%0 Journal Article
%T Game analyses on pricing decision of the target enterprise of M&A based on real option perspective under fuzzy surroundings<br>模糊信息环境下基于期权视角的兼并价格确定的博弈分析
%A YU Jing
%A XU Bin
%A <br>俞静
%A 徐斌
%J 系统工程理论与实践
%D 2010
%I 
%X This paper presents a new approach of measuring the target enterprise value of M&A.consisting of two parts which are NPV based intrinsic value and real options based implied value respectively.The price of target enterprise can be achieved by using famous Rubenstein bargaining theorem which is improved to fit the fuzzy surroundings based on credibility theorem.Then the real option executive time problem will farther be discussed in detail.In last,some numeric simulations and case study are designed to illus...
%K fuzzy surroundings
%K improved Rubinstein bargaining theorem
%K option analyses
%K game analyses
%K M&A synergy effect coefficient
%K option executive time<br>模糊信息
%K 改进的Rubinstein定理
%K 期权分析
%K 博弈分析
%K 兼并协同系数
%K 期权执行时间
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=ECC0A1E7FD7CBD04FE2C62814BECB29F&yid=140ECF96957D60B2&vid=340AC2BF8E7AB4FD&iid=94C357A881DFC066&sid=AC3946AB81989513&eid=849A5A9D85EBE6D4&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=15