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Author: Patrick McColgan Publisher: ISBN: Category : Languages : en Pages : 52
Book Description
This study documents the operational and financial responses of UK companies that experienced a large decline in operating performance between 1992 and 1998. We present evidence showing that firms downsized by selling divisions, withdrawing from lines of business, reducing employment levels, and, in some cases, expanding, in response to the performance shock. Higher leverage, and in particular short-term leverage, increased the likelihood of downsizing. Whilst there is no evidence that board structure plays an important role in firm responses, external control threats appear to increase the likelihood of downsizing, forced CEO turnover, and rates of director removals and appointments. Issues of new equity play a role in board restructuring but also provide more funds for managers to expand their operations. Finally, sample matching techniques provide limited evidence of increases in operating performance following various corporate restructuring actions.
Author: Patrick McColgan Publisher: ISBN: Category : Languages : en Pages : 52
Book Description
This study documents the operational and financial responses of UK companies that experienced a large decline in operating performance between 1992 and 1998. We present evidence showing that firms downsized by selling divisions, withdrawing from lines of business, reducing employment levels, and, in some cases, expanding, in response to the performance shock. Higher leverage, and in particular short-term leverage, increased the likelihood of downsizing. Whilst there is no evidence that board structure plays an important role in firm responses, external control threats appear to increase the likelihood of downsizing, forced CEO turnover, and rates of director removals and appointments. Issues of new equity play a role in board restructuring but also provide more funds for managers to expand their operations. Finally, sample matching techniques provide limited evidence of increases in operating performance following various corporate restructuring actions.
Author: Bjørn Espen Eckbo Publisher: Academic Press ISBN: 0123846900 Category : Business & Economics Languages : en Pages : 1088
Book Description
A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, the 600 pages of volume two, "Bidding Strategies, Financing, and Corporate Control", focus on a range of special topics, ranging from theories and evidence on strategic bidding behavior (offer premiums, toeholds, bidder competition, winner's curse adjustments, and managerial overconfidence), issues arising when bidding for targets in bankruptcy auctions, effects of deal protection devices (termination agreements, poison pills), role of large shareholder voting in promoting takeover gains, deal financing issues (such as raising the cash used to pay for the target), managerial incentive effects of takeovers, governance spillovers from cross-border mergers, and returns to merger arbitrage. Including an index and new introduction, this volume will simplify and facilitate students' interaction with new concepts and applications. - Provides a status report about modern scientific evidence on corporate takeovers - Exposes students to new methods and empirical evidence while reading high quality primary material - Offers a concise and cost-efficient package of journal and book articles for advanced corporate finance students
Author: Claudia Curi Publisher: Springer Nature ISBN: 3030495736 Category : Business & Economics Languages : en Pages : 84
Book Description
In a new world characterized by more frequent and rich flows of information, with more efficient and plenty of available external capital, how will the – simultaneous – investment and divestment decisions be affected? This book thoroughly covers the main features and relevance of asset sales as an integral component of many companies’ growth strategies in the current and continually evolving corporate finance eco-system. After an introductory section on the relevance of asset sales in corporations (both non-financial and financial), it discusses the corporate asset market and the mechanisms of asset sale transactions. The focus then turns to the theory of finance in asset sales (the efficiency and financing theory) and the extensive empirical literature now available. In light of recent and rapid technological and digital advances, a concluding section presents new perspectives on analyzing asset sales transactions. Chiefly intended as a primer for PhD students and academics, the book offers roadmaps for the empirical research landscape and suggests future research directions.
Author: DIWAKAR EDUCATION HUB Publisher: DIWAKAR EDUCATION HUB ISBN: Category : Antiques & Collectibles Languages : en Pages : 491
Book Description
MCQs Highlights - 1. Complete Units Cover Include All 10 Units Question Answer 2. 400 Practice Question Answer Each Unit 3. Total 4000 + Practice Question Answer 4. Try to take all topics MCQ 5. Include Oriented & Most Expected Question Answer 6. As Per the New Updated Syllabus 7. All Question With Answer & Explanations For More Details Call 7310762592
Author: Jon R. Katzenbach Publisher: Harvard Business Review Press ISBN: 1633691039 Category : Business & Economics Languages : en Pages : 71
Book Description
In The Discipline of Teams, Jon Katzenbach and Douglas Smith explore the often counter-intuitive features that make up high-performing teams—such as selecting team members for skill, not compatibility—and explain how managers can set specific goals to foster team development. The result is improved productivity and teams that can be counted on to deliver more than just the sum of their parts. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Author: Richard R. Ellsworth Publisher: Stanford University Press ISBN: 0804743851 Category : Business & Economics Languages : en Pages : 423
Book Description
An exploration of corporate purpose - a company's expressed overriding reason for existing - and its effect upon strategy, executive leadership, employees, and ultimately, on competitive performance. It argues that the path to financial success lies in a customer-focused corporate purpose.
Author: Thomas Wittig Publisher: Springer ISBN: 3658163860 Category : Business & Economics Languages : en Pages : 417
Book Description
Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the study’s insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation.
Author: Patrick McColgan
Author: Patrick McColgan
Author: Bjørn Espen Eckbo
Author: Claudia Curi
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Author: 
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Author: DIWAKAR EDUCATION HUB
Author: Jon R. Katzenbach
Author: Richard R. Ellsworth
Author: Thomas Wittig