FU Qiang~1, PENG Long-ze~1, ZHANG Tian-yong~2. Analysis of Financing of LBO by Game Theory[J]. Journal of Civil and Environmental Engineering, 2004, 26(5): 96-100.
FU Qiang~1, PENG Long-ze~1, ZHANG Tian-yong~2. Analysis of Financing of LBO by Game Theory[J]. Journal of Civil and Environmental Engineering, 2004, 26(5): 96-100. DOI: 10.11835/j.issn.1674-4764.2004.05.021.
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.