摘要
在简要介绍杠杆收购概念的基础上,简单剖析了杠杆收购融资的基本特征,利用信号不对称动态博弈模型分析了杠杆收购融资博弈中双方支付函数的选择与博弈过程,获得了该博弈过程的均衡解,并讨论了相关政策含义。
Based on introducing the concept of Leveraged Buy-outs (LBO) briefly, in this paper, the basic characters of LBO are analyzed. The choice of payoff function and game process in financing game of LBO for both sides by asymmetric information dynamic game model are analyzed as well. Finally, the game equilibrium is gained and the means of some relative policies are discussed.
出处
《重庆建筑大学学报》
CSCD
2004年第5期96-100,共5页
Journal of Chongqing Jianzhu University
关键词
杠杆收购
融资
信号不对称
博弈
模型
leveraged buy-outs
financing
asymmetric information
game
model
