Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
H.DAHER
Stakeholder(s)
Hicham DAHER
Présentation
Prerequisite
Finance Theory.
Corporate Finance.
Valuation.
Econometrics.
Corporate Finance.
Valuation.
Econometrics.
Goal
At the end of the course, the student should be able to :
- Evaluate the market reaction around a M&A operation.
- Understand the determinent of a successful M&A operation
- Evaluate the market reaction around a M&A operation.
- Understand the determinent of a successful M&A operation
Presentation
Overview of the Market of Mergers and Acquisitions
Exogenous factors affecting M&As
The synergy hypothesis
The market for corporate control
Hubris Hypothesis
Managerial Entrenchment
Short Term Event Studies
Testing the Efficiency Hypothesis
Market Reaction around M&As announcement
M&As from a bargaining model perspective
Exogenous factors affecting M&As
The synergy hypothesis
The market for corporate control
Hubris Hypothesis
Managerial Entrenchment
Short Term Event Studies
Testing the Efficiency Hypothesis
Market Reaction around M&As announcement
M&As from a bargaining model perspective
Modalités
Organization
Type | Amount of time | Comment | |
---|---|---|---|
Présentiel | |||
Cours interactif | 14,00 | ||
Coaching | 2,00 | ||
Autoformation | |||
Recherche | 14,00 | ||
Travail personnel | |||
Group Project | 10,00 | ||
Charge de travail personnel indicative | 10,00 | ||
Overall student workload | 50,00 |
Evaluation
Presentation
Final Exam
Final Exam
Control type | Duration | Amount | Weighting |
---|---|---|---|
Examen (final) | |||
Examen écrit | 2,00 | 1 | 50,00 |
Autres | |||
Projet Individuel | 10,00 | 1 | 50,00 |
TOTAL | 100,00 |
Ressources
Bibliography
Chapter 15 from the Handbook of Corporate Finance (available on SSRN and on the course website) -