Area: | School of Economics and Finance |
Credits: | 25.0 |
Contact Hours: | 3.0 |
Seminar: | 1 x 3 Hours Weekly |
Prerequisite(s): | 11948 (v.2) Finance (Managerial) 512 or any previous version
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Syllabus: | Examination of the motives and incentives for mergers, acquisitions and takeovers. Measuring security price performance. The causes and consequences of takeovers. Corporate raiders. Corporate governance through proxy contests. The effects of share marketrepurchases versus cash dividends as forms of corporate payouts. Anti-takeover defence mechanisms. Executive compensations structures, ownership and firm performance. |
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Unit Outcomes: | On successful completion of this unit students will have knowledge of what drives the market for corporate control. This market action includes takeovers, mergers, spin-offs, reorganisations, proxy fights and other corporate manoeuvres. Understanding of the motivation, rational, reasons and other issues that drive the players in the market to undertake mergers and takeovers of the topical events that were studied. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | No prescribed references. |
Unit Texts: | Weston, J.F., Siu, J.A. and Johnson, B.A. Takeovers, Restructuring and Corporate Governance. 3rd ed. |
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Unit Assessment Breakdown: | Class Participation 10%, Presentation 30%, Final Examination 60%. This is by grade/mark assessment. |
Field of Education: | 81101 Banking and Finance | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Informational | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 1 | Y | | Y |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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