Defining the deal value in mergers and acquisitions is inherently complex and often
constitutes an inflection point for the parties involved. By paying part of the deal value at a …

This paper analyses the contract between an entrepreneur and an investor, using a non-
zero sum game in which the entrepreneur is interested in company survival and the investor …

We survey 129 investors from private equity firms, investment banks, corporate M&A and
other M&A-related roles about their perception of earnouts. The results indicate that …

In this paper, we develop a dynamic model to study the entry and the exit decision for a VC
facing the opportunity to invest and expand a start-up firm. Two settings are considered. A …

This paper studies the antecedents of cognitive options appraisal in a cross-cultural sample
of specialists and generalists. Examining the role of national culture and ambiguity in the …

This paper introduces a double exponential jump-diffusion process to model the pre-
expansion value of a start-up firm. Within this framework, we present a dynamic model for …

The current stage of development of the world economy is characterized by specific
transformations that affect not only the state of the national economies of the countries of the …

Purpose: This study aims to investigate the effect of financier selection options over the
optimal actions of entrepreneurs in a Markov modulated setting. Methodology: The problem …

Breaking the bottleneck of SME financing and promoting consumption by lifting consumer
credit have become an important way to realize the transformation from wholesale finance to …

The model herein presented analyses the investment decision taken by a Venture Capitalist
(VC) who has an opportunity to invest in a growth option hold by a start-up firm for which the …