A Complex Algorithm for Selecting Instruments to~Finance Mergers and Acquisitions

DOI

10.2991/cmdm-18.2019.6How to use a DOI?

Keywords

mergers and acquisitions, M&A transactions, financial instruments, computer modeling

Abstract

The study suggests formalized algorithm that allows to make an informed choice of instruments for financing M&A transactions. This algorithm includes following several stages: identification of the limiting factor; determination of the anticipated structure of settlements for the M{\&}A transaction; formation of a financial instruments parameters set to use for the instruments' comparison; determination of specific weights of the selected parameters of the M{\&}A financial instruments; identification of ``preferable'' values of financial instruments' parameters; comparison of the ``preferred'' financial instruments parameters with their actual or potentially possible parameters; making choice of the instruments for financing the M{\&}A transaction. Approbation of the algorithm is done using the example of JSC ``Agrofirma Volga'', acting as a buyer company, and JSC ``Zorinskoye'', acting as a target company.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Alla Yakunina
AU  - Sergey Varygin
AU  - Ekaterina Nesterenko
AU  - Eugene Korobov
AU  - Yulia Semernina
AU  - Sergey Yakunin
PY  - 2019/02
DA  - 2019/02
TI  - A Complex Algorithm for Selecting Instruments to~Finance Mergers and Acquisitions
BT  - Proceedings of the Third Workshop on Computer Modelling in Decision Making (CMDM 2018)
PB  - Atlantis Press
SP  - 31
EP  - 35
SN  - 2352-538X
UR  - https://doi.org/10.2991/cmdm-18.2019.6
DO  - 10.2991/cmdm-18.2019.6
ID  - Yakunina2019/02
ER  -