Risky Arbitrage in Merger & Acquisition: Concepts and Analysis

摘要：

With the development of the capital market and the increasing integration between the capital market and the M & A, M & A activities have been facilitated not only in the forms but also in the means, and behaved with more capital market characteristics. Being a risky arbitrage, merger arbitrage appeared in recent M & A activities. The paper begins with the definition of the merger arbitrage, and then details the decision process from the points of return evaluation , loss evaluation, probability and risks evaluation and synthetic evaluation. And then we use the model to verify the cases taken place in China.

作者: Yan Wu

作者单位: Jiangxi University of Finance and Economy, Nanchang

会议类型: 国内会议

会议名称: 金融创新、金融发展与风险防范国际学术研讨会

会议地点: 南昌

会议语种:英文

页码: 174-181

在线出版日期: 2007-04-13（万方平台首次上网日期，不代表论文的发表时间）