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Author: Carmine Gioia Publisher: ISBN: Category : Languages : en Pages :
Book Description
The purpose of this paper is to derive and test several hypotheses on the characteristics of Danish acquisitions during the period from 1993 to 1996, and to try to estimate a statistical model for prediction of acquisition targets. We use binary and multinomial logit models, with variables expressed on firm and industry level. The sample covers a broad cross section of firms of different sizes and in different industries. In the period from 1993 to 1996 our results characterize targets as poor performing and financially distressed units when compared to their industry average, and to the control group of non merging companies. The findings are in support of the inefficient management hypothesis and to the more general view that acquisitions can serve as the managerial discipline device. These findings shed also some lights on the possibility of considering mergers and acquisitions as an alternative for bankruptcy avoidance. Acquirers are identified as companies in need for growth opportunities and better profitability. The models are tested for prediction accuracy on a holdout sample of firms in year 1997.
Author: Carmine Gioia Publisher: ISBN: Category : Languages : en Pages :
Book Description
The purpose of this paper is to derive and test several hypotheses on the characteristics of Danish acquisitions during the period from 1993 to 1996, and to try to estimate a statistical model for prediction of acquisition targets. We use binary and multinomial logit models, with variables expressed on firm and industry level. The sample covers a broad cross section of firms of different sizes and in different industries. In the period from 1993 to 1996 our results characterize targets as poor performing and financially distressed units when compared to their industry average, and to the control group of non merging companies. The findings are in support of the inefficient management hypothesis and to the more general view that acquisitions can serve as the managerial discipline device. These findings shed also some lights on the possibility of considering mergers and acquisitions as an alternative for bankruptcy avoidance. Acquirers are identified as companies in need for growth opportunities and better profitability. The models are tested for prediction accuracy on a holdout sample of firms in year 1997.
Author: Anol Bhattacherjee Publisher: CreateSpace ISBN: 9781475146127 Category : Science Languages : en Pages : 156
Book Description
This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.
Author: Paul C. Cozby Publisher: WCB/McGraw-Hill ISBN: Category : Psychology Languages : en Pages : 300
Book Description
For undergradute social science majors. A textbook on the interpretation and use of research. Annotation copyright Book News, Inc. Portland, Or.
Author: Emmanuel O. Kumah Publisher: International Monetary Fund ISBN: 1451873891 Category : Business & Economics Languages : en Pages : 75
Book Description
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally applicable and find that the choice of valuation method and estimation technique can have a highly significant impact on the international investment position, pointing to the need for further harmonization. The results show that the price-to-book value method generates more robust market value estimates than the price-to-earnings method. This finding suggests that the valuation basis for the forthcoming Coordinated Direct Investment Survey - own funds at book value -will provide useful information for compiling the international investment position.
Author: Partha Dasgupta Publisher: World Bank Publications ISBN: 9780821350041 Category : Political Science Languages : en Pages : 438
Book Description
This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Author: Ioannis Nicolaos Kessides Publisher: World Bank Publications ISBN: Category : Business & Economics Languages : en Pages : 328
Book Description
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Author: National Research Council Publisher: National Academies Press ISBN: 0309154006 Category : Science Languages : en Pages : 246
Book Description
A respected resource for decades, the Guide for the Care and Use of Laboratory Animals has been updated by a committee of experts, taking into consideration input from the scientific and laboratory animal communities and the public at large. The Guide incorporates new scientific information on common laboratory animals, including aquatic species, and includes extensive references. It is organized around major components of animal use: Key concepts of animal care and use. The Guide sets the framework for the humane care and use of laboratory animals. Animal care and use program. The Guide discusses the concept of a broad Program of Animal Care and Use, including roles and responsibilities of the Institutional Official, Attending Veterinarian and the Institutional Animal Care and Use Committee. Animal environment, husbandry, and management. A chapter on this topic is now divided into sections on terrestrial and aquatic animals and provides recommendations for housing and environment, husbandry, behavioral and population management, and more. Veterinary care. The Guide discusses veterinary care and the responsibilities of the Attending Veterinarian. It includes recommendations on animal procurement and transportation, preventive medicine (including animal biosecurity), and clinical care and management. The Guide addresses distress and pain recognition and relief, and issues surrounding euthanasia. Physical plant. The Guide identifies design issues, providing construction guidelines for functional areas; considerations such as drainage, vibration and noise control, and environmental monitoring; and specialized facilities for animal housing and research needs. The Guide for the Care and Use of Laboratory Animals provides a framework for the judgments required in the management of animal facilities. This updated and expanded resource of proven value will be important to scientists and researchers, veterinarians, animal care personnel, facilities managers, institutional administrators, policy makers involved in research issues, and animal welfare advocates.
Author: Alex Coad Publisher: Edward Elgar Publishing ISBN: 1848449100 Category : Business & Economics Languages : en Pages : 209
Book Description
Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.
Author: Mattias Nordqvist Publisher: Edward Elgar Publishing ISBN: 1783479663 Category : Business & Economics Languages : en Pages : 292
Book Description
Family business has become an increasingly studied field over the last decade and forms one of the fastest growing research areas today. The uniqueness of family business is the interaction between two systems: the family and the firm, leading to speci
Author: Steen Thomsen Publisher: Djoef Publishing ISBN: 9788757436891 Category : Charitable uses, trusts, and foundations Languages : en Pages : 209
Book Description
Industrial foundations are foundations that own companies. Typically, they combine charitable and business goals. Some global companies such as IKEA, Robert Bosch or the Tata Group are foundation-owned, but nowhere are they as numerous as in Denmark. Three of the four largest Danish companies - the pharma company Novo Nordisk, the shipping company A.P. Moller-Maersk, and the Carlsberg brewery - are all foundation-owned. Surprisingly, very little has been written about what industrial foundations are, and how they operate. The Danish Industrial Foundations provides a comprehensive overview. The book covers aspects such as theory, law, taxation, economic importance, company performance, governance and philanthropy. The book is the result of a large collaborative research project, led by the author, on industrial foundations. [Subject: Business, Economics, Industrial Foundations]
Author: Carmine Gioia
Author: Carmine Gioia
Author: Anol Bhattacherjee
Author: Paul C. Cozby
Author: Emmanuel O. Kumah
Author: Partha Dasgupta
Author: Ioannis Nicolaos Kessides
Author: National Research Council
Author: Alex Coad
Author: Mattias Nordqvist
Author: Steen Thomsen