Dr. Gaughan has authored numerous publications including the award winning textbook Mergers, Acquisitions and Corporate Restructuring (John Wiley and Sons 2002) and Mergers: What Can Go Wrong and How to Prevent It (Wiley 2005). Dr. Gaughan’s latest book, Measuring Business Interruptions and Other Commercial Damages: An Economic Approach, 3rd Edition (Wiley 2020), is now available for purchase.
His other books include Measuring Business Interruption Losses and Other Commercial Damages, Second Edition (Wiley 2009), and Developments in Litigation Economics – Contemporary Studies in Economic and Financial Analysis (Elsevier 2006).
He has published articles in various scholarly journals including International Review of Law & Economics, Journal of Forensic Economics, Journal of Legal Economics, Litigation Economics Digest and Journal of Corporate Accounting and Finance.
The only book that explains the methodology for measuring lost profits in litigation, fully updated and revised.
Computing damages in business interruption cases requires thorough knowledge of the research and practices in diverse areas of expertise, such as general and forensic accounting, litigation economics, and business law. The third edition of Measuring Business Interruption Losses and Other Commercial Damages provides a detailed methodological framework for measuring lost profits for the purpose of determining damages in business interruption lawsuits and related types of commercial damages. Written by a leading expert in applying economics and finance to litigation, this authoritative volume examines every critical aspect of commercial damages analysis.
Designed for practical use, this volume enables you to quickly find information on a specific topic without needing to read the entire volume—nor does it require that you complete preceding chapters to understand your selected reading. Divided into two parts, the book first provides deep coverage of business interruption damage analysis, including the lost-profits estimation process and time-value of money considerations. Part Two examines intellectual property, securities-related damages, antitrust damages, and various other types of common commercial damages.
Correctly measuring commercial damages involves a broad range of interdisciplinary knowledge. Accountants, for example, will find the book’s economic topics highly useful. Acknowledging that few readers are experts in every discipline, the author provides accessible overviews of specialized topics throughout the text. This book emphasized the important role that economics plays in damages calculations. Experts are given a thorough demonstration of the key roles that macroeconomics, microeconomics and finance plays in commercial damages analysis. This knowledge is invaluable for experts who testify in commercial lawsuits.
Measuring Business Interruption Losses and Other Commercial Damages: An Economic Approach, 3rd Edition is an indispensable resource for anyone working in the field of commercial damages, offering invaluable guidance on the vital economics issues that are relevant to so many different types of cases.
Mergers, Acquisitions, and Corporate Restructurings provides a comprehensive look at the field’s growth and development, and places M&As in realistic context amidst changing trends, legislation, and global perspectives. All-inclusive coverage merges expert discussion with extensive graphs, research, and case studies to show how M&As can be used successfully, how each form works, and how they are governed by the laws of major countries. Strategies and motives are carefully analyzed alongside legalities each step of the way, and specific techniques are dissected to provide deep insight into real-world operations. This new seventh edition has been revised to improve clarity and approachability, and features the latest research and data to provide the most accurate assessment of the current M&A landscape. Ancillary materials include PowerPoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension.
As the global economy slows, merger and acquisition activity is expected to increase. This book provides an M&A primer for business executives and financial managers seeking a deeper understanding of how corporate restructuring can work for their companies.
- Understand the many forms of M&As, and the laws that govern them
- Learn the offensive and defensive techniques used during hostile acquisitions
- Delve into the strategies and motives that inspire M&As
- Access the latest data, research, and case studies on private equity, ethics, corporate governance, and more
From large megadeals to various forms of downsizing, a full range of restructuring practices are currently being used to revitalize and supercharge companies around the world. Mergers, Acquisitions, and Corporate Restructurings is an essential resource for executives needing to quickly get up to date to plan their own company’s next moves.
Mergers, Acquisitions, and Corporate Restructurings is an all-inclusive guide to M&As that illustrates how restructuring can be used successfully, how each form works, and the laws that govern them. This updated edition includes the latest statistics, research, graphs, and case studies on the private equity market, ethics, legal frameworks, and corporate governance, presented in a more approachable, manageable way. Written from a practical and historical perspective, this book carefully analyzes the strategies and motives that inspire M&As, the legalities involved each step of the way, and the offensive and defensive techniques used during hostile acquisitions.
Corporate restructurings are indispensable in building a new generation of re-engineered companies with the power and resources to compete on the global playing field. This book covers the full spectrum of transactions, from megadeals to downsizing, and takes a fresh look at restructuring and how it is being used to revitalize and supercharge companies.
Learn how corporate restructuring helps companies compete
Discover the common impetus behind M&As
Understand the laws and rules that govern the field
Examine more effective strategies for hostile acquisitions
The slowdown in the world’s economy means that mergers and corporate restructuring will likely increase. It is essential for students and professionals to fully understand the concepts and mechanics behind these transactions, and Mergers, Acquisitions, and Corporate Restructurings is the comprehensive guide to the field.
Maximizing Corporate Value through Mergers and Acquisitions cuts through the hype surrounding M&A to take a calm, considered look at the many strategic growth options available to businesses. Utilizing the large body of research in this field, author Patrick Gaughan walks readers through both the risks and the benefits associated with different kinds of deals. In doing so, he offers a comprehensive treatment of key factors – including market, industry and psychological considerations – and their role in successful and unsuccessful outcomes.
A vital handbook for professionals considering strategic growth, Maximizing Corporate Value through Mergers and Acquisitions provides sound guidance and illustrative case studies on topics including:
Ensuring that M&A is part of an overall growth strategy
Understanding and achieving synergies
M&A for diversification
M&A for horizontal and vertical integration
M&A in emerging markets
The impact of valuation and premiums on deals
“Deal reversal” strategies to mitigate damage when deals don’t deliver as anticipated
Pursuing organic growth instead of growth through M&A
Alternatives to M&A such as joint ventures or strategic alliances
An essential reference for boards, executives, advisors and other practitioners, Maximizing Corporate Value through Mergers and Acquisitions offers an up-to-date guide for navigating the complex yet rewarding world of M&A.
Mergers: What Can Go Wrong (Spanish Version)
Mergers: What Can Go Wrong now available in Spanish.
Now fully revised and updated, focused on commercial litigation and the many common types of cases, this is the only book in the field to explain the complicated process of measuring business interruption damages. The book features an easy to understand and apply, step-by-step process for how losses should be measured so as to be accurate and reliable and consistent with the relevant laws.
With a new chapter on the economics of punitive damages, the new edition also explains detailed methods for measuring damages in contract litigation, intellectual property lawsuits, antitrust, and securities cases. This new Second Edition incorporates the latest developments in the fields of economics and accounting, while also integrating the most current changes in case law.
Here’s what you will find
Each chapter includes new materials and updated content
Added websites for sources of data
Includes a website for updated tables that can be utilized by readers
A section of the new cases involving Daubert challenges to economists
Includes methods on how to do industry research
A new section covering the equity risk premium and the various recent research studies, which set forth the debate on what the premium should be
Contains exhibits, tables, and graphs, new cases involving Dauber, how to do industry research, equity risk premium, research studies on the marketability discount, anti-trust, punitive damages, and more, Measuring Business Interruption Losses and Other Commercial Damages, Second Edition incorporates the relevant literature and research that has come out in this field over the past four years.
Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition carefully analyzes the strategies and motives that inspire M&As, the laws and rules that govern the field, as well as the offensive and defensive techniques of hostile acquisitions.
Incorporates updated research, graphs, and case studies on the private equity market, ethics, legal frameworks, and corporate governance
Expanded and updated chapters on corporate governance, joint ventures and strategic alliances and valuation
Expanded global treatment of the field of M&A
Shows business managers and financial executives how corporate restructuring can be used successfully in any company
Looks at the most effective offensive and defensive tactics in hostile bids
Reviews the impact on shareholder wealth on a variety of takeover actions
Packed with the most up-to-date research, graphs, and case studies, Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition provides a fresh perspective on M&As in today’s global business landscape.
The essential reference revised and updated.
The 1st edition of this book won of the Book of the Year Award in Accounting from the Association of American Publishers
Supplemented with numerous updated, international case studies, this new Fourth Edition helps novice and savvy business managers fully comprehend the issues, methods, motives, and techniques that shape today’s world of mergers, acquisitions, divestitures, and reorganizations. Providing a historical and practical perspective, it covers every aspect of a deal-from which kind of corporate restructuring is right for a corporation and the laws governing them to the financial analysis used by acquiring and target companies prior to signing the deal.
The most comprehensive and up-to-date guide to modern corporate restructuring techniques
Mergers and acquisitions are two of today’s most important competitive tools used by corporations in a rapidly changing global business landscape. In this new updated and revised Third Edition of his groundbreaking book-winner of the Book of the Year Award in its category from the Association of American Publishers-author, business valuations expert, and professor Patrick Gaughan illustrates how mergers, acquisitions, and other vital forms of restructuring can work for corporations. This University Edition includes review questions specifically designed for finance students and those studying for the MBA degree.
The first comprehensive guide to today’s most important corporate restructuring techniques
Mergers and acquisitions are among the most powerful tools in the ongoing campaign to build a new generation of companies with the power and resources to compete successfully on a global basis. In this groundbreaking book, Patrick Gaughan describes how mergers, acquisitions, and other important forms of corporate restructuring can work for your company. Practical, comprehensive, and highly accessible, Mergers, Acquisitions, and Corporate Restructurings:
• Covers all types of corporate restructuring, including mergers and acquisitions, divestitures, reorganizations, joint ventures, leveraged buyouts, and more
• Analyzes and incorporates relevant economic, legal, and corporate finance considerations
• Provides comprehensive coverage of the methods of business valuation for both public and private companies
• Addresses important strategic motivating factors that arise during the course of restructuring
• Describes the best offensive and defensive practices for hostile takeovers
• Reviews, in detail, the latest research and case studies in the field
This book features contributions by experts in the various areas in which economics and finance are applied to litigated matters. Chapters focus on product liability, commercial, securities, employment and personal injury litigation. In addition to being co-editor of this volume Dr. Gaughan has authored the chapter on the economics of punitive damages.
Navigate the complexities of this interdisciplinary field with confidence.
With Measuring Business Interruption Losses you’ll find overviews of research and practices in subfields of economics, giving you points of reference that you can use in working with a team of professionals. The book also applies a much-needed, cohesive framework to the study of forensic economics: the first half of the book reviews damages resulting from the interruption of a business’s operations; subsequent chapters then discuss related types of commercial damages. With this authoritative source you’ll quickly be able to:
Identify fraudulent claims and how to differentiate between the legitimate part of a lost profits claim and the inflated component
Provide expert opinion on the magnitude of damages and a detailed presentation that will hold up under scrutiny in the settlement negotiation process and, if necessary, in court.
Measuring Business Interruption Losses and Other Commercial Damages is your blueprint for expertly analyzing business interruption losses—and, ultimately, success in your practice.
A powerful guide for seeking out the best acquisition and merger targets.
As increasingly more companies look to mergers and acquisitions (M&As) as a source of new growth and revenue, there is an even greater chance that these M&As will go bad. This insightful guide focuses on one of the most often debated and key issues in mergers and acquisitions-why some deals fail miserably and why others prosper. It provides a complete road map for what potential buyers should look for when picking a target and what characteristics of sellers they should steer clear of, as well as pitfalls to avoid during the M&A process. Real-world examples are provided of high-profile failures-Quaker Oats, United Airlines, Sears, and Mattel-and high-profile successes-General Electric and Cisco.
Mergers, Acquisitions and Corporate Restructurings (Chinese Edition)
The 4th edition of Mergers, Acquisitions, and Corporate Restructurings is now available in Chinese.
ISBN for the Chinese translation is: 978-7-300-12465-0
Available for order at: www.crup.com.cn
Click here to communicate with Dr.Gaughan regarding customized consulting services and seminars in China.
Mergers, Acquisitions and Corporate Restructurings (Russian Edition)
Available in Russian
Click here to view the Table of contents in Russian.
Click here to communicate with Dr.Gaughan regarding customized consulting services and seminars in Russia.
This book is the first comprehensive, methodological book in this field. It sets forth the proper methodology that should be followed by experts when measuring commercial damages. It focuses on business interruption lawsuits, but also includes applications chapters in the areas of business valuation, intellectual property, securities and antitrust litigation.
This book consists of four modules which are designed to set forth the proper methodology for measuring damages and conducting economic analysis in four areas of litigation: Commercial Damages, Business Valuation, Personal Injury and Employment Litigation. Part of the purpose of the book is to establish Daubert standards for evaluating testimony in these respective areas. The book draws on the knowledge and capabilities of a diverse group of authorities from the academic community.
Winner of Book of the Year by the Association of American Publishers
The world of mergers and corporate restructuring has undergone dramatic change in the past several years. The highly leveraged, bust-up deals of the 1980s have been replaced by more strategically designed, less leveraged transactions. Today’s deals feature a wide variety of transactions that span the full spectrum from large megadeals to various forms of downsizing. While many of the characteristics of the 1980s are still relevant, other newer techniques have been developed and play a major role in today’s transactions.
In this book Patrick Gaughan takes a fresh look at mergers, acquisitions, and other valuable forms of corporate restructuring practices now in use and describes how they are currently being employed to revitalize and supercharge companies. Working from both practical and historical perspectives, he explains how each form works and the laws governing it in terms that business managers can understand. And perhaps, most importantly, he shows you how each form can be used to your company’s best advantage. This pragmatic and comprehensive book covers all types of corporate restructurings, including mergers and acquisitions, divestitures, spin-offs, joint ventures, leveraged buyouts, bankruptcy reorganizations and workouts, and recapitalizations. Incorporated throughout are detailed analyses of relevant economic, legal, and corporate finance considerations based on the latest research and case studies in the field. Dr. Gaughan also covers the whole range of strategic motivating factors that must be carefully considered during the course of a restructuring. He carefully explains the full range of successful offensive and defensive techniques that are relevant to hostile takeovers.
Co-editor: Robert J. Thornton
This book features various contributed pieces in the field of litigation economics. While not refereed articles, the contributions included in this book are selected based on potential readership interest, as well as, to provoke discussion in the field.
One of the first textbooks in the field of Mergers & Acquisitions. The book focuses on merger laws and strategy, as well as, the financing of deals. Also included, are chapters on merger tactics and the valuation of businesses