OUR ACADEMIC DEPARTEMENTS |
Lesson details
 | M&A (MERGERS AND ACQUISITIONS) | ||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S1-FIN-MA-EI90UE | FINANCE | |
| Level | Year | Period | Language of instruction |
|---|---|---|---|
| Master | 1 | S1 | EnEnglish |
| Academic responsibility | H.DAHER |
|---|---|
| Lecturer(s) | Hicham DAHER |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
Prerequisites
Finance Theory.
Corporate Finance.
Valuation.
Econometrics.
Learning outcomes
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
Course description
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
Class type
Class structure
| Type of course | Numbers of hours | Comments | |
|---|---|---|---|
| Face to face | |||
| Coaching | 2,00 | ||
| Interactive class | 14,00 | ||
| Independent study | |||
| Estimated personal workload | 10,00 | ||
| Group Project | 10,00 | ||
| Independent work | |||
| Research | 14,00 | ||
| Total student workload | 50,00 | ||
Teaching methods
- Coaching
- Interactive class
- Project work
- Research
Assessment
Presentation
Final Exam
| Type of control | Duration | Number | Percentage break-down |
|---|---|---|---|
| Final Exam | |||
| Written exam | 2,00 | 1 | 50,00 |
| Others | |||
| Individual Project | 10,00 | 1 | 50,00 |
| TOTAL | 100,00 | ||
Recommended reading
- Chapter 15 from the Handbook of Corporate Finance (available on SSRN and on the course website) -
* This information is non-binding and can be subject to change
