Playing at Acquisitions

Behavioral Option Games

Business & Finance, Economics, Consolidation & Merger, Finance & Investing, Finance
Cover of the book Playing at Acquisitions by Han Smit, Thras Moraitis, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Han Smit, Thras Moraitis ISBN: 9781400852178
Publisher: Princeton University Press Publication: January 18, 2015
Imprint: Princeton University Press Language: English
Author: Han Smit, Thras Moraitis
ISBN: 9781400852178
Publisher: Princeton University Press
Publication: January 18, 2015
Imprint: Princeton University Press
Language: English

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 tackles the myriad executive biases that infect decision making at every stage of the acquisition process, and the inadequacy of current valuation approaches to help mitigate these biases and more realistically represent value in uncertain environments.

Bringing together the latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express acquisition strategies as sets of real options, explicitly introducing uncertainty and future optionality into acquisition strategy design. It shows how to incorporate the competitive dynamics that exist in different acquisition contexts, acknowledge and even embrace uncertainty, identify the value of the real options embedded in targets, and more.

Rooted in economic theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their teams to derive value from their acquisition strategies, and is also an ideal resource for researchers and MBAs.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 tackles the myriad executive biases that infect decision making at every stage of the acquisition process, and the inadequacy of current valuation approaches to help mitigate these biases and more realistically represent value in uncertain environments.

Bringing together the latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express acquisition strategies as sets of real options, explicitly introducing uncertainty and future optionality into acquisition strategy design. It shows how to incorporate the competitive dynamics that exist in different acquisition contexts, acknowledge and even embrace uncertainty, identify the value of the real options embedded in targets, and more.

Rooted in economic theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their teams to derive value from their acquisition strategies, and is also an ideal resource for researchers and MBAs.

More books from Princeton University Press

Cover of the book The Theory of Taxation and Public Economics by Han Smit, Thras Moraitis
Cover of the book The Love of Strangers by Han Smit, Thras Moraitis
Cover of the book Perfect Me by Han Smit, Thras Moraitis
Cover of the book Quantitative Techniques for Competition and Antitrust Analysis by Han Smit, Thras Moraitis
Cover of the book Trustworthy Men by Han Smit, Thras Moraitis
Cover of the book The Mystery of the Invisible Hand by Han Smit, Thras Moraitis
Cover of the book GDP by Han Smit, Thras Moraitis
Cover of the book Baseball's All-Time Best Hitters by Han Smit, Thras Moraitis
Cover of the book The New York Nobody Knows by Han Smit, Thras Moraitis
Cover of the book Optimization by Han Smit, Thras Moraitis
Cover of the book Political Turbulence by Han Smit, Thras Moraitis
Cover of the book Action-minimizing Methods in Hamiltonian Dynamics (MN-50) by Han Smit, Thras Moraitis
Cover of the book The Princeton Handbook of Poetic Terms by Han Smit, Thras Moraitis
Cover of the book The Strength in Numbers by Han Smit, Thras Moraitis
Cover of the book The Qualities of a Citizen by Han Smit, Thras Moraitis
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy