會員登入
會員帳號
會員密碼
 
回首頁 網站導覽 電子報 案例解析 行事曆 聯絡我們 English
標題圖:知識專區
首頁 > 知識專區 > 專業詞彙
專業詞彙
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Wealth transfer
The gain of one type of stakeholder in relation to the associated losses of other stakeholders.

Weighted-average marginal cost of capital (WACC)
The relevant discount rate or investment hurdle rate based on targeted capital structure proportions.

White knight
A more acceptable merger partner sought out by the target of a hostile bidder.

White squire
A third party friendly to management who helps a company avoid an unwanted takeover without taking over the company on its own.

Williams Act of 1968
Federal legislation designed to protect target shareholders from swift and secret takeovers in three ways: (1) Generating more information during the takeover process; (2) requiring minimum period for tender offer to remain open; (3) authorizing targets to sue bidders.

Winner's curse
The tendency that in a bidding contest or in some types of auctions, the winner is the bidder with the highest (overly optimistic) estimate of value. This explains the high frequency of negative returns to acquiring firms in takeovers with multiple bidders.

WOTS UP
Acronym for Weaknesses, Opportunities, Threats, and Strengths; a technique to identify these key elements as part of the alternative process used to develop strategy.

 

資料來源:J. Fred Weston, Mark L. Mitchell, and J. Harold Mulherin, “Takeovers, Restructuring, and Corporate Governance”, Forth Edition, Pearson Educational International

back top