Game analyses on pricing decision of the target enterprise of M&A based on real option perspective under fuzzy surroundings
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

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...