Make a promise: the valuation adjustment mechanism in Chinese private target acquisitions

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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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Bibliographic Details
Main Author:	Bi, Xiaogang
Format:	Article
Language:	English
Published:	Routledge 2021
Subjects:	Valuation adjustment mechanism; mergers and acquisitions; takeovers; contract design; contingent payment
Online Access:	https://eprints.nottingham.ac.uk/65093/

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