Purpose – The purpose of this paper is to model the announcement returns of merging firms based on managerial overconfidence about merger synergy. Design/methodology/approach – The paper applies continuous-time real options techniques and game theoretic concepts. Managerial overconfidence...

Purpose – This paper introduces readers to the International Journal of Managerial Finance, highlighting its value and scope to the academic and professional community. Design/methodology/approach – This paper provides opinions of the editors on the nature and context of Managerial Finance...

One of the main characteristics of French worker cooperatives is the principle of collective entrepreneurship. The aim of this article is to understand how it is applied, and in particular, how the board of directors and the managing director work together. To answer this question, an...