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22642-01 - Lecture: Restructuring Firms and Industries (3 CP)
| Semester | spring semester 2025 |
| Course frequency | Irregular |
| Lecturers | David Yermack (david.yermack@unibas.ch) |
| Content | Issues in corporate finance and corporate governance. Topics include choices of organizational form, mergers and acquisitions, spinoffs, capital structure changes, private equity transactions, and takeover defenses. Topic will be analyzed within an agency cost framework, focusing upon conflicts between stockholders, managers, the government, and other constituencies. Many classes will involve case studies of prominent companies, including episodes related to the worldwide financial crisis that began in 2008. |
| Bibliography | The most important readings for the course will be a collection of academic articles supplemented by pieces from newspapers, magazines, and other areas of the news media. These will be distributed together in a photocopied reading packet. I believe the readings are most helpful if done in advance of class. The textbooks for the course can be considered optional reading. The Gaughan book is a valuable reference, and Malkiel's book on investing and the stock market is a classic that every business student should read at some point. P. Gaughan, Mergers, Acquisitions and Corporate Restructurings (4th ed., 2007) B. Malkiel, A Random Walk Down Wall Street (8th ed., 2003) (recommended). |
| Weblink | Weblink |
| Admission requirements | Recommended Prerequisites: • Solid understanding of business and economics on the BA level • Completion of an introductory course in law (BA) would be helpful • Corporate Finance (10138) |
| Course application | All applications have to be processed through the Summer School office. The enrollment for the course is at the same time the final registration for the exam! The online application is open from 20 February - 17 March 2025. Applications that are submitted by 3 March (23:55) will be handled on a priority basis. Please fill in the application form, which can be found on the weblink: https://wwz.unibas.ch/de/studium/summer-school/ If there are still vacancies, we will accept late applications until 31 May 2025 |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| täglich | See individual dates | ||
Dates
| Date | Time | Room |
|---|---|---|
| Monday 14.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Tuesday 15.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Wednesday 16.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Thursday 17.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Monday 21.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Tuesday 22.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Wednesday 23.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Thursday 24.07.2025 | 09.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Modules |
Module: Business Field: Strategy and Organization (Master's Studies: Business and Technology) Module: Specific Electives in Business and Economics (Master's Studies: Business and Economics) Module: Specific Electives in Finance, Controlling, Banking (Master's Studies: Business and Economics) Module: Specific Electives in International Business, Trade and the Environment (Master's Studies: Business and Economics) Module: Specific Electives in Labor Economics, Human Resources and Organization (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | To be announced. |
| Assessment registration/deregistration | Registration/deregistration: faculty |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |