International mergers and acquisitions activity since 1990

recent research and quantitative analysis

It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990s, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M&As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M&A activity slumped dramatically, but this pause ended in the second half of 2004 when takeover deals occurred again quite frequently. Indeed, some observers wonder whether the 6th takeover wave has started.The takeover wave in the 1990s was particularly remarkable in terms of size and geographical dispersion. For the first time, Continental European firms were as eager to participate as their US and UK counterparts, and M&A activity in Europe hit levels similar to those experienced in the US. Due to its financial impact and the unprecedented activity in Continental Europe, the 5th takeover wave of the 1990s and recent takeover activity (in biotech, utilities, pharmaceuticals) have triggered a great deal of interesting academic research.This volume brings together a selection of insightful papers. An impressive group of international authors address the following themes: takeover regulation; the cyclical pattern of ...

Mathematical modeling

"Mathematical Modeling 3e" is a general introduction to an increasingly crucial topic for today's mathematicians. Unlike textbooks focused on one kind of mathematical model, this book covers the broad spectrum of modeling problems, from optimization to dynamical systems to stochastic processes. Mathematical modeling is ...

Measurement in economics

a handbook

"Measurement in Economics: A Handbook" aims to serve as a source, reference, and teaching supplement for quantitative empirical economics, inside and outside the laboratory. Covering an extensive range of fields in economics: econometrics, actuarial science, experimental economics, index theory, national accounts, and economic forecasting, it ...

The analytics of risk model validation

Risk model validation is an emerging and important area of research, and has arisen because of Basel I and II. These regulatory initiatives require trading institutions and lending institutions to compute their reserve capital in a highly analytic way, based on the use of internal ...

Encyclopedia of archaeology

Archaeology is a subject that fascinates us. From Egyptian tombs to a frozen Alpine wayfarer, from cities buried under volcanic ash to stone arrow heads turned up by the plow, archaeology is in the news and in our backyards. It is paradoxical that a subject ...

Understanding credit derivatives and related instruments

Understanding Credit Derivatives offers a comprehensive introduction to the credit derivatives market. Rather than presenting a highly technical exploration of the subject, it offers intuitive and rigorous summaries of the major subjects and the principal perspectives associated with them. The centerpiece is pricing and valuation ...

Quantitative finance for physicists

an introduction

With more and more physicists and physics students exploring the possibility of utilizing their skills in the finance industry, this much-needed book quickly introduces you to financial principles and methods. This book provides a short, straightforward introduction to those who already have the background in ...

Risk analysis in theory and practice

Applied Risk Analysis explores the role of risk in resource allocation. It covers conceptual and empirical analyses of economic behavior under risk and the implications of risk for management and policy decisions. Special attention is given to the role of imperfect information in the decision-making ...

Applying contemporary statistical techniques

Statistical methods

Introduction to probability models

Managing bank risk

an introduction to broad-base credit engineering

Fixed income mathematics

An introduction to common fixed income instruments and mathematics, this book offers explanations, exercises, and examples without demanding sophisticated mathematics. Not only does the author use his business and teaching experience to highlight the fundamentals of investment and management decision-making, but he also offers questions ...

African economic development

Growth and development are among the most exciting subjects in economics, and the application of their principles to African economies is both needed and timely. African Economic Development comprises a collection of articles written especially for this volume, which offer an authoritative statement about economic ...

Dividend policy

theory and practice

Presenting different ways to think about one of the most intriguing subjects in financial economics, this title explores the puzzle presented by dividends. Irrational and subject to fashion, yet popular and desirable, they remain a priority amongst managers, even while perceived as largely symbolic. After ...

Value-at-risk

theory and practice

Value-at-risk (VaR) is a measure of market risk that has been widely adopted since the mid-1990s for use on trading floors. This is the first advanced book published on VaR. It describes how to design, implement, and use scalable production VaR measures on actual trading ...

Managerial economics

theory and practice

Managerial economics is the application of economic theory and quantitative methods (mathematics and statistics) to the managerial decision-making process. This book will appeal to students with limited prior training in economics and quantitative methods. It assumes that students will have had mathematics training at least ...

Elements of financial risk management

Value-at-Risk has emerged as the standard tool for measuring and reporting financial market risk. More than 80 commercial vendors offer enterprise or trading risk management systems that provide VAR-like measures. Risk managers are therefore often left with the daunting task of having to choose from ...

GENERAL EQUILIBRIUM, GROWTH, AND TRADE II.

The legacy of Lionel McKenzie..

The numerical method of lines

integration of partial differential equations