Title: Research on Timing of M&A Based on Poisson Jump
Abstract:Taking both synergistic effect and Poisson jump into account,the paper studies the timing of MA using the method of real option and optimal stopping. Through the establishment of the MA model with two...Taking both synergistic effect and Poisson jump into account,the paper studies the timing of MA using the method of real option and optimal stopping. Through the establishment of the MA model with two players,in which both of the players' value are uncertain but related,and the acquainted player accepts the MA without condition,the paper solves the optimal timing of MA and corresponding region to make decision under the condition where Poisson jump exists and the condition where Poisson jump does not exist. The result shows that the company 1 will obtain more value of waiting option but narrower MA region with Poisson jump comparing with that without Poisson jump.Read More
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot