上市公司并购的博弈方法研究

The Game of Listed Companies' Mergers and Acquisitions

上市公司并购是我国经济发展的必然要求,企业实施并购策略时面临极其复杂和动态的环境,是否并购及如何并购是摆在决策者面前非常重要的问题。博弈论是进行战略分析的有效工具,借助于博弈论的思想可以建立并购实施的基本模型,模型有利于企业设计科学的决策方案,充分考虑竞争对手和目标企业的影响,为成功并购奠定基础。

The Mergers ＆ Aequisitions （M＆A） of listed companies is the necessary demand of Chinese economic development. Enterprises face very complex and dynamic emvironment when implementing M＆A strategy. Whether a corporation should merge other companies or not and how to actualize M＆A is the most important issue that decision-makers have to solve.Games is an effective tool of strategic analysis. A basic model of implementing M＆A cart be built on the foundation for the game thoughts. The models is available for enterprises to design scientific decision - making schemes and consider the influence of competitors and target companies so as to merge other companies successfully.