Playing at Acquisitions: Behavioral Option Games - Softcover

Über die Autorin bzw. den Autor

Han Smit is professor of corporate finance at Erasmus University Rotterdam. He is the coauthor of Strategic Investment: Real Options and Games (Princeton). Thras Moraitis is a cofounder of X2 Resources, a privately funded mining and metals investment vehicle.

Von der hinteren Coverseite

"This book brings together the best insights from strategy, corporate finance, and psychology to explore in a real, fine-grained, and practical way how to derive winning acquisition strategies using both real options and game theory to optimally time and leverage investments. It is a must-read for serious practitioners and those aiming to get into the game."--Dan Lovallo, University of California, Berkeley

"Smit and Moraitis are the first to incorporate behavioral biases into a book for M&A practitioners. Accessible yet theoretically rigorous, Playing at Acquisitions subdivides complex strategies into manageable building blocks and illustrates concepts through an in-depth study of a successful multistage acquisitions strategy. Highly recommended for corporate strategists and M&A professionals."--Carliss Y. Baldwin, Harvard Business School

"This accessible book provides important tools to enrich existing valuation techniques and teaches how to deal with economic uncertainty, strategic interaction between economic agents, and behavioral biases. Playing at Acquisitions blends state-of-the-art academic insight with a wealth of practical experience and real-world intuition."--Bart Lambrecht, University of Cambridge

"Playing at Acquisitions enables practitioners to move beyond intuition-based acquisition decisions. It invites readers to explore a series of case studies and real-life examples and guides them through the novel tools that are available to them, as well as the advantages and pitfalls of their use."--P. M. Kort, Tilburg University