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Applying the real options valuation to measure merger and acquisition (M&A) synergy is highly debatable, with questions … applications. A real options application may serve as a decision-making tool and at the same time be a useful valuation method of M …
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This short article studies the tax effects on a start-up investment decision under uncertainty. Since the representative firm can decide both when to invest and how much to borrow, the distortive effects are twofold. We thus show that the deadweight loss (namely, the ratio between the welfare...
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a dynamic capability-based synergy in M&A deals remains a challenge. This paper draws on real options theory to explore …
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