ERIM Research Clinic: Real Options Games


Han Smit
  • Speaker
Erasmus School of Economics (ESE), Erasmus University Rotterdam

Event Information

Type
ERIM Research Clinic
Programme
Finance
Date
Mon. 4 Apr. 2011
Contact
Time
11:00-12:45 hours
E-mail
Location
T3-30
Number


Abstract

Corporate finance and corporate strategy have long been seen  as different sides of the same coin. Though both focus on the  same broad problem, investment decision-making, the gap  between the two sides--and between theory and  practice--remains  large. New developments in corporate  finance and related fields--in particular, real options and  game theory-- help bridge this gap.  This seminar follows a  problem-solving approach that synthesizes principles from  real options theory, game theory, and strategy for the  valuation  acquisitions. We explore new valuation techniques  and illustrate these techniques in a wide variety of real  life examples, ranging from going-private transactions,  auctions, to buy-and-build acquisition strategies.
 
Lecture literature:
Smit, J.T.J. & Moraitis, T. 2010. "Playing at Serial Acquisitions", California Management Review, 53(1), 56-89.
 
Back ground literature (not required):
 

Smit J.T.J. and L. Trigeorgis "Strategic Investment: Real  Options and Games", Princeton University Press, 2004. pup.princeton.edu/titles/7727.html

 
 
Contact information:
Miho Iizuka
Email
Miho Iizuka
Miho Iizuka
  • Coordinator