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| Semester | fall semester 2023 |
| Course frequency | Every fall sem. |
| Lecturers | Yakov Amihud (yakov.amihud@unibas.ch) |
| 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 | Class notes will be provided in class and posted on the course’s web site (ADAM) after the class. |
| Weblink | Weblink |
| Admission requirements | Recommended Prerequisites: Solid understanding of business and economics on the BA level which includes Corporate Finance (10138). In addition, we recommend “Asset Pricing I: Standard Models (10600). |
| Course application | Please register by sending an email to summerschool-wwz@unibas.ch no later than by June 30, 2023. All further information can be found on the website of the Summer School. The enrollment for the course is at the same time the final registration for the exam!. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| Block | See individual dates | ||
| Date | Time | Room |
|---|---|---|
| Monday 07.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Tuesday 08.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Wednesday 09.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Thursday 10.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 14.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Tuesday 15.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Wednesday 16.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Thursday 17.08.2023 | 09.45-12.15 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Tuesday 22.08.2023 | 10.15-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S13 HG.35 |
| 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 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 | record of achievement |
| Assessment details | Final grades will be determined by homework and a final exam. You are expected to attend every class. Date of final exam: 22 August 2023 |
| 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 |