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| Semester | fall semester 2018 |
| Course frequency | Every fall sem. |
| Lecturers | Yakov Amihud (yakov.amihud@unibas.ch, Assessor) |
| Content | 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. |
| Bibliography | 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 Summerschool Office |
| Comments | Time Schedule: Mon, 20 August 18, 09:45 - 12:15 h Tue, 21 August 18, 09:45 - 12:15 h Wed, 22 August 18, 09:45 - 12:15 h Thu, 23 August 18, 09:45 - 12:15 h Mon, 27 August 18, 09:45 - 12:15 h Tue, 28 August 18, 09:45 - 12:15 h Wed, 29 August 18, 09:45 - 12:15 h Thu, 30 August 18, 09:45 - 12:15 h |
| Weblink | Weblink |
| Admission requirements | Solid understanding of business and economics on the BA level Corporate Finance (10138) Intermediate Finance (42778) Macroeconomics and Finance (40105) |
| Course application | Update: The registration period has been extended to 20 July 2018. Please apply by sending an e-mail with your matriculation number and transcript of records to summerschool-wwz@unibas.ch |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
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No dates available. Please contact the lecturer.
| Modules |
Specialization Module: Labor Economics, Human Resources and Organization (Master's Studies: Business and Economics) Vertiefungsmodul Global Europe: Handel und Unternehmen in der Globalisierung (Master's Studies: European Global Studies) |
| Assessment format | end-of-semester examination |
| Assessment details | 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: 31 August 2018, 12:30-13:30; WWZ S15: A-Z. |
| 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 |