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M&A and the simulation-based valuation of companies with an uncertain exit price and special rights

Werner Gleißner et al.

Credit and Capital Markets2025https://doi.org/10.3790/ccm.2025.1455401article
AJG 1ABDC C
Weight
0.50

What the paper says

This article presents a new methodological approach to value private equity investments based on simulation. The valuation relies on ‘imperfect replication’. This method does not presuppose the perfection of the capital market and is essentially built on measuring the risk. The approach turns out to be easy to implement. Firm specific characteristics as well as and existing special rights can be depicted and modelled. The proposed methodology is of immediate practical usefulness as it can help to find decision support for concrete investment situations. Also, during the investment period it can be used for monitoring. The originality of the research lies in the combination of Monte Carlo simulation, multiple methods, relevant risk measures and risk-value models.

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Cite this paper

https://doi.org/https://doi.org/10.3790/ccm.2025.1455401

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@article{werner2025,
  title        = {{M&A and the simulation-based valuation of companies with an uncertain exit price and special rights}},
  author       = {Werner Gleißner et al.},
  journal      = {Credit and Capital Markets},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.3790/ccm.2025.1455401},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.