A simulation on the presence of competing bidders in mergers and acquisitions
The current paper applies Monte Carlo simulation on the presence of competing bidders in mergers and acquisitions. We present a new approach for quantifying uncertainty and use a Brownian model where “the presence of a competing bidder” is the random variable. Our model sets its boundaries by employ...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | |
| التنسيق: | article |
| منشور في: |
2017
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/7281 https://doi.org/10.1016/j.frl.2017.03.002 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S1544612316304007 |
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| _version_ | 1864513481803300864 |
|---|---|
| author | Aintablian, Sebouh |
| author2 | El Khoury, Wissam |
| author2_role | author |
| author_facet | Aintablian, Sebouh El Khoury, Wissam |
| author_role | author |
| dc.creator.none.fl_str_mv | Aintablian, Sebouh El Khoury, Wissam |
| dc.date.none.fl_str_mv | 2017 2018-03-27T06:15:51Z 2018-03-27T06:15:51Z 2018-03-27 |
| dc.identifier.none.fl_str_mv | 1544-6131 http://hdl.handle.net/10725/7281 https://doi.org/10.1016/j.frl.2017.03.002 Aintablian, S., & El Khoury, W. (2017). A simulation on the presence of competing bidders in mergers and acquisitions. Finance Research Letters, 22, 233-243. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S1544612316304007 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Finance Research Letters |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | A simulation on the presence of competing bidders in mergers and acquisitions |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | The current paper applies Monte Carlo simulation on the presence of competing bidders in mergers and acquisitions. We present a new approach for quantifying uncertainty and use a Brownian model where “the presence of a competing bidder” is the random variable. Our model sets its boundaries by employing physical random number generators. The calculation of boundaries enables the simulation of “certainty” about the presence of a competing bidder, and thereafter, the prediction of the geometric Brownian motion path. We use difference in country and industry as proxies for uncertainty and incorporate them into the model. By applying a sample of 3278 acquisitions we find that the slope of the geometric Brownian motion is increasing. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_34e11aaebdbddeb89986e454746d01c3 |
| identifier_str_mv | 1544-6131 Aintablian, S., & El Khoury, W. (2017). A simulation on the presence of competing bidders in mergers and acquisitions. Finance Research Letters, 22, 233-243. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/7281 |
| publishDate | 2017 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | A simulation on the presence of competing bidders in mergers and acquisitionsAintablian, SebouhEl Khoury, WissamThe current paper applies Monte Carlo simulation on the presence of competing bidders in mergers and acquisitions. We present a new approach for quantifying uncertainty and use a Brownian model where “the presence of a competing bidder” is the random variable. Our model sets its boundaries by employing physical random number generators. The calculation of boundaries enables the simulation of “certainty” about the presence of a competing bidder, and thereafter, the prediction of the geometric Brownian motion path. We use difference in country and industry as proxies for uncertainty and incorporate them into the model. By applying a sample of 3278 acquisitions we find that the slope of the geometric Brownian motion is increasing.PublishedN/A2018-03-27T06:15:51Z2018-03-27T06:15:51Z20172018-03-27Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1544-6131http://hdl.handle.net/10725/7281https://doi.org/10.1016/j.frl.2017.03.002Aintablian, S., & El Khoury, W. (2017). A simulation on the presence of competing bidders in mergers and acquisitions. Finance Research Letters, 22, 233-243.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/pii/S1544612316304007enFinance Research Lettersinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/72812021-03-19T09:10:16Z |
| spellingShingle | A simulation on the presence of competing bidders in mergers and acquisitions Aintablian, Sebouh |
| status_str | publishedVersion |
| title | A simulation on the presence of competing bidders in mergers and acquisitions |
| title_full | A simulation on the presence of competing bidders in mergers and acquisitions |
| title_fullStr | A simulation on the presence of competing bidders in mergers and acquisitions |
| title_full_unstemmed | A simulation on the presence of competing bidders in mergers and acquisitions |
| title_short | A simulation on the presence of competing bidders in mergers and acquisitions |
| title_sort | A simulation on the presence of competing bidders in mergers and acquisitions |
| url | http://hdl.handle.net/10725/7281 https://doi.org/10.1016/j.frl.2017.03.002 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S1544612316304007 |