2019 Deal Recap

2019 has indeed been a busy year in terms of M&A with many large deals and IPOs announced. A general trend observable throughout many of the industries can be one of consolidation: high costs and new tech-based entrants to the market is squeezing larger players, many of which have chosen M&A to acquire new technology, […]

PayPal planning its Honey-moon

PayPal Holdings Inc. [PYPL: NASDAQ] – Market Cap as of 30/11/2019 USD 126.82bn Honey Science Corporation – Privately Held Introduction On November 20th, 2019 PayPal announced the $4bn acquisition of deal-finding company Honey, which is expected to complete in Q1 2020. The deal will provide PayPal with an additional source of insight on customer behavior […]

Market Recap 01/12/2019

US The Thanksgiving holiday was accompanied by record highs on Wall Street: a beat in US GDP growth and – this never gets old – positive comments from President Donald’s Trump about a closing on the final stages with a partial trade deal with China lead to a bullish sentiment. The US economy grew at […]

AI IN CORPORATE FİNANCE

Introduction: Many of us have been swept away with the rapidly increasing adoption and interference of technology in our lives. Well, corporate finance is no different. The significant developments in AI technology is expected to augment existing business models of advisory firms and, in some cases, form new business models through the digital revolution. One […]

Can the Implied Volatility Surface predict Returns of shorting Puts?

We gave a brief introduction to put writing strategies already earlier this semester. We since thought about possible modifications of such strategies and their effects on return characteristics and return predictability. The positive returns of put writing strategies can be motivated from risk premia, as we show in the first part of the article. We […]

REITs: Is Liquid Real Estate the Solution for the Late Cycle? – Part 1

Real estate is traditionally associated with large capital expenditures and not a high amount of liquidity. Hence, the sector is usually reserved for long-term investments by high net worth individuals. Even more so, commercial use buildings are out of reach for most private individual’s pockets, making developers and other large entities to be the only […]