Abstract
Most economical and financial software applications should take into consideration the temporal aspect of these processes. Bi-temporal databases guarantees that the results may be always reproduced exactly as they were at some previous point in time. The concept of bi-temporal data is reviewed when designing model of the merger transaction database. Special attention is paid to the problem of late-arriving information. The Polish merger market is presented as an example.
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Notes
- 1.
National Court Register (pol. Krajowy Rejestr Sądowy—KRS).
- 2.
There are four main aggregated statistics of merger and acquisition market: announced, completed, withdrawn and backlog volumes. Their definitions can be found in Buczek [5].
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Buczek, A., Mercik, J. (2017). Bi-temporal Database Model for Legal Merger Transactions and Late-Arriving Information Problem: The Case of Polish Merger Market. In: Król, D., Nguyen, N., Shirai, K. (eds) Advanced Topics in Intelligent Information and Database Systems. ACIIDS 2017. Studies in Computational Intelligence, vol 710. Springer, Cham. https://doi.org/10.1007/978-3-319-56660-3_9
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DOI: https://doi.org/10.1007/978-3-319-56660-3_9
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