課程資訊
課程名稱
國際購併與合資策略
Intermational M & a and Joint Vaenture Strategy 
開課學期
104-2 
授課對象
管理學院  國際企業學研究所  
授課教師
吳青松 
課號
IB5029 
課程識別碼
724 U1660 
班次
 
學分
全/半年
半年 
必/選修
選修 
上課時間
星期五2,3,4(9:10~12:10) 
上課地點
管一203 
備註
限學士班四年級以上
總人數上限:30人
外系人數限制:10人 
Ceiba 課程網頁
http://ceiba.ntu.edu.tw/1042IB5029_ 
課程簡介影片
 
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課程概述

Mergers and Acquisitions (M&As), Joint ventures (JVs) and strategic alliance activity are running at a feverish pace across national boundaries. As industries continue to consolidate and globalize, mergers and acquisitions, alliance and joint ventures will remain at a high level, if not accelerate. This course combines strategic, financial, and governance perspectives in order to more fully understand the process and objectives of M&AS, JVs, strategic alliances.

Strategy and Finance theory is centrally important to understanding business objectives, tax considerations, securities laws, and governance implications in change of control transactions. A sound understanding of the transactional process in M&A, alliances and joint ventures requires a fundamental ability to apply the concepts of finance and management theory to important topics such as motives, financing, managerial entrenchments and cross-border negotiation issues, and antitrust questions.
 

課程目標
The major goals of the course are:
• to foster strategic thinking and perspective. For most issues there are no right "answers”, only reasoned judgment
• to analyze the human motivations and economic/political forces which cause business cooperation at particular times
 
課程要求
Through a series of discussions and real-life case studies, the managerial, economic, and financial bases for M&As, JVs, and Strategic alliances will be examined in the course. Student will understand the reasons why those deals/strategies succeed and fail. 
預期每週課後學習時數
 
Office Hours
另約時間 
指定閱讀
Besides the textbook chapters being assigned, we will also concentrate on reading handouts and cases distributed. The grade will be strongly influenced by class participation. 
參考書目
1. 企業併購與重組,Weston/Siu/Johnson 原著 (3E, 2001),吳青松譯,雙葉書
廊, 2004出版。
2. J. F. Weston, Juan A. Siu, and Brian Johnson (WSJ), Takeovers,
Restructuring, and Corporate Governance, 4th Edition, Prentice Hall, 2003.
3. Krishna G. Palepu, Paul M. Healy, and Victor L Bernard, Business
Analysis and Valuation: Using Financial Statements, Text and Cases, 5th
edition, South-Western College, 2012
4. 合併與收購,哈佛商業評論,克雷等著,李田樹譯,天下文化,2002.
 
評量方式
(僅供參考)
 
No.
項目
百分比
說明
1. 
Team Project  
40% 
 
2. 
Class Participation 
20% 
 
3. 
Case Discussion 
40% 
 
 
課程進度
週次
日期
單元主題
第1週
2016/02/26  A. Course orientation
B. Theoretical Foundations of Corporate Growth
C. Boundary Spanning through Build, Borrow or Buy
 
第2週
2016/03/04  Foundations of Entry Strategy 
第3週
2016/03/11  Conceptural Frameworks of Entry Strategy 
第4週
2016/03/18  Deal Structures: Forms of Consideration 
第5週
2016/03/25  A. Acquisition Process
B. Characteristics of Successful M&As 
第6週
2016/04/01  Methods of valuation I 
第7週
2016/04/08  Methods of valuation II 
第8週
2016/04/15  Corporate Restructuring 
第9週
2016/04/22  Mid-term Exam(team report exchange ratio)  
第10週
2016/04/29  International M&As (1) 
第11週
2016/05/06  International M&A (II)  
第12週
2016/05/13  Post-merger Integration I 
第13週
2016/05/20  Post-merger Integration I 
第14週
2016/05/27  Joint Ventures 
第15週
2016/06/03  Strategic Alliances 
第16週
2016/06/04  Holiday 
第17週
2016/06/10  Term Project Presentation 
第18週
2016/06/17  Term Project Presentation