MERGERS AND ACQUISITIONS
Année du cours : 1 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S1
Finance Theory.
Corporate Finance.
Valuation.
Econometrics.
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
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
