Table of contents
Guest Editors: Enrico Moretto
A note on mergers and acquisitions
Margherita Cigola, Paola ModestiRecently numerous mergers have been realized. The paper aims to discuss famous static models about the exchange ratio. The paper then seeks to propose a simple dynamical model to…
Exchange ratios in a merger with stochastic capital reserves: fair valuation and embedded options
Bruno GiacomelloThe purpose of this paper is to analyze how exchange ratios in mergers can be assessed when the companies economic capital valuation is carried out in a stochastic framework with…
Synergies, shareholder value and exchange ratios in “value‐creating” mergers: Why shareholders should doubt management's pre‐merger promises
Wolfgang KürstenThe purpose of this research paper is to clarify why shareholders should be prudent when managers promise value gains from a synergetic merger.
Exchange ratio determination in a market equilibrium
Enrico Moretto, Stefano RossiThe paper aims to present an exchange ratio for merging companies that incorporates the change in the level of riskiness.
The alchemy of acquisition currency: exclusive advantages of listed companies
Giulio TagliaviniAcquisition currency is the possibility, enjoyed mainly by listed companies, of paying for acquisitions with paper (i.e. with conversion shares) instead of financial means…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson