Title :
The research on value evaluation in M&A
Author :
Li, Meng ; Hui, Tang
Author_Institution :
Sch. of Manage., Xiamen Univ., Xiamen, China
Abstract :
This study propose a enterprise valuation model which takes clause of merger deal into account on the basis of fractal option pricing. To prove that the fractal structure of capital market and influence on evaluation, we introduce fractal theory to real option pricing and illustrate the difference of option value under the two market hypothesis. Fractal features has been presented and verified by means of combining theory discussion and practical data.
Keywords :
corporate acquisitions; pricing; M&A; enterprise valuation model; fractal option pricing; fractal theory; merger deal clause; value evaluation research; Analysis of variance; Companies; Corporate acquisitions; Cost accounting; Fractals; Gain measurement; Gaussian distribution; Investments; Pricing; Stock markets; Hurst index; M&A; fractal; long memory; option pricing;
Conference_Titel :
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-5263-7
Electronic_ISBN :
978-1-4244-5265-1
DOI :
10.1109/ICIME.2010.5478104
