A game-theoretic model for mergers and acquisitions
Article Abstract:
A parsimonious descriptive model is developed to represent the corporate merger process as a bargaining game under certainty. The model uses four parameters to estimate coefficients of incremental wealth valuation of acquiring and target companies. Distribution of gains between target and acquiring companies are explained such that they are consistent with the Nash-Kalai axioms. Empirical data from 24 recent corporate mergers is used to test its predictive power using an operational version of the game-theoretic model.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 1992
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Multicriteria decision analysis: some thoughts based on the tutorial and discussion sessions of the ESIGMA meetings
Article Abstract:
Activities of the EURO Special Interest Group on Multicriteria Analysis (ESIGMA) are investigated to gain more insights on the field of multicriteria decision analysis. Emphasis is on the most important and original contributions made by scientists participating in annual ESIGMA meetings, with reflections made on the conclusions of the discussions held during the group's 10 years of existence.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 1997
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Towards reconciling outranking and value measurement practice
Article Abstract:
Approaches to understanding multiple criteria decision making and its basic principles are analyzed.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2003
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