TASK 1: Building Empirical Evidence Each team should choose one (different) article below to read: - The rationality of M\&A targets in the choice of payment methods Klitzka, He, and Schiereck (2022) - Market sentiment and the choice of payment method in mergers and acquisitions Tsai, Yen, Ho, and Tsai (2021) - The Choice of Payment Method in European Mergers and Acquisitions Faccio and Masulis (2005) NB: You don't need to read the whole article; focus on the introduction, hypotheses and conclusion. For your chosen article, answer the following questions: 1. What is the paper's main result, i.e., what are the key determinants in the choice of payment method? 2. How can you use this result to "inform" your answer to question 5 of the Group Project? For information, Q5 reads: "Considering the current capital structure and financial statements of both the acquirer and the target, propose an informed solution for financing this acquisition. For instance, can the acquirer take on any more debt? Is this beneficial for them? Or should they pay with cash and/or equity? Why or why not?" Post your team answer below (dearly identifying the article you are reviewing + all contributing team members). TASK 2: Compare and Contrast Arguments Within your team: - compare your answer with one other post (where students reviewed a different article) - reply to their post explaining whether, how and why the results are similar or different