Darryl Laws
Each will possess firsthand experience in working with and dealing with irrational human behavior; particularly buyside CEOs exhibiting overconfidence and hubris as well as private equity fund managers (buyside) irrational exuberance.
Questionnaire bias will be minimized by the use of non-technical jargon and clear concise questions.
Non-response error and bias will be mitigated by providing the electronic respondent with an “user ID” and the storage of their response and all data on my firm’s private servers. Telephonic follow up will be used to contact these individuals to prompt their response.
Interviewer bias will be obviated by the use of a web-based questionnaire.
Systematic error will be reduced by the questionnaire construct not being skedded toward anyone type of measurement.
The construct of my questionnaire avoids dichotomous questions and balances between open-ended and closed ended questions.
There are no forced choices in my questionnaire. I include a neutral undecided option.
My questions are topically grouped so as to retain focus of the respondents.
Procedures to gain access to my sample: To gain access to my sample I have designed my data collection procedure and protocol that employs the use of a web-based questionnaire in which respondents interact with the survey through their respective Internet browser for easy access via a URL link to the survey (Dillman, 2014).
My initial contact will be made telephonically to each of the fifteen (15) participants that have been selected from a list of private equity fund managers, M&A investment bankers and M&A attorneys that are known to me as well as a few that have been introduced to me by mutual business contacts. Note: Five (5) of these elite purposefully selected participants previously responded to my Field Research questionnaire and gave me personal interviews with them for Ann Feyerherm’s class.
Phone contact will be followed by my sending each participant an e-mail containing an IRB Consent Form for the participants execution and return.
Subsequent to my receipt of the IRB Consent Form I will send the participant an e-mail containing the URL link that gives them access to the welcome page for the survey.
Survey Implementation. Phase 1 – Survey Questionnaire (Quantitative) – entails the distribution via a mixed-modes, web-based survey with e-mail and telephonic follow-up on response to the survey questionnaire issued (pgs. 18-24 herein) to a sample of fifteen (15) elite purposeful selected experts (nonprobability sampling technique) M&A professionals participants whom will be given a list of twenty-three (23) questions that will be assessed by a five (5) point Likert Scale to measure opinions and behaviors derived from the survey instrument. The survey instrument will extract quantitative (numerical) descriptions of: trends, attitudes and test the relationship amongst variables (Creswell, 2018) such as the opinions of irrational behavior of CEOs and PE fund M&A professionals (Independent variables) on the premium price paid to purchase or sell of a company (Dependent variable), and predictive relationships between variables overtime.
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