Research & Publication

We believe in the power of knowledge. Ray M&A regularly contributes to the academic and corporate community through cutting-edge research and high-impact publications focused on mergers and acquisitions.

Notable Publications on M&A

  • Book: "Mergers and Acquisitions: Strategy, Valuation and Integration" (2nd Ed.), 2023, 904 pages
  • “Modelling RWI and EOP Contracts to Mitigate M&A Valuation Risk” in Advances in M&A, vol.24, Emerald, UK, 2025 [Scopus Indexed] (forthcoming)
  • “Hostile Takeover: Who Benefits from Virtual Business Combination?” in Advances in M&A, vol.19, Emerald, UK, 2020 [Scopus Indexed]
  • “Seize the Synergy: Indian M&A Landscape” in Indian Management, vol.57(2), 2018
  • “Can SPACs Ensure M&A Success?” in Advances in M&A, vol.16, Emerald, UK, 2017 [Scopus Indexed]
  • “Configuring Management Buyouts to Ensure Value Fairness” in Advances in M&A, vol.14, Emerald, UK, 2015 [Scopus Indexed]
  • “Cross-Border Mergers and Acquisitions: Modelling Synergy for Value Creation” in Advances in M&A, vol.12, Emerald, UK, 2013 [Scopus Indexed]

Ongoing Research

  • ESG and Latent Value for M&A Deal Pricing
  • Does Perpetual Measurement Overestimate Perceived Synergy in M&A?