Analysis of Financing of LBO by Game Theory
FU Qiang~1,PENG Long-ze~1,ZHANG Tian-yong~2
DOI:10.11835/j.issn.1674-4764.2004.05.021
Received ,Revised June 16, 2004, Accepted , Available online July 01, 2015
Volume ,2004,Pages 96-100
- Abstract
Based on introducing the concept of Leveraged Buy-outs (LBO) briefly, in this paper, the basic characters of LBO are analyzed. The choice of payoff function and game process in financing game of LBO for both sides by asymmetric information dynamic game model are analyzed as well. Finally, the game equilibrium is gained and the means of some relative policies are discussed.