arrow
返回

Serial Acquisition Options

delete2010-02-01
delete15
PRE
AI
H
Han Smit *
DOI:10.1016/j.lrp.2009.10.001delete
delete原文链接
delete原文求助
delete分享
delete收藏
摘要

摘要

En 中文
This article demonstrates the appropriateness of a real options mindset when valuing and selecting from strategic merger and acquisition alternatives as part of a serial consolidation strategy. Considering acquisitions as options can add significant insight to an adaptive and 'opportunistic' strategy, as the currently-envisioned acquisition trajectory is not regarded as static, but allows for the dynamic revision of targets and periodic adjustments in the number and pattern of investments, depending on market growth or unexpected adverse external developments. The proposed approach highlights how platform acquisitions effectively change the universe of future acquisition opportunities available to the firm and also to its competitors. Most importantly, it provides a framework for directly integrating finance and acquisition strategy in an uncertain environment. (C) 2009 Elsevier Ltd All rights reserved
Keyword:
REAL OPTIONS
STRATEGY
INVESTMENT
CHOICE
RISK
AI总结

AI总结

对已上传原文的论文进行重点信息的提取,主要内容包括:简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。

期刊

Long Range Planning 封面图
Long Range Planning
IF:
6.3
论文数:
3.1K
被引数:
8.8K

机构

E
Erasmus University Rotterdam
学者数:
4.6W
论文数: 4.0W
被引数: 2.4W
引用论文

引用论文

Short-term Load Forecasting Using Improved Similar Days Method
err2010-01-01
err0
PREAI
errQingqing Mu; Yonggang Wu; Xiaoqiang Pan; Liangyi Huang; Xian Li
err分享
err收藏
Cardiac Hydatid Cysts:.
err2004-07-01
err0
errOAAI
errVedat Erentug; Nilgun Bozbuga; Kaan Kirali; Ilker Mataraci; Cihangir Kaymaz; Mehmet Balkanay; Esat Akinci; Gokhan Ipek; Cevat Yakut
err分享
err收藏
THE NEW COMPETITIVE LANDSCAPE
err1995-01-01
err620
PREAI
errBETTIS, RA; HITT, MA
err分享
err收藏
err分享
err收藏
err分享
err收藏
学者 查看更多内容