Vanwege het Corona virus is het nog onduidelijk hoe het onderwijs precies verzorgd gaat worden. Zie voor de actuele informatie de betreffende vakpagina’s op Blackboard/Brightspace.

Studiegids

nl en

Corporate Finance & Valuation

Vak
2017-2018

Course requirements

Master degree in Law. This course is part of the Advanced Master Law and Finance.

More information: https://www.universiteitleiden.nl/en/education/study-programmes/master/law-and-finance

Course information

This course is dedicated to corporate finance and valuation methodologies. Corporate finance is most commonly used in merger & acquisition processes. Hence, this course will start to explain and provide context of the actors in these processes, their roles/inter-relation to each other and the background for the requirements for valuations. Thereafter the course will provide lawyers with the basic understanding of the theoretical foundations of valuation fundamentals and methodologies, against the backdrop of mergers, take-overs and public to private transactions. In addition, time will be spend on understanding the dynamics of valuations in relation to the role of uncertainty and risk and corporate governance. Apart from the financial aspects, we will also focus on the broad legal context of these processes, with a particular focus on fairness opinions. Concrete cases will be presented throughout the course to learn how to apply this knowledge in practice. Upon completion of the course, students should be able to comprehend the aspects of valuations and will gain an understanding of the context in which valuations are being used.

Course learning objectives

This course aims to offer students a broad introduction to the themes of corporate finance and to increase their understanding of financial markets and valuation methodologies. After completing the course:

  • Students have acquired knowledge and understanding of the main features of corporate finance and financial markets.

  • Students have a basic knowledge and understanding of the valuation fundamentals and methodologies of companies and its assets.

  • Students understand the dynamics and the use of these valuation methodologies in relationship to merger & acquisition processes.

  • Students understand the legal context in which these processes are taking place.

  • Students are able to apply this knowledge to concrete cases.

Mode of instruction

Lectures

  • Number of (2 hour) lectures: 10

  • Names of lecturers: Wouter H.L. Han

  • Required preparation by students: reading of prescribed materials

Examination method

  • Take home exam 100%

Submission of exam answers via Blackboard using safe assignment. Further information will be announced on Blackboard.

Areas to be tested within the exam
The examination syllabus consist of the required reading (literature) for the course, the course information guide and the subjects taught in the lectures and all other instructions wich are part of the course.

The final grade, on the scale from 1(poor) to 10 (excellent), for the course is established by determining the weighted average and rounded to full grades. Grade 6 (5.5 rounded) is a pass.

Blackboard

Course reader and additional literature is distributed through Blackboard.

Course materials

Obligatory course materials:

Literature:
Mergers, Acquisitions, and Other Restructuring Activities
8th Edition
Authors: Donald DePamphilis
Hardcover ISBN: 9780128013908
eBook ISBN: 9780128024539
Imprint: Academic Press
Published Date: 11th September 2015

Contact

Course Coordinator:
Mr. Wouter H.L. Han

Programme Coordinator:
Ms. Orsolya Kalsbeek-Bagdi
Email address: lawandfinance@law.leidenuniv.nl