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

DOI10.1016/J.JEDC.2007.06.016zbMath1181.91334OpenAlexW3121539871MaRDI QIDQ844673

Jacco J. J. Thijssen

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& 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)

Related Items (7)

Real options signaling game models for dynamic acquisition under information asymmetry ⋮ Dynamic capital structure choice and investment timing ⋮ Strategic investment with positive externalities ⋮ A dynamic model of managerial entrenchment and the positive incentives it creates ⋮ Designing optimal M\&A strategies under uncertainty ⋮ Strategic real options under asymmetric information ⋮ Structural estimation of real options models

Cites Work

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• On optimal timing of investment when cost components are additive and follow geometric diffusions
• Optimal time to invest when the price processes are geometric Brownian motions
• Optimal risk adoption: a real options approach
• The Bargaining Problem
• Takeover Timing, Implementation Uncertainty, and Embedded Divestment Options
• Preemption and Rent Equalization in the Adoption of New Technology
• Investment under Uncertainty, Coalition Spillovers and Market Evolution in a Game Theoretic Perspective
• The impact of delivery lags on irreversible investment under uncertainty

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