Make a promise: the valuation adjustment mechanism in Chinese private target acquisitions
The valuation adjustment mechanism (VAM) is a contingent-payment contractual arrangement used in the Chinese mergers and acquisitions (M&As) market. The ‘two-direction payment’ design of Chinese VAMs can reduce deal uncertainty and generate value, especially for poorly performing companies that...
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| Format: | Article |
| Language: | English |
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Routledge
2021
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| Online Access: | https://eprints.nottingham.ac.uk/65093/ |