Actualités et agenda
Nos formations
Établissement
Langue d'enseignement
English
Matières
FINANCE
Responsable(s)
H.DAHER
Intervenant(s)
Hicham DAHER
Présentation
Prérequis
Finance Theory.
Corporate Finance.
Valuation.
Econometrics.
Corporate Finance.
Valuation.
Econometrics.
Objectifs
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
Présentation
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
Organisation
| 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 | ||
Évaluation
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
Bibliographie
Chapter 15 from the Handbook of Corporate Finance (available on SSRN and on the course website) -