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 Rethinking Private Authority by Han Smit, Thras Moraitis
Cover of the book Reasons without Rationalism by Han Smit, Thras Moraitis
Cover of the book The Shape of the Signifier by Han Smit, Thras Moraitis
Cover of the book Identity Crisis by Han Smit, Thras Moraitis
Cover of the book Spatiotemporal Data Analysis by Han Smit, Thras Moraitis
Cover of the book What We Owe Iraq by Han Smit, Thras Moraitis
Cover of the book Financial Crises, Liquidity, and the International Monetary System by Han Smit, Thras Moraitis
Cover of the book Collected Works of C.G. Jung, Volume 13 by Han Smit, Thras Moraitis
Cover of the book 1177 B.C. by Han Smit, Thras Moraitis
Cover of the book Collected Works of C.G. Jung, Volume 4 by Han Smit, Thras Moraitis
Cover of the book Lost Colony by Han Smit, Thras Moraitis
Cover of the book Islam and the Challenge of Democracy by Han Smit, Thras Moraitis
Cover of the book Dining Posture in Ancient Rome by Han Smit, Thras Moraitis
Cover of the book The Hedgehog and the Fox by Han Smit, Thras Moraitis
Cover of the book Cape Cod 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