Optimal and strategic timing of mergers and acquisitions motivated by synergies and risk diversification

DOI10.1016/J.JEDC.2007.06.016zbMATH Open1181.91334OpenAlexW3121539871MaRDI QIDQ844673FDOQ844673

Jacco J. J. Thijssen

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.06.016

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zbMATH Keywords

optimal stoppingreal optionsmergers

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• Title not available (Why is that?)
• The Bargaining Problem
• Preemption and Rent Equalization in the Adoption of New Technology
• Title not available (Why is that?)
• Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options
• Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective
• The impact of delivery lags on irreversible investment under uncertainty
• Optimal time to invest when the price processes are geometric Brownian motions
• On optimal timing of investment when cost components are additive and follow geometric diffusions
• Optimal risk adoption: a real options approach

Cited In (12)

• Structural estimation of real options models
• Designing optimal M\&A strategies under uncertainty
• A dynamic model of managerial entrenchment and the positive incentives it creates
• AHP-based synergy allocation to the pattern in a merger
• Strategic real options under asymmetric information
• International merger strategy in a Duopolistic market involving game options
• Dynamic capital structure choice and investment timing
• Merger selection, evidence provision, and the timing of merger control
• Title not available (Why is that?)
• Real options signaling game models for dynamic acquisition under information asymmetry
• Strategic investment with positive externalities
• Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options

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