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Playing at Serial Acquisitions (2010) Open access

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Titel Playing at Serial Acquisitions
Gepubliceerd in California Management Review, Vol. 53, No. 1, p.56-89. ISSN 0008-1256.
Auteur Smit, J.T.J. (Han); Moraitis, T. (Thras)
Datum 2010-09-01
Trefwoord(en) competition, decision making, uncertainty, executives, securities markets, business planning, acquisition (serials), executive ability
Taal Engels
Type artikel
Samenvatting Behavioral biases can result in suboptimal acquisition decisions-with the potential for errors exacerbated in consolidating industries, where consolidators design serial acquisition strategies and fight escalating takeover battles for platform companies that may determine their future competitive position. To guide objective managerial judgment, and to rationally anticipate the irrational behavior of rival bidders or financial markets, this article proposes a modified option-game toolkit for serial acquisition strategy. It brings together insights from both strategy and finance, which quantify acquisition strategies, thus allowing executives to make rational intuitive decisions under uncertainty.
Publicatie http://hdl.handle.net/1765/22264
Persistent Identifier urn:NBN:nl:ui:15-1765/22264
Metadata XML
Repository Erasmus Universiteit Rotterdam
Erasmus Universiteit Rotterdam

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