자료유형  

 단행본

Control Number  

n894790127

International Standard Book Number  

9781400852178 (electronic bk.)

International Standard Book Number  

140085217X (electronic bk.)

International Standard Book Number  

9780691140001

Library of Congress Call Number  

HD2746.5-.S644 2015

Dewey Decimal Classification Number  

658.1/62-23

Main Entry-Personal Name  

Smit, Han T. J. , 1967-

Physical Description  

1 online resource (215 pages)

Formatted Contents Note  

완전내용Cover; 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.

Bibliography, Etc. Note  

Includes bibliographical references and index.

Formatted Contents Note  

완전내용Problem 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.

Formatted Contents Note  

완전내용PART 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.

Formatted Contents Note  

완전내용PART 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.

Formatted Contents Note  

완전내용Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX.

Summary, Etc.  

요약It 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.

Subject Added Entry-Topical Term  

Consolidation and merger of corporations

Subject Added Entry-Topical Term  

Corporations Valuation

Subject Added Entry-Topical Term  

BUSINESS & ECONOMICS Industrial Management.

Subject Added Entry-Topical Term  

BUSINESS & ECONOMICS Management.

Subject Added Entry-Topical Term  

BUSINESS & ECONOMICS Management Science.

Subject Added Entry-Topical Term  

BUSINESS & ECONOMICS Organizational Behavior.

Subject Added Entry-Topical Term  

BUSINESS & ECONOMICS Finance.

Subject Added Entry-Topical Term  

Consolidation and merger of corporations.

Subject Added Entry-Topical Term  

Corporations Valuation.

Added Entry-Personal Name  

Moraitis, Thras , 1963-

Additional Physical Form Entry  

Print versionSmit, Han T.J. Playing at Acquisitions : Behavioral Option Games. Princeton : Princeton University Press, ©2015 9780691140001

Electronic Location and Access  

로그인을 한후 보실 수 있는 자료입니다.

Control Number  

joongbu:499417