Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application
The conditions for doing business at this stage are often similar in a game in which you need to calculate your actions a few steps ahead. At the same time, it is important to highlight several possible current options and make the necessary decision at the control moment. Moreover, each of the opti...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2019-04-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11822/PPM_2019_01_Korolovych.pdf |
| _version_ | 1818152449820590080 |
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| author | Oksana Korolovych Olha Chabaniuk Natalia Ostapiuk Yurii Kotviakovskyi Nelia Gut |
| author_facet | Oksana Korolovych Olha Chabaniuk Natalia Ostapiuk Yurii Kotviakovskyi Nelia Gut |
| author_sort | Oksana Korolovych |
| collection | DOAJ |
| description | The conditions for doing business at this stage are often similar in a game in which you need to calculate your actions a few steps ahead. At the same time, it is important to highlight several possible current options and make the necessary decision at the control moment. Moreover, each of the options formed should be justified, understandable and take into account the risk factors and available resources.Today, the main problem of assessing and minimizing the risk of “unfriendly takeover” is due to the fact that in most cases the raider is a player who acts quite legitimately and relies on the loopholes of the current legislative framework. Therefore, it is easier to identify possible actions of the raider and to avoid them within the limits of the reverse game than to deal with the consequences.The purpose of the research is to study the specificity of the individualized assessment and minimization of the risk of “unfriendly takeover” by using elements of game theory.It has been taken into account that the effect of individualization in assessing the risk of unfriendly takeover of enterprises can possibly be achieved on the basis of the application of game theory, the elements of which provide simulation of the unfriendly takeover process within the mathematical description of the inherent combinations of attack/defence as if they actually occurred in time both within one state of the external environment and for their given set.The results allowed forming mathematical decision-making models based on the elements of the antagonistic game “raider-target enterprise” and “raider games with the external environment”, which proved the possibility to: 1) identify possible functions of wins/losses; 2) combinations of attacks that can be neglected (that is, from the point of view of the rationality of decisions, will be rejected by the raider); 3) the ranking of the raider’s “attack combinations” for the reliability of their use during “unfriendly takeover”. Under such conditions, the target company can provide not only a detailed assessment, but also an effective minimization of the risk of “unfriendly takeover” and allocate the best combination of protection. |
| first_indexed | 2024-12-11T13:54:54Z |
| format | Article |
| id | doaj.art-a6c4f17f3ca244caaa0ed449607fab2b |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-11T13:54:54Z |
| publishDate | 2019-04-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-a6c4f17f3ca244caaa0ed449607fab2b2022-12-22T01:04:07ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672019-04-0117137037910.21511/ppm.17(1).2019.3211822Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory applicationOksana Korolovych0Olha Chabaniuk1Natalia Ostapiuk2Yurii Kotviakovskyi3Nelia Gut4Ph.D., Associate Professor, Mukachevo State UniversityPh.D., Associate Professor, Accounting and Taxation department, Kyiv National Economic University Named after Vadym HetmanDoctor of Economic Sciences, Professor, Sopot High SchoolAssociate Professor, Law Faculty, Sumy National Agrarian UniversityPh.D., Assistant Professor, Department of Constitutional Law, Taras Shevchenko National University of KyivThe conditions for doing business at this stage are often similar in a game in which you need to calculate your actions a few steps ahead. At the same time, it is important to highlight several possible current options and make the necessary decision at the control moment. Moreover, each of the options formed should be justified, understandable and take into account the risk factors and available resources.Today, the main problem of assessing and minimizing the risk of “unfriendly takeover” is due to the fact that in most cases the raider is a player who acts quite legitimately and relies on the loopholes of the current legislative framework. Therefore, it is easier to identify possible actions of the raider and to avoid them within the limits of the reverse game than to deal with the consequences.The purpose of the research is to study the specificity of the individualized assessment and minimization of the risk of “unfriendly takeover” by using elements of game theory.It has been taken into account that the effect of individualization in assessing the risk of unfriendly takeover of enterprises can possibly be achieved on the basis of the application of game theory, the elements of which provide simulation of the unfriendly takeover process within the mathematical description of the inherent combinations of attack/defence as if they actually occurred in time both within one state of the external environment and for their given set.The results allowed forming mathematical decision-making models based on the elements of the antagonistic game “raider-target enterprise” and “raider games with the external environment”, which proved the possibility to: 1) identify possible functions of wins/losses; 2) combinations of attacks that can be neglected (that is, from the point of view of the rationality of decisions, will be rejected by the raider); 3) the ranking of the raider’s “attack combinations” for the reliability of their use during “unfriendly takeover”. Under such conditions, the target company can provide not only a detailed assessment, but also an effective minimization of the risk of “unfriendly takeover” and allocate the best combination of protection.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11822/PPM_2019_01_Korolovych.pdfpayment matrixunfriendly takeoverraidertarget enterprise |
| spellingShingle | Oksana Korolovych Olha Chabaniuk Natalia Ostapiuk Yurii Kotviakovskyi Nelia Gut Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application Problems and Perspectives in Management payment matrix unfriendly takeover raider target enterprise |
| title | Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application |
| title_full | Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application |
| title_fullStr | Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application |
| title_full_unstemmed | Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application |
| title_short | Effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises: the features of the game theory application |
| title_sort | effective decisions for individualized assessment and minimization of the risk of unfriendly takeover of enterprises the features of the game theory application |
| topic | payment matrix unfriendly takeover raider target enterprise |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11822/PPM_2019_01_Korolovych.pdf |
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