Courses

Mergers in Public and Private Sector

General

Course Contents

  1. Definitions and types – M&A distinctions.
  2. Historical investigation of M&A. Legal framework for M&A of companies & organizations in Greece.
  3. Categorization of M&A incentives. Ways to avoid M&A.
  4. M&A assessment methodologies.
  5. Overview of M&A outcome studies.
  6. Financial statements-accounting standardization of private sector M&A implementation.
  7. Public sector M&A issues.
  8. Financial statements-accounting standardization of public sector M&A implementation.
  9. Special topics of M&As: The human factor in M&As.
  10. Special topics of M&As: International M&As.
  11. Special topics of M&As: M&As of banks-financial institutions.
  12. Course outline.

Educational Goals

Mergers and acquisitions are a fundamental element of business world. In times of development, companies use mergers and acquisitions to accelerate their growth (in the same market) or to expand either into new markets or other geographies. In times of recession, mergers and acquisitions may be necessary as business managements are called upon to make important decisions such as whether the company can survive as an independent entity or should be merged. The decisions that must be made must be made  within the options of the existing legislation and require a very good knowledge of it, given that numerous branches of law are involved (corporate, tax, competition, capital market, labor, etc.) the provisions of which will have to be applied thoroughly, so as to choose the most appropriate strategy for the purposes of the business. Therefore, mergers and acquisitions remain at the center of interest for business administrations. In addition, mergers are an element that is implemented in the framework of the New Public Management, used during the last years widely in the public sector worldwide and also in Greece. Therefore, it is an activity with many stakeholders (human resources, shareholders, public, etc.) and application in various industries.

Upon successful completion of the course, the student will be able to:

  • Understand the meaning of the concepts of mergers and acquisitions with their individual distinctions (public and private sector).
  • Understand and evaluate the expediency of such actions and that serve businesses and organizations.
  • Know the existing legal framework for conversions, mergers and acquisitions in Greece.
  • Implement the M&A process step by step and to be able to apply their evaluation methodologies.
  • Apply the accounting standardization in M&A operations (financial statements, etc.).

General Skills

  • Working independently.
  • Decision making.
  • Production of free, creative and inductive thinking.
  • Working in an interdisciplinary environment.

Teaching Methods

  • In the classroom, face to face.

Use of ICT means

  • Basic software (windows, word, power point, the web, etc.).
  • Support of learning process through the electronic platform / e-class.

Teaching Organization

ActivitySemester workload
Lectures26
Practice Works13
Assignement (Essay writing)20
Independent Study91
Total150

Students Evaluation

Written final exams (60%) that may include:

  • Judgemental questions.
  • Short answer questions.
  • Application exercises.
  • Comparative theoratical questions.

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

  1. Συγχωνεύσεις και Εξαγορές, Παζάρσκης Μ., 2018, Εκδόσεις Λογισμός, Θεσσαλονίκη, ISBN: 978-618-83394-8-4.
  2. Συγχωνεύσεις και Εξαγορές, Κυριαζής Δ., 2016, Εκδόσεις Κοντού Αγγ., Αθήνα, ISBN 978-618-5198-09-1.

Related Research Journals

Public Administration: An International Quarterly; American Review of Public Administration; Environment and Planning C: Government and Policy; Governance: An International Journal of Policy, Administration and Institutions; Journal of European Public Policy; Public Management Review; κ.ά.