Essays about: "Karolis Ramoska"

Found 1 essay containing the words Karolis Ramoska.

  1. 1. Reference Point Pricing in European M&A Transactions

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Karolis Ramoska; [2011]
    Keywords : Reference points; Anchoring; Acquisitions;

    Abstract : This paper analyzes the existence of price reference points in the pricing of European merger and acquisition transactions, particularly the relevance of the 52-week-high price as a reference point. The results indicate a statistical relationship between the 52-week-high price and the offer price that is inconsistent with the theory of efficient pricing of mergers and acquisitions. READ MORE