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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Jing Yu Bin Xu Yuanhua Wang |
| Copyright Year | 2009 |
| Description | Author affiliation: Research Center on Fictitious Economy & Data Science, CAS, Beijing, China (Jing Yu) || School of Accountancy, Central University of Finance and Economic, Beijing, China (Bin Xu) || School of Business,Beijing Institute of Clothing Technology, China (Yuanhua Wang) |
| Abstract | Though the price of M&A has already been studied based on classical NPV model, which is not adaptable for real uncertain situation. This paper presents a new approach of measuring the target enterprise value of M&A, consisting of two parts, one is measured by NPV model and another is measured by real options model, which can be integrated to calculate the target enterprise by introducing synergy effect coefficient into the developed model. The price of target enterprise can be attained by famous Rubenstein bargaining theorem which will be improved to be adapted to the fuzzy information surroundings. In last, a numeric simulation will be drawn to illustrate the application of price decision formulation, and the sensitivity of price will also be shown with the variability of parameters among the developed price-decision model. |
| Starting Page | 754 |
| Ending Page | 758 |
| File Size | 553417 |
| Page Count | 5 |
| File Format | |
| ISBN | 9781424448692 |
| DOI | 10.1109/IEEM.2009.5372927 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2009-12-08 |
| Publisher Place | China |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Fluctuations Corporate acquisitions Clothing Finance Game theory Information analysis improved Rubenstein bargaining theorem Content addressable storage Measurement units Pricing Numerical simulation synergy effect coefficient fuzzy information surroundings option game analyses |
| Content Type | Text |
| Resource Type | Article |
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