • Acquire valuable practical Excel valuation templates that can be adapted for solid models.

Location

Saïd Business School, Oxford UK

  • CFOs and heads of strategy for a company making decisions about raising capital, acquisitions, disposals, or restructuring.
  • Those who run a family business and would like to negotiate valuation with an investor or a bank.
  • Executives who represent a company raising capital from an investor or the capital markets.
  • Bankers negotiating with a fund manager for the company value and sale.
  • Consultants advising company CEOs on the sale of all or part of a company.
  • Those working for an authority disposing of assets that need to be valued.
  • Executives working for a pension fund investing directly in companies or assets.
  • Lawyers or accountants who would like to have a deeper understanding of critical valuation issues.

Douglas J. Skinner

Deputy Dean for Faculty and Eric J. Gleacher Distinguished Service Professor of Accounting
Douglas Skinner is a leading expert in corporate disclosure practices, corporate financial reporting, and corporate finance, with a focus on payout policy. His research addresses (1) the causes and capital market effects of managers' corporate disclosure choices (especially forward-looking information, including earnings forecasts, earnings pre-announcements, and guidance, corporate conference calls, etc.); (2) how the legal and regulatory environment affects managers’ corporate disclosures; (3) managers' incentives to use their discretion in the financial reporting process to manage reported accounting earnings ("earnings management"); (4) how stock prices respond to earning releases, especially for high growth companies ("earnings torpedoes"); and (5) the determinants of firms' payout policies, including whether and how much firms should pay out, the form of payout (dividends versus stock repurchases), etc. Professor Skinner also has research interests in Japanese accounting, auditing, and corporate governance practices.

Professor Skinner’s research is published in prominent accounting and finance journals, including The Accounting Review, the Journal of Accounting and Economics, the Journal of Accounting Research, the Journal of Finance, and the Journal of Financial Economics. He is co-editor of the Journal of Accounting Research, and was previously co-editor of the Journal of Accounting and Economics.

Professor Skinner’s research has been prominently featured in the Wall Street Journal, the Financial Times, The Economist, The New York Times, and BusinessWeek.

In 2010, Professor Skinner was named one of the top business school professors in the world in the Financial Times Global MBA Rankings. His teaching has included courses taught to undergraduate upper-classmen, full-time and part-time MBA students, executive MBA students, executives, consultants, and Ph.D. students. His teaching covers topics that include introductory financial accounting, intermediate financial accounting, corporate financial reporting and analysis, financial statement analysis, managerial accounting, corporate finance, and empirical methods in accounting research.

Prior to his appointment at Chicago in 2005, he was KPMG Professor of Accounting at the Ross School of Business, University of Michigan, where he had been on the faculty since 1989.

He holds a bachelor's degree in Economics with first class honors in Accounting and Finance from Macquarie University in Sydney and a master's degree and PhD in Applied Economics: Accounting and Finance from the University of Rochester. He has been a tenured full professor at Chicago Booth.

Andreas Angelopoulos

Associate Fellow, Saïd Business School, University of Oxford
Andreas has more than 25 years’ professional and academic experience in the finance sector.

He has worked in private equity (fund of funds and equity and debt co-investment), venture capital (growth equity), private equity (leveraged buyouts and growth capital), investment banking (leverage and principal finance) with Gestron Asset Management, Dresdner Kleinwort Benson, Englefield Capital (Bregal), and Commercial Capital. He has also worked in engineering (real estate and infrastructure) with Bechtel, Dames & Moore and Hochtief Group's companies in the USA and Europe.

In academia, Andreas served as an Executive Director of the Oxford Private Equity Institute and Programme Director of the Oxford Chicago Valuation Programme, Oxford Chicago Discussions and the Oxford Chicago Global Private Equity Challenge. He also founded the Oxford Saïd Finance Lab.

Andreas lectures at Saïd Business School and he taught as an Adjunct Professor in the University of Chicago's Booth School of Business and at Imperial College's Business School. Andreas has been a visiting lecturer at the University of Cambridge's Judge Business School and London School of Economics.

Andreas holds an MBA from The University of Chicago, an MSc in Engineering from Columbia University and a Diploma in Civil Engineering, from the University of Patras, Greece.

Tim Jenkinson

Professor of Finance and Head of the Finance Faculty, Saïd Business School

Tim Jenkinson is Professor of Finance at the Said Business School. One of the leading authorities on private equity, IPOs, and institutional asset management, Jenkinson is renowned for his ability to collect critical, previously inaccessible data by building strong links with institutional investors, banks, and other players in the financial industry. His research is widely quoted and has been published in the top academic journals.

He is head of the finance group at Saïd Business School, director of the Oxford Private Equity Institute, and is one of the founders of the Private Equity Research Consortium. Jenkinson is a renowned teacher and presenter and teaches executive courses on private equity, entrepreneurial finance, and valuation.

He is a frequent keynote speaker at practitioner conferences and his research has recently been awarded the 2015 Commonfund Prize (for the paper with the most relevance to institutional investors) and a 2014 Brattle Group Prize (awarded by the American Finance Association for the best research on corporate finance). He is also a professorial fellow at Keble College, University of Oxford, a research fellow of the Centre for Economic Policy Research, and a research associate of the European Corporate Governance Institute.

Jenkinson’s published papers and current working papers are available at SSRN.

Outside of academe he is a partner at the leading economics consultancy Oxera, where he chairs the remuneration committee and Oxera Holdings Ltd. He specializes on financial regulation, asset management, and the cost of capital, and he has been an expert witness in several high-profile cases. Jenkinson is also on the board of DFC Global Corporation.

Jenkinson joined Saïd Business School in 2000. He previously worked in the economics department at the University of Oxford, which he joined in 1987. He studied economics as an undergraduate at Cambridge University, before going as a Thouron Fellow to the University of Pennsylvania, where he obtained a master’s in economics. He then returned to the UK and obtained a DPhil in economics from Oxford.

Theory by Faculty

  • Introduction to corporate & investment valuation
  • Main valuation methods
  • Debt and equity finance structures affecting valuation
  • Investment valuations: LBO, growth capital, distress investment and infrastructure
  • Advanced investment valuation

Cases by Executives

  • Corporate valuation
  • PE (LBO) investment valuation
  • Corporate investment valuation
  • Distress investment valuation
  • Infrastructure investment valuation

Discussions by Alumni

  • Two Advanced Valuation panel discussions and dinners with special guests

This interaction between real cases, real life and this strong academic support which comes from the Oxford and Chicago approach…this is why I would suggest professionals, managers to take this course. At the end you had a lot of experience that you can bring to your day-by-day life.

- Raffaello Rossi, Corporate CFO, Finamo Spa


Please check back for upcoming dates.

Learn more about the OCV program