Study programme 2021-2022Français
Corporate Finance - AAEHP
Learning Activity
CodeLecturer(s)Associate Lecturer(s)Subsitute Lecturer(s) et other(s)Establishment
      • UMONS
      of instruction
      of assessment
      HT(*) HTPE(*) HTPS(*) HR(*) HD(*) Term

      Content of Learning Activity

      The course focuses on the problem of mergers & acquisitions and of the firm's valuation. This valuation can be driven in various contexts : acquisition, merger, transmission, initial public offering, ... The different techniques of valuation are investigated in the light of these diverse situations. The critical analysis of valuation methods makes the object of a particular care and constitutes the opportunity to revise the various theories of the corporate finance.

      Required Learning Resources/Tools

      Not applicable

      Recommended Learning Resources/Tools

      Not applicable

      Other Recommended Reading

      R.A. BREALEY, S.C. MYERS, F. ALLEN, Principles of corporate finance, McGraw Hill, 2008.
      J. BERK & P. DEMARZO, Finance d'entreprise, Pearson, 4e édition, 2018.
      P. DELLA FAILLE, Fusions, acquitions et évaluations d'entreprises, De Boeck et Larcier, 2001.
      J.F. WESTON, J.A. SIU, B.A. JOHNSON, Takeovers, restructuring & corporate governance, Prentice Hall, 2001.
      J.M. STERN, D.H. CHEW, The revolution in corporate finance, Blackwell publishing, 2003.
      P. GIRAUDON, V. JUQUET, S. ONNEE, Evaluation d'entreprises, Pearson, 2009.
      S. PARIENTE, Analyse financière et évaluation d'entreprise, Pearson, collection Synthex, 2009.

      Mode of delivery

      • Mixed

      Type of Teaching Activity/Activities

      • Cours magistraux
      • Conférences
      • Travaux pratiques
      • Etudes de cas


      The assessment methods of the Learning Activity (AA) are specified in the course description of the corresponding Educational Component (UE)

      (*) HT : Hours of theory - HTPE : Hours of in-class exercices - HTPS : hours of practical work - HD : HMiscellaneous time - HR : Hours of remedial classes. - Per. (Period), Y=Year, Q1=1st term et Q2=2nd term
      Date de dernière mise à jour de la fiche ECTS par l'enseignant : 15/05/2021
      Date de dernière génération automatique de la page : 03/12/2021
      20, place du Parc, B7000 Mons - Belgique
      Tél: +32 (0)65 373111