DocumentCode
517521
Title
The research on value evaluation in M&A
Author
Li, Meng ; Hui, Tang
Author_Institution
Sch. of Manage., Xiamen Univ., Xiamen, China
fYear
2010
fDate
16-18 April 2010
Firstpage
352
Lastpage
355
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;
fLanguage
English
Publisher
ieee
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
Type
conf
DOI
10.1109/ICIME.2010.5478104
Filename
5478104
Link To Document