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12754-01 - Vorlesung: Corporate Mergers and Acquisitions (3 KP)
| Semester | Herbstsemester 2016 |
| Angebotsmuster | unregelmässig |
| Dozierende | Yakov Amihud (yakov.amihud@unibas.ch, BeurteilerIn) |
| Inhalt | This course will present the theories and empirical evidence on corporate control transactions, the process of evaluating acquisition targets and its application in practice. Findings on the reaction of stock prices to information on control transactions will be used to analyze the effects of various policy options in such transactions. Strategies of acquisition will be studied as well as defensive measures against them, their purpose and their consequences. The class will combine lecture material, quantitative and qualitative analyses and discussions of relevant news. There will be an emphasis on fundamental concepts of valuation and other areas of corporate finance related to M&As. Note: This is a demanding course in terms of rigor, homework and readings (it is partly quantitative). You need to have knowledge in finance, especially corporate finance. Students are encouraged to bring up issues and events associated with material covered in class. Please coordinate with me in advance. |
| Literatur | Reading material: Class notes – will be distributed in class. Textbook: Mergers, Acquisitions and Corporate Restructurings by Patrick Gaughan, John Wiley (2011, 5th edition). {…} provides page numbers from the 2007 (4th) edition. Chapter numbers in [.] = skim, “esp.” = this is especially important. The book has a new edition, but you can buy this edition more cheaply on the Internet. If you get the new edition, pls see me about the relevant readings. Case study: Cooper Industries (due on 13.8.2014), available from the Zaeslin program. |
| Bemerkungen | Time Schedule: Monday, August 15, 2016 / 09.45-12.15h Tuesday, August 16, 2016 / 09.45-12.15h Wednesday, August 17, 2016 / 09.45-12.15h Thursday, August 18, 2016 / 09.45-12.15h Monday, August 22, 2016 / 09.45-12.15h Tuesday, August 23, 2016 / 09.45-12.15h Wednesday, August 24, 2016 / 09.45-12.15h Thursday, August 25, 2016 / 09.45-12.15h |
| Weblink | Weblink |
| Teilnahmevoraussetzungen | Recommended Prerequisites: This is a Master course. Therefore, a solid understanding of Business and Economics on the BA level is required (at least a course in Corporate Finance (Corporate Finance, 10138) is necessary). In addition, the following courses on the Master level are recommended: Advanced Macroeconomics and Finance, 40105 Advanced Empirical Finance, 41626 Advanced Asset Pricing, 10600 |
| Anmeldung zur Lehrveranstaltung | Application: February 25 - May 27, 2016 Confirmation: First week of June 2016 All applications have to be submitted via the link on the homepage: https://wwz.unibas.ch/summerschool/application-enrollment/ Please send additionally your up-to-date transcript of records to summerschool-wwz-at-unibas.ch You do not have to register by means of the web application MONA; this will be done for you by the Studiensekretariat. Please note that for the registration it is absolutely necessary that you confirm for the fall semester and pay the ordinary tuition fee by July 31, 2016. |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Modul Internationales Zusatzwissen (Master European Studies (Studienbeginn vor 01.02.2015)) Vertiefungsmodul Global Europe: Handel und Unternehmen in der Globalisierung (Master European Global Studies) Vertiefungsmodul Labour Economics, Human Resources and Organization (Master Wirtschaftswissenschaften) |
| Prüfung | Semesterendprüfung |
| Hinweise zur Prüfung | Grading: Homework - 35%, final exam - 65%. Class participation may help in marginal cases. Assignments: Two short written homework assignments + Copper case. Homework assignments are done in groups of three. They should be e-mailed to yamihud@gmail.com before the class. The file name should be: “HW1 (or 2, 3), Paul, John, Mary” (last names of the three group members. For example: “Homework 1, Smith, John, White.” The first line on the HW should include the full names of the group members. Exam: August 29, 2016, 14.00h in the Auditorium, Economics Department |
| An-/Abmeldung zur Prüfung | An- und Abmelden: Fakultät |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät |