자료유형 | E-Book |
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개인저자 | Smit, Han T. J., 1967-, author. Moraitis, Thras, 1963-, author. |
서명/저자사항 | Playing at acquisitions :behavioral option games /Han Smit and Thras Moraitis. |
형태사항 | 1 online resource (215 pages) |
소장본 주기 | eBooks on EBSCOhostAll EBSCO eBooks |
ISBN | 9781400852178 140085217X |
서지주기 | Includes bibliographical references and index. |
내용주기 | Cover; PLAYING AT ACQUISITIONS; Title; Copyright; Contents; LIST OF FIGURES; LIST OF TABLES; PREFACE; About This Book; Who Should Read This Book?; A New Strategic Valuation Approach as a Bridge between Theory and Practice; Academic Contribution and Features; A Guide through the Book; CHAPTER 1. LEARNING TO SEE, TO ADAPT TO, AND TO VALUE UNCERTAINTY; Learning to See Uncertainty; Learning to Adapt to Uncertainty ; Learning to Value Uncertainty; Summary; PART I. LEARNING TO SEE UNCERTAINTY; CHAPTER 2. HOW TO DE-BIAS VALUATION OVER THE CYCLE. Problem Diagnosis: Why Acquisitions Occur in Go/No-Go WavesAvoiding Irrational Infection of the Valuation Analysis; A Remedy for Uncertainty Neglect: Broaden Your Narrow View; Examples of Appropriate Real Options Thinking in Hot and Cold Deal Markets; Conclusions; CHAPTER 3. PLAYING AT SERIAL ACQUISITIONS: THE CASE OF VODAFONE; Six Potential Pitfalls in the Execution of a Serial Acquisition Strategy; Can Rational Analysis Discipline Strategy?; Dual Valuation of Growth Option Value to Avoid Irrational Infection; How to Use Option Games to Overcome Bidding Pitfalls; Conclusions. PART II. LEARNING TO ADAPT TO UNCERTAINTYCHAPTER 4. STRATEGY AS OPTIONS GAMES; Classifying Acquisition Options under Competition; Expressing a Buy-and Build Strategy as an Option Portfolio; Competition in the Bidding Game; Play Poker against Rivals Who Overshoot or Fall Asleep; Conclusions; CHAPTER 5. DUAL REAL OPTIONS VALUATION: THE XSTRATA CASE; Illustrative Example of the Dual Approach: Xstrata's Journey; Bottom-Up Framework: Xstrata's Serial Acquisitions; Top-Down Framework for Listed Companies: How Finance Can Enlighten Strategy; General Implications and Limitations; Conclusions. PART III. LEARNING TO VALUE UNCERTAINTYCHAPTER 6. OPTION GAMES VALUATION; Designing and Solving an Option Bidding Game; Quantifying the Optionality of the Falconbridge Episode; Conclusions: How Option Games Can Deliver Their Potential; CHAPTER 7. CONCLUSION AND IMPLICATIONS; Biases and Options Are Everywhere; The Problem: Selected Pitfalls in Acquisition Decision Making; The Solution: How Executives Can De-bias Their Acquisition Decisions; Selected Implications to Deal Rationally with One's Own Biases, Financial Markets, and "Irrational" Rivals; Empirical Evidence. Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX. |
요약 | It is widely accepted that a large proportion of acquisition strategies fail to deliver the expected value. Globalizing markets characterized by growing uncertainty, together with the advent of new competitors, are further complicating the task of valuing acquisitions. Too often, managers rely on flawed valuation models or their intuition and experience when making risky investment decisions, exposing their companies to potentially costly pitfalls. Playing at Acquisitions provides managers with a powerful methodology for designing and executing successful acquisition strategies. The book tack. |
일반주제명 | Consolidation and merger of corporations. Corporations -- Valuation. BUSINESS & ECONOMICS -- Industrial Management. BUSINESS & ECONOMICS -- Management. BUSINESS & ECONOMICS -- Management Science. BUSINESS & ECONOMICS -- Organizational Behavior. BUSINESS & ECONOMICS -- Finance. Consolidation and merger of corporations. Corporations -- Valuation. |
언어 | 영어 |
기타형태 저록 | Print version:Smit, Han T.J.Playing at Acquisitions : Behavioral Option Games.Princeton : Princeton University Press, 짤20159780691140001 |
대출바로가기 | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=852750 |
인쇄
No. | 등록번호 | 청구기호 | 소장처 | 도서상태 | 반납예정일 | 예약 | 서비스 | 매체정보 |
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1 | WE00008127 | 658.1/62 | 가야대학교/전자책서버(컴퓨터서버)/ | 대출가능 |