... on an econometric framework that attempts to explain observable past variables but rather present a general, forward-looking decision model that can support managers in their investment decisions. Originality/value This approach is the first to show managers how to make an economically rational investment...

... Licensed re-use rights only Post-merger portfolio Mergers and acquisitions (M&As) Post-merger integration Decision model DM attitudes can be categorizable in four ways. (1) DMs can calculate events and their probability if they have experimental input or historical information. (2) DMs...