企业国际并购的实物期权模型

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摘要本文运用实物期权方法构造了一个数量决策模型,来分析国际并购过程的多阶段特性,并通过模型化分析找到了并购过程中各阶段的最优策略。笔者分析了在国际并购过程中的等待价值、潜在放弃价值以及真实价值之间的关系,并寻找到了一个均衡稳定解。本文还考察了谈判阶段中的询价策略。

作者李华东

机构地区中南大学商学院

出处《财经问题研究》 CSSCI 北大核心 2010年第11期125-128,共4页 Research On Financial and Economic Issues

基金 2009年湖南省哲学社会科学课题"中国企业国际市场进入模式选择研究"(08ybb046)

关键词企业国际并购多阶段并购实物期权

参考文献8

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财经问题研究

2010年第11期

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