博雅計劃—博雅計劃：金融與投資銀行專題：解析投行金融估值、杠桿收購和IPO策略---以奔馳-克萊斯勒和迪士尼-皮克斯并購為例的投行金融研究

開始日期：

2023年8月19日

專業(yè)方向：

金融商科

導(dǎo)師：

Leila（倫敦大學(xué)學(xué)院 University College London (UCL) 終身教授&項目主任）

課程周期：

7周在線小組科研學(xué)習(xí)+5周不限時論文指導(dǎo)學(xué)習(xí)

語言：

英文

建議學(xué)生年級：

大學(xué)生

項目產(chǎn)出：

7周在線小組科研學(xué)習(xí)+5周不限時論文指導(dǎo)學(xué)習(xí) 項目報告 EI/CPCI/Scopus/ProQuest/Crossref/EBSCO或同等級別索引國際會議全文投遞與發(fā)表指導(dǎo)（共同一作） 結(jié)業(yè)證書 成績單

項目介紹：

在這個項目中，導(dǎo)師將重點介紹大型投資銀行的定義和主要活動。大型投資銀行是提供廣泛金融服務(wù)的大型機(jī)構(gòu)，包括但不限于咨詢、做市、銷售和研究。本項目包括投資銀行的理論基礎(chǔ)，并概述這些銀行的三大主要活動:首次公開發(fā)行(ipo)、并購(m&a)和杠桿收購(LBOs)。如果時間允許，本項目可能還會簡要介紹估值，以了解投資銀行在進(jìn)行IPO或收購之前是如何對公司進(jìn)行估值的。通過本項目的學(xué)習(xí)，學(xué)生可以了解投資銀行的業(yè)務(wù)性質(zhì)、優(yōu)勢和挑戰(zhàn)，以及并購背后的過程。此外，學(xué)生將熟悉首次公開發(fā)行(IPO)過程，獲得杠桿收購工作的基礎(chǔ)知識，并理解投資銀行用來評估公司的公司價值驅(qū)動因素。在項目的最后，學(xué)生將選擇一家經(jīng)歷過IPO、合并、收購或杠桿收購的上市公司，并說明選擇這家公司的原因，以及將要解釋的事件類型(IPO、并購、杠桿收購)。之后解釋公司的主要業(yè)務(wù)是什么，以及它是如何產(chǎn)生收入的;這家公司面臨的主要挑戰(zhàn)是什么?在過去的一年中，公司想通過公司財務(wù)活動實現(xiàn)什么目標(biāo);列舉并解釋該交易的優(yōu)點和缺點，以及小組內(nèi)對該交易的看法。 個性化課題參考： 投資銀行 資本市場 金融市場 分紅政策 公司估值 貼現(xiàn)現(xiàn)金流和倍數(shù)估值 銀行監(jiān)管資本和其他監(jiān)管條例 并購、反向并購 特定目標(biāo) 首次公開發(fā)行和私有化 杠桿收購和管理層買入 This is a seven-week program focusing on the definition and main activities of bulge bracket investment banks. Bulge bracket investment banks are large institutions that offer a wide array of financial services including but not limited to advisory, market making, sales and research. The program includes the theoretical underpinning of investment banking and an overview of the three main activities these banks perform: initial public offerings (IPOs), mergers and acquisitions (M&As), and levered buy outs (LBOs). Time permitting, the program may briefly touch upon valuation to understand how investment banks value companies before embarking in an IPO or an acquisition process. By taking this program, students would be able to comprehend the business nature, advantages and challenges of investment banks as well as understand the process behind mergers and acquisitions. In addition, students would become familiar with the initial public offering process (IPO), acquire general knowledge on how levered buy outs work and understand the value drivers of companies that investment banks use to value firms. For the final project, students would choose one listed company that has gone through an IPO, a merge, acquisition or leveraged buyout and indicate the reasons that led him/her to choose that company and what type of event he/she is going to explain (IPO, M&A, LBO). In addition, students are required to explain what the company’s main business is and how does it generate revenue; what are the main challenges this company faces; what did the company want to accomplish by going through one of the corporate finance events in the past year; enumerate and explain the advantages and disadvantages of the deal and what is his/her team view on the deal. Suggested Research Topics Investment banks Capital markets Financial markets Dividend policy Company valuation Discounted cash flow and multiples valuation Banking regulatory capital and other regulation (Basel) Mergers, reverse mergers and acquisitions Spacs Initial public offerings and privatizations Levered buy outs and management buy ins