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

DOI10.1016/J.JEDC.2007.06.016MaRDI QIDQ844673zbMATH OpenOpenAlexFDO

Authors 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

zbMATH Keywords

optimal stoppingreal optionsmergers

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 4078444 (Why is no real title available?)
• scientific article; zbMATH DE number 3562121 (Why is no real title available?)
• Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective
• On optimal timing of investment when cost components are additive and follow geometric diffusions
• Optimal risk adoption: a real options approach
• Optimal time to invest when the price processes are geometric Brownian motions
• Preemption and Rent Equalization in the Adoption of New Technology
• Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options
• The bargaining problem
• The impact of delivery lags on irreversible investment under uncertainty

Cited in

(21)

• An analytical model of the value of mergers and acquisitions employing profit flows with synergies
• Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options
• 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
• Optimal exercise of jointly held real options: a Nash bargaining approach with value diversion
• Decision-making from a risk assessment perspective for corporate mergers and acquisitions
• Mergers and acquisitions with conditional and unconditional offers
• Strategic real options under asymmetric information
• International merger strategy in a Duopolistic market involving game options
• A pre-emption model of mergers
• Dynamic capital structure choice and investment timing
• A dynamic analysis of growth via acquisition
• Merger selection, evidence provision, and the timing of merger control
• scientific article; zbMATH DE number 6501377 (Why is no real title available?)
• Real options signaling game models for dynamic acquisition under information asymmetry
• Earnouts in mergers and acquisitions: a game-theoretic option pricing approach
• Strategic investment with positive externalities
• Leverage, premium and timing in corporate acquisitions
• Mergers and acquisitions between risk-averse parties

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