Title :
Research on Enterprise´s Transnational Merger and Acquisition Risks under Asymmetric Information
Author :
An Shiquan ; Zhu Ting
Author_Institution :
Chongqing Univ. of Posts & Telecommun. Inst., Chongqing, China
Abstract :
March 18th, 2009, Ministry of Commerce officially announced that they overruled the transnational merger and acquisition between Coca-Cola and Huiyuan. In this article, I believe that the main source of M&A risk is the information asymmetry, so we will combine the case Coca-Cola and Huiyuan´s transnational merger and acquisition, and explore the risks under asymmetric information. The paper focuses on the pricing risk of asymmetric information and introduces the signaling game theory. At the end, some preventive measures are given.
Keywords :
corporate acquisitions; game theory; risk management; Coca-Cola; Huiyuan; asymmetric information; corporate acquisition; enterprise transnational merger; game theory; pricing risk; risk assessment; Business; Corporate acquisitions; Game theory; Pricing; Reflection; Risk management; Share prices; Voting;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5304511