Playing at acquisitions :: behavioral option games /
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 fl...
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Hauptverfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Princeton :
Princeton University Press,
[2014]
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Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | 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 tack. |
Beschreibung: | 1 online resource (215 pages) |
Bibliographie: | Includes bibliographical references and index. |
ISBN: | 9781400852178 140085217X 1322245266 9781322245263 0691140006 9780691140001 |
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245 | 1 | 0 | |a Playing at acquisitions : |b behavioral option games / |c Han Smit and Thras Moraitis. |
264 | 1 | |a Princeton : |b Princeton University Press, |c [2014] | |
264 | 4 | |c ©2015 | |
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505 | 0 | |a Cover; 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. | |
504 | |a Includes bibliographical references and index. | ||
505 | 8 | |a Problem 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. | |
505 | 8 | |a PART 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. | |
505 | 8 | |a PART 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. | |
505 | 8 | |a Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX. | |
520 | |a 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 tack. | ||
546 | |a English. | ||
650 | 0 | |a Consolidation and merger of corporations. |0 http://id.loc.gov/authorities/subjects/sh85031293 | |
650 | 0 | |a Corporations |x Valuation. |0 http://id.loc.gov/authorities/subjects/sh85032956 | |
650 | 6 | |a Entreprises |x Fusion. | |
650 | 6 | |a Sociétés |x Évaluation. | |
650 | 7 | |a BUSINESS & ECONOMICS |x Industrial Management. |2 bisacsh | |
650 | 7 | |a BUSINESS & ECONOMICS |x Management. |2 bisacsh | |
650 | 7 | |a BUSINESS & ECONOMICS |x Management Science. |2 bisacsh | |
650 | 7 | |a BUSINESS & ECONOMICS |x Organizational Behavior. |2 bisacsh | |
650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
650 | 7 | |a Consolidation and merger of corporations |2 fast | |
650 | 7 | |a Corporations |x Valuation |2 fast | |
700 | 1 | |a Moraitis, Thras, |d 1963- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjtVjWmqCxBdfrD6g3VbwK |0 http://id.loc.gov/authorities/names/n2014039329 | |
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Datensatz im Suchindex
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author | Smit, Han T. J., 1967- Moraitis, Thras, 1963- |
author_GND | http://id.loc.gov/authorities/names/n2003115904 http://id.loc.gov/authorities/names/n2014039329 |
author_facet | Smit, Han T. J., 1967- Moraitis, Thras, 1963- |
author_role | aut aut |
author_sort | Smit, Han T. J., 1967- |
author_variant | h t j s htj htjs t m tm |
building | Verbundindex |
bvnumber | localFWS |
callnumber-first | H - Social Science |
callnumber-label | HD2746 |
callnumber-raw | HD2746.5 .S644 2015 |
callnumber-search | HD2746.5 .S644 2015 |
callnumber-sort | HD 42746.5 S644 42015 |
callnumber-subject | HD - Industries, Land Use, Labor |
collection | ZDB-4-EBA |
contents | Cover; 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. Problem 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. PART 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. PART 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. Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX. |
ctrlnum | (OCoLC)894790127 |
dewey-full | 658.1/62 |
dewey-hundreds | 600 - Technology (Applied sciences) |
dewey-ones | 658 - General management |
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dewey-search | 658.1/62 |
dewey-sort | 3658.1 262 |
dewey-tens | 650 - Management and auxiliary services |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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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.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">PART 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.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">PART 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.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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. 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id | ZDB-4-EBA-ocn894790127 |
illustrated | Not Illustrated |
indexdate | 2024-11-27T13:26:18Z |
institution | BVB |
isbn | 9781400852178 140085217X 1322245266 9781322245263 0691140006 9780691140001 |
language | English |
oclc_num | 894790127 |
open_access_boolean | |
owner | MAIN DE-863 DE-BY-FWS |
owner_facet | MAIN DE-863 DE-BY-FWS |
physical | 1 online resource (215 pages) |
psigel | ZDB-4-EBA |
publishDate | 2014 |
publishDateSearch | 2014 |
publishDateSort | 2014 |
publisher | Princeton University Press, |
record_format | marc |
spelling | Smit, Han T. J., 1967- author. https://id.oclc.org/worldcat/entity/E39PCjxXK8dxgX6W4FTc7dYF8C http://id.loc.gov/authorities/names/n2003115904 Playing at acquisitions : behavioral option games / Han Smit and Thras Moraitis. Princeton : Princeton University Press, [2014] ©2015 1 online resource (215 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Cover; 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. Includes bibliographical references and index. Problem 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. PART 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. PART 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. Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX. 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 tack. English. Consolidation and merger of corporations. http://id.loc.gov/authorities/subjects/sh85031293 Corporations Valuation. http://id.loc.gov/authorities/subjects/sh85032956 Entreprises Fusion. Sociétés Évaluation. BUSINESS & ECONOMICS Industrial Management. bisacsh BUSINESS & ECONOMICS Management. bisacsh BUSINESS & ECONOMICS Management Science. bisacsh BUSINESS & ECONOMICS Organizational Behavior. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Consolidation and merger of corporations fast Corporations Valuation fast Moraitis, Thras, 1963- author. https://id.oclc.org/worldcat/entity/E39PCjtVjWmqCxBdfrD6g3VbwK http://id.loc.gov/authorities/names/n2014039329 has work: Playing at acquisitions (Text) https://id.oclc.org/worldcat/entity/E39PCGkkgKgBCFcMBdKvJ7JvH3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Smit, Han T.J. Playing at Acquisitions : Behavioral Option Games. Princeton : Princeton University Press, ©2015 9780691140001 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=852750 Volltext 246-00/$1 汐祡湩瑡䄠煣極楳楴湯 |
spellingShingle | Smit, Han T. J., 1967- Moraitis, Thras, 1963- Playing at acquisitions : behavioral option games / Cover; 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. Problem 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. PART 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. PART 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. Promising Future Research DirectionsBroaden Your View with Option Games; BIBLIOGRAPHY; INDEX. Consolidation and merger of corporations. http://id.loc.gov/authorities/subjects/sh85031293 Corporations Valuation. http://id.loc.gov/authorities/subjects/sh85032956 Entreprises Fusion. Sociétés Évaluation. BUSINESS & ECONOMICS Industrial Management. bisacsh BUSINESS & ECONOMICS Management. bisacsh BUSINESS & ECONOMICS Management Science. bisacsh BUSINESS & ECONOMICS Organizational Behavior. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Consolidation and merger of corporations fast Corporations Valuation fast |
subject_GND | http://id.loc.gov/authorities/subjects/sh85031293 http://id.loc.gov/authorities/subjects/sh85032956 |
title | Playing at acquisitions : behavioral option games / |
title_auth | Playing at acquisitions : behavioral option games / |
title_exact_search | Playing at acquisitions : behavioral option games / |
title_full | Playing at acquisitions : behavioral option games / Han Smit and Thras Moraitis. |
title_fullStr | Playing at acquisitions : behavioral option games / Han Smit and Thras Moraitis. |
title_full_unstemmed | Playing at acquisitions : behavioral option games / Han Smit and Thras Moraitis. |
title_short | Playing at acquisitions : |
title_sort | playing at acquisitions behavioral option games |
title_sub | behavioral option games / |
topic | Consolidation and merger of corporations. http://id.loc.gov/authorities/subjects/sh85031293 Corporations Valuation. http://id.loc.gov/authorities/subjects/sh85032956 Entreprises Fusion. Sociétés Évaluation. BUSINESS & ECONOMICS Industrial Management. bisacsh BUSINESS & ECONOMICS Management. bisacsh BUSINESS & ECONOMICS Management Science. bisacsh BUSINESS & ECONOMICS Organizational Behavior. bisacsh BUSINESS & ECONOMICS Finance. bisacsh Consolidation and merger of corporations fast Corporations Valuation fast |
topic_facet | Consolidation and merger of corporations. Corporations Valuation. Entreprises Fusion. Sociétés Évaluation. BUSINESS & ECONOMICS Industrial Management. BUSINESS & ECONOMICS Management. BUSINESS & ECONOMICS Management Science. BUSINESS & ECONOMICS Organizational Behavior. BUSINESS & ECONOMICS Finance. Consolidation and merger of corporations Corporations Valuation |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=852750 |
work_keys_str_mv | AT smithantj playingatacquisitionsbehavioraloptiongames AT moraitisthras playingatacquisitionsbehavioraloptiongames |