Behavioural Real Options
This research project, in the field of Mergers and Acquisitions (M&A), corporate finance, behavioural finance and real options, aims to study activity of behavioural biased investors in corporate acquisitions. There are several puzzles, such as the puzzle on toeholds, on high acquisition premiums and on merger waves, which could be explained with a behavioural view. This research aims at exploring these puzzles, both from theoretical and empirical angles. Furthermore it will include dynamic models of investment under uncertainty, augmented by behavioural theory.
- Overconfidence, Toehold Puzzle, Serial Acquisitions, Real options, Game Theory, Behavioural finance.
- Time frame
- 2015 -
Office: Tinbergen Building H08-31
Burgemeester Oudlaan 50
3062 PA Rotterdam
3000 DR Rotterdam