ERIM Research Clinic: Real Options Games
Speaker
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. http://pup.princeton.edu/titles/7727.html |
| Contact information: |
| Miho Iizuka |
