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Decision-making from a risk assessment perspective for Corporate Mergers and Acquisitions
Corporate Mergers and Acquisitions (M & As) are notoriously complex, and risk management is one of the essential aspects of the analysis process for decision-making on M & A deals. Empirically, we see that some M & A transactions are not successful in part because of the increased exposu...
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| Published in: | Computational management science 2015-04, Vol.12 (2), p.243-266 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cites | cdi_FETCH-LOGICAL-c483t-d98b6df0914b98f2aac07884779795adfcb46d7a9afdb5504a2dea8e5ce59ecd3 |
| container_end_page | 266 |
| container_issue | 2 |
| container_start_page | 243 |
| container_title | Computational management science |
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| creator | Lee, Jinwook Prékopa, András |
| description | Corporate Mergers and Acquisitions (M
&
As) are notoriously complex, and risk management is one of the essential aspects of the analysis process for decision-making on M
&
A deals. Empirically, we see that some M
&
A transactions are not successful in part because of the increased exposure to correlated sectors, suggesting that the merged entity possesses increased risk in the market. This motivates our research on risk evaluation processes for corporate M
&
A deals. In this paper, a decision making scheme using a reasonable risk measure is introduced and surveyed. Numerical examples are presented. |
| doi_str_mv | 10.1007/s10287-014-0221-y |
| format | article |
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&
As) are notoriously complex, and risk management is one of the essential aspects of the analysis process for decision-making on M
&
A deals. Empirically, we see that some M
&
A transactions are not successful in part because of the increased exposure to correlated sectors, suggesting that the merged entity possesses increased risk in the market. This motivates our research on risk evaluation processes for corporate M
&
A deals. In this paper, a decision making scheme using a reasonable risk measure is introduced and surveyed. Numerical examples are presented.</description><identifier>ISSN: 1619-697X</identifier><identifier>EISSN: 1619-6988</identifier><identifier>DOI: 10.1007/s10287-014-0221-y</identifier><language>eng</language><publisher>Berlin/Heidelberg: Springer Berlin Heidelberg</publisher><subject>Acquisitions ; Acquisitions & mergers ; Anniversaries ; Business and Management ; Company mergers ; Correlation ; Decision making ; Divisions ; Management science ; Marketing ; Markets ; Operations Research/Decision Theory ; Optimization ; Original Paper ; Random variables ; Risk ; Risk assessment ; Studies ; Texts</subject><ispartof>Computational management science, 2015-04, Vol.12 (2), p.243-266</ispartof><rights>Springer-Verlag Berlin Heidelberg 2014</rights><rights>Springer-Verlag Berlin Heidelberg 2015</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c483t-d98b6df0914b98f2aac07884779795adfcb46d7a9afdb5504a2dea8e5ce59ecd3</citedby><cites>FETCH-LOGICAL-c483t-d98b6df0914b98f2aac07884779795adfcb46d7a9afdb5504a2dea8e5ce59ecd3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.proquest.com/docview/1668087086/fulltextPDF?pq-origsite=primo$$EPDF$$P50$$Gproquest$$H</linktopdf><linktohtml>$$Uhttps://www.proquest.com/docview/1668087086?pq-origsite=primo$$EHTML$$P50$$Gproquest$$H</linktohtml><link.rule.ids>314,780,784,11688,27924,27925,36060,36061,44363,74895</link.rule.ids></links><search><creatorcontrib>Lee, Jinwook</creatorcontrib><creatorcontrib>Prékopa, András</creatorcontrib><title>Decision-making from a risk assessment perspective for Corporate Mergers and Acquisitions</title><title>Computational management science</title><addtitle>Comput Manag Sci</addtitle><description>Corporate Mergers and Acquisitions (M
&
As) are notoriously complex, and risk management is one of the essential aspects of the analysis process for decision-making on M
&
A deals. Empirically, we see that some M
&
A transactions are not successful in part because of the increased exposure to correlated sectors, suggesting that the merged entity possesses increased risk in the market. This motivates our research on risk evaluation processes for corporate M
&
A deals. In this paper, a decision making scheme using a reasonable risk measure is introduced and surveyed. Numerical examples are presented.</description><subject>Acquisitions</subject><subject>Acquisitions & mergers</subject><subject>Anniversaries</subject><subject>Business and Management</subject><subject>Company mergers</subject><subject>Correlation</subject><subject>Decision making</subject><subject>Divisions</subject><subject>Management science</subject><subject>Marketing</subject><subject>Markets</subject><subject>Operations Research/Decision Theory</subject><subject>Optimization</subject><subject>Original Paper</subject><subject>Random variables</subject><subject>Risk</subject><subject>Risk assessment</subject><subject>Studies</subject><subject>Texts</subject><issn>1619-697X</issn><issn>1619-6988</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><sourceid>M0C</sourceid><recordid>eNp1kE1LxDAQhoMouK7-AG8BL16qSTdtkuOyfoLiRUFPIU2nS3e3TTfTCvvvzVIRETzNwDzvy_AQcs7ZFWdMXiNnqZIJ4yJhacqT3QGZ8JzrJNdKHf7s8v2YnCCuGBOZkGpCPm7A1Vj7Nmnsum6XtAq-oZaGGtfUIgJiA21POwjYgevrT6CVD3ThQ-eD7YE-Q1jGI7VtSeduO8S2PvbhKTmq7Abh7HtOydvd7eviIXl6uX9czJ8SJ9SsT0qtirysmOai0KpKrXVMKiWk1FJntqxcIfJSWm2rssgyJmxaglWQOcg0uHI2JZdjbxf8dgDsTVOjg83GtuAHNDxXmVQ80zKiF3_QlR9CG7-LVK6YkkzlkeIj5YJHDFCZLtSNDTvDmdnLNqNsE2WbvWyzi5l0zGBk2-jjV_O_oS9UYoQ3</recordid><startdate>20150401</startdate><enddate>20150401</enddate><creator>Lee, Jinwook</creator><creator>Prékopa, András</creator><general>Springer Berlin Heidelberg</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7SC</scope><scope>7TA</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AL</scope><scope>8AO</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ARAPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>HCIFZ</scope><scope>JG9</scope><scope>JQ2</scope><scope>K60</scope><scope>K6~</scope><scope>K7-</scope><scope>L.-</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope><scope>M0C</scope><scope>M0N</scope><scope>M2O</scope><scope>MBDVC</scope><scope>P5Z</scope><scope>P62</scope><scope>PADUT</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PYYUZ</scope><scope>Q9U</scope></search><sort><creationdate>20150401</creationdate><title>Decision-making from a risk assessment perspective for Corporate Mergers and Acquisitions</title><author>Lee, Jinwook ; Prékopa, András</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c483t-d98b6df0914b98f2aac07884779795adfcb46d7a9afdb5504a2dea8e5ce59ecd3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>Acquisitions</topic><topic>Acquisitions & mergers</topic><topic>Anniversaries</topic><topic>Business and Management</topic><topic>Company mergers</topic><topic>Correlation</topic><topic>Decision making</topic><topic>Divisions</topic><topic>Management science</topic><topic>Marketing</topic><topic>Markets</topic><topic>Operations Research/Decision Theory</topic><topic>Optimization</topic><topic>Original Paper</topic><topic>Random variables</topic><topic>Risk</topic><topic>Risk assessment</topic><topic>Studies</topic><topic>Texts</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Lee, Jinwook</creatorcontrib><creatorcontrib>Prékopa, András</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Computer and Information Systems Abstracts</collection><collection>Materials Business File</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Computing Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>Technology Research Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>Advanced Technologies & Aerospace Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>ProQuest Business Premium Collection</collection><collection>Technology Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>SciTech Premium Collection</collection><collection>Materials Research Database</collection><collection>ProQuest Computer Science Collection</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>Computer Science Database</collection><collection>ABI/INFORM Professional Advanced</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Computer and Information Systems Abstracts Academic</collection><collection>Computer and Information Systems Abstracts Professional</collection><collection>ABI/INFORM Global</collection><collection>Computing Database</collection><collection>ProQuest Research Library</collection><collection>Research Library (Corporate)</collection><collection>Advanced Technologies & Aerospace Database</collection><collection>ProQuest Advanced Technologies & Aerospace Collection</collection><collection>Research Library China</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><jtitle>Computational management science</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Lee, Jinwook</au><au>Prékopa, András</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Decision-making from a risk assessment perspective for Corporate Mergers and Acquisitions</atitle><jtitle>Computational management science</jtitle><stitle>Comput Manag Sci</stitle><date>2015-04-01</date><risdate>2015</risdate><volume>12</volume><issue>2</issue><spage>243</spage><epage>266</epage><pages>243-266</pages><issn>1619-697X</issn><eissn>1619-6988</eissn><abstract>Corporate Mergers and Acquisitions (M
&
As) are notoriously complex, and risk management is one of the essential aspects of the analysis process for decision-making on M
&
A deals. Empirically, we see that some M
&
A transactions are not successful in part because of the increased exposure to correlated sectors, suggesting that the merged entity possesses increased risk in the market. This motivates our research on risk evaluation processes for corporate M
&
A deals. In this paper, a decision making scheme using a reasonable risk measure is introduced and surveyed. Numerical examples are presented.</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><doi>10.1007/s10287-014-0221-y</doi><tpages>24</tpages></addata></record> |
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| ispartof | Computational management science, 2015-04, Vol.12 (2), p.243-266 |
| issn | 1619-697X 1619-6988 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1685781597 |
| source | ABI/INFORM Global; Springer Nature |
| subjects | Acquisitions Acquisitions & mergers Anniversaries Business and Management Company mergers Correlation Decision making Divisions Management science Marketing Markets Operations Research/Decision Theory Optimization Original Paper Random variables Risk Risk assessment Studies Texts |
| title | Decision-making from a risk assessment perspective for Corporate Mergers and Acquisitions |
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