کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
982346 | 1480477 | 2007 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Takeover auctions with actively participating targets
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
This paper provides an analysis of takeover auctions in which target firms actively participate by changing their reserve prices. It considers a takeover auction as an affiliated value English auction with flexible reserve price and discusses how the degree of value affiliation affects the bidding strategies and the degree of competition in takeover auctions. It makes comparative analysis of three different designs of English auctions and shows that a takeover auction is dominated by one of the English auctions with fixed reserve price.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 47, Issue 2, May 2007, Pages 293-311
Journal: The Quarterly Review of Economics and Finance - Volume 47, Issue 2, May 2007, Pages 293-311
نویسندگان
Yuri Khoroshilov, Anna Dodonova,