The corporate sector all over the world is restructuring its operations through inorganic growth with different types of consolidation strategies like mergers and acquisitions in order to face challenges posed by the new pattern of globalization, which has led to the greater integration of...

Advances in structural demand estimation have substantially improved economists' ability to forecast the impact of mergers. However, these models rely on extensive assumptions about consumer choice and firm objectives, and ultimately observational methods are needed to test their validity....

This study finds that pro-forma earnings forecasts by bidding firms during acquisitions are associated with a higher likelihood of deal completion, expedited deal closing, and with a lower acquisition premium − but only in stock-financed acquisitions. Analysts also respond to these forecasts...

There is a long-standing debate on the recognition of intangible assets and whether they can be measured reliably. Most recognized intangibles are acquired in business combinations, and estimating their fair values is highly subjective. Using a broad sample of business combinations in the U.S....

Key Features:Extensive discussion of the current trends of M&As in bankingComprehensive analysis of the motives of M&AsExtensive presentation and comparison of several statistical and computational methodologies for analyzing and predicting M&AsEmpirical results on the use of existing...

This paper utilizes four different classification procedures (binary choice models) and compares their ability to predict corporate takeovers. Specifically, the paper develops logit, probit, discriminant, and recursive partitioning, models to predict which firms will be taken-over. The original...

Predicting future pairs of the acquirer and acquiree companies is important for acquisition or investment strategy. This prediction is a challenging problem due to the following requirements: to incorporate various non-financial factors and to address the lack of negative samples. Concerning the...