کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
4959743 | 1445958 | 2017 | 29 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Mergers and acquisitions between risk-averse parties
ترجمه فارسی عنوان
ادغام و ادغام بین احزاب ریسک پذیر
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کلمات کلیدی
مدیریت زنجیره تامین، ادغام و ادغام، خطر گریزی، معیار میانگین واریانس، نظریه بازی،
موضوعات مرتبط
مهندسی و علوم پایه
مهندسی کامپیوتر
علوم کامپیوتر (عمومی)
چکیده انگلیسی
This paper evaluates mergers and acquisitions (M&A) in a supply chain involving risk-averse parties. In contrast to prior literature, the analysis presented herein suggests that, because of risk considerations, different types of M&A can yield different outcomes. Specifically, we distinguish among three types of M&A arrangements-merger, forward acquisition and backward acquisition-and compare each arrangement to a decentralized supply chain (i.e., before M&A). We further analyze an application of M&A in the software industry. The expected utility gained by each party is examined under each type of M&A, and the effect of each type of M&A on the consumer is evaluated in terms of price and quality of the software product. We find that a merger yields higher expected utility to the parties and leads to higher product quality compared with forward and backward acquisitions; however, it may yield a higher price for the consumer. Moreover, we show that a decentralized supply chain can be more beneficial for the parties than a centralized supply chain (formed by acquisition).
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Journal of Operational Research - Volume 259, Issue 3, 16 June 2017, Pages 926-934
Journal: European Journal of Operational Research - Volume 259, Issue 3, 16 June 2017, Pages 926-934
نویسندگان
Tal Avinadav, Tatyana Chernonog, Yael Perlman,