Title :
The Research on Technical M&A Pricing Based on Real Option Method
Author :
Chen, Haisheng ; Wang, Xiao ; Gu, Tuanli
Author_Institution :
Sch. of Bus. & Adm., South China Univ. of Technol., China
Abstract :
After introduced the concept and the characters of technical merger and acquisition (abbreviated as M&A below), this article discussed the pricing of technical M&A with the real option method. The growth option pricing model and cooperative option pricing model were put forward to fit to the pricing of technical M&A. We also discussed how to apply these models by case study.
Keywords :
corporate acquisitions; pricing; cooperative option pricing model; growth option pricing model; merger and acquisition pricing; real option method; Binary trees; Companies; Corporate acquisitions; Fuzzy systems; Investments; Pricing; Research and development; Stochastic processes; Technological innovation; Uncertainty; Pricing; Real Option; Technical M&A;
Conference_Titel :
Fuzzy Systems and Knowledge Discovery, 2009. FSKD '09. Sixth International Conference on
Conference_Location :
Tianjin
Print_ISBN :
978-0-7695-3735-1
DOI :
10.1109/FSKD.2009.458
