Foreword
Article Type: Foreword From: Managerial Finance, Volume 34, Issue 4.
The aim of this issue of Managerial Finance is, hopefully, to contribute to filling the gap that exists in the financial literature regarding models for exchange ratio determination in mergers.
Though the authors' backgrounds vary from corporate and empirical finance to mathematics, their contribution, considered as a whole, gives room, in my opinion, to a positive "synergy effect", something a real-life merger should bring. The final judgment is anyway left to the reader.
A final word of thanks to everyone involved in the realization of this issue, in particular, all the referees, whose keen work and smart suggestions helped improve the articles, the authors and, last but not least, the staff at Managerial Finance, especially Richard Dobbins and Simon Linacre.
Enrico MorettoGuest Editor
