Investment Banking
Fall 2005

Wed. 2:20 -5:20 p.m. Room 103, B1, COM
Dr. Yong-chern Su Room 1004, B2, COM
2363-0231 ext.2992

Course Objectives
1. To introduce the fundamental concepts and the systems of investment banking in the U.S., the U.K., and the Japan.
2. To discuss the essentials of investment banking, which include investment banking activities, equity and debt underwriting, secondary market making, market making by financial engineering, corporate restructuring, etc.,.

Class Structure
The class notes and the reference books are the foundation of this course.

Exams
Each of the midterm and the final examination counts for 50% of your overall grade of this course.

Reference books
1. Venture Capital and Private Equity, by Josh Lerner, 2000, John Wiley & Sons, Inc.
2. The Business of Investment Banking, by K. Thomas Liaw, 1999, John Wiley & Sons, Inc.
3. The Venture Capital Cycle, by Paul A. Gompers and Josh Lerner, 1999, MIT Press.
4. Investment Banking and Brokerage, by John F. Marshall and M.E. Ellis, the second edition, 1996, McGraw-Hill, Inc.
5. Finding Your Wings --- how to locate private investors to fund your venture, by Gerald A. Benjamin and Joel Margulis, 1996, John Wiley & Sons, Inc.
6. Investment Banking in the Financial System, by Charles R. Geisst, 1995, Prentice Hall, Inc.
7. Investment Banking --- A Tale of Three Cities, by Samuel L. Hayes III and Philip M. Hubbard, 1990, Harvard Business School Press.
8. Inside Investment Banking, by Ernest Bloch, 1989, Dow Jones-Irwin.
9. Leveraged Buyouts, by Stephen C. Diamond, 1985, Dow Jones-Irwin.
10. Tender Offer, the sneak attack in corporate takeovers, by Dorman L. Commons, 1985, University of California Press, Ltd.

Office Hours
Scheduled office hours are:
Friday: 14:00~15:00
or by appointment.

Topic and References
Introduction
Investment Banking Activities
Investment Banking Activities
Investment Banking Activities
Investment Banking Industry
Investment Banking Industry
Primary Market Making --- equity underwriting
Primary Market Making --- equity underwriting
Midterm Exam
Primary Market Making --- debt underwriting
Primary Market Making --- debt underwriting
Secondary Market Making
Market Making by Financial Engineering
Market Making by Financial Engineering
Corporate Restructuring
Corporate Restructuring
Corporate Restructuring
Final Exam.