scholarly journals Organizational governance of inter-firm resource combinations: The impact of structural embeddedness and vertical resource relatedness

2016 ◽  
Vol 23 (4) ◽  
pp. 524-544 ◽  
Author(s):  
Sungho Kim ◽  
Kyuho Jin
Keyword(s):  
Mergers And Acquisitions ◽  
Vertical Dimension ◽  
Firm Boundaries ◽  
Micro Structure ◽  
Organizational Governance ◽  
Structural Embeddedness ◽  
Focal Firm ◽  
The Impact ◽  
Flow Of Information ◽  
Governance Choice

AbstractFirms not only combine resources within firm boundaries but tap into, acquire, or consolidate resources outside firm boundaries. Alliances and mergers and acquisitions (M&A) are distinct vehicles for governing inter-firm resource combinations. Prior studies on the governance choice between them have relied on firm- or dyad-level attributes to explicate the choice firms make about the governance. However, any firm or dyad is a micro-structure embedded in networks that shape the flow of information and resources to the focal firm or dyad. In addition, although alliances and mergers and acquisitions involve either horizontal or vertical resource combinations, the vertical dimension of resource relatedness has been largely neglected in prior research. This study examines the impact of structural embeddedness and vertical resource relatedness on governance choice. We find that structural embeddedness is an important driver of governance choice and that a significant portion of resource combinations occurs along the vertical dimension of relatedness.

The Impact of Common Advisors on Mergers and Acquisitions

2010 ◽  
Author(s):  
Tommy Cooper ◽  
Qin Lian ◽  
Qiming Wang
Keyword(s):  
Mergers And Acquisitions ◽  
The Impact

The Impact of Shareholder Taxation on Mergers and Acquisitions

2015 ◽  
Author(s):  
Eric Ohrn ◽  
Nathan Seegert
Keyword(s):  
Mergers And Acquisitions ◽  
Shareholder Taxation ◽  
The Impact

The Impact of Shareholder Power on Bondholders: Evidence from Mergers and Acquisitions

2006 ◽  
Author(s):  
Anil K. Makhija ◽  
Angie Low ◽  
Anthony B. Sanders
Keyword(s):  
Mergers And Acquisitions ◽  
The Impact

scholarly journals The Impact of Mergers and Acquisitions and Sustainability on Company Performance in the Pharmaceutical Sector

2021 ◽  
Vol 13 (12) ◽  
pp. 6525
Author(s):  
Diana Marieta Mihaiu ◽  
Radu-Alexandru Șerban ◽  
Alin Opreana ◽  
Mihai Țichindelean ◽  
Vasile Brătian ◽  
...  
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Performance Improvement ◽  
Score Function ◽  
Pharmaceutical Companies ◽  
Company Performance ◽  
Direct Impact ◽  
Pharmaceutical Sector ◽  
Financial Measures ◽  
The Impact

The primary goal of this study was to determine the impact of mergers and acquisitions (M&A) and the environmental, social, and governance (ESG) sustainability scores of companies. In this regard, efforts to measure and analyze the evolution of a company’s performance, taking into account financial and non-financial measures using a score function, are adapted to the pharmaceutical sector. The sample consisted of 100 leading pharmaceutical companies, ranked by stock market capitalization, who registered 30% (n = 492) of the total M&A transactions over the study period (2010–2020). There was a direct and positive link between the M&A process and the evolution of company performance. The ESG score, as an indicator for measuring sustainability, has a positive and direct impact on company performance, indicating that a high ESG score determines an increase in company performance. A similar impact is identified for companies involved in M&A processes, meaning that companies in the pharmaceutical sector tend to register a performance improvement.

scholarly journals The impact of institutional investors on mergers and acquisitions in the United Kingdom

2015 ◽  
Vol 50 ◽  
pp. 547-561 ◽  
Author(s):  
Dimitris Andriosopoulos ◽  
Shuai Yang
Keyword(s):  
United Kingdom ◽  
Mergers And Acquisitions ◽  
Institutional Investors ◽  
The United Kingdom ◽  
The Impact

Vulnerable Company’s Triumphs in M&A Negotiation under the Impact of COVID-19 — An Empirical Study of Asian Companies

2021 ◽  
pp. 2150012
Author(s):  
Tsai-Hsin Cheng ◽  
Chung-Jian Huang ◽  
Chao-Hsien Sung ◽  
Yi-Chang Huang
Keyword(s):  
Game Theory ◽  
Empirical Study ◽  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
Information Economics ◽  
Biotechnology Industry ◽  
Equilibrium Price ◽  
Cold Chain ◽  
Investment Valuation ◽  
The Impact

The worldwide lockdown caused by COVID-19 has led to the complete suspension of shipping, land transportation, and aviation. As a result of the redistribution of global resources, governments have recently advocated acquisitions and mergers with strategic alliances and vertical integrations to revitalize the economy. This study aims to investigate how the mergers and acquisitions (M&A) were negotiated and how the equilibrium price was achieved with game theory and information economics in agricultural and fishery biotechnology industry. The findings in the present study propose that by adopting investment valuation (asset-based approach, revenue method, market method) and presenting three patents (globally unique nondrug-denatured pure male tilapia and GPS [Formula: see text]C cloud cold chain logistics), the more the vulnerable company is able to attain a triumphant price during the negotiation of M&A.

Automated clinical chemistry and haematology in a hospital region

1973 ◽  
Vol 184 (1077) ◽  
pp. 361-368
Keyword(s):  
Northern Ireland ◽  
Clinical Chemistry ◽  
Progressive Development ◽  
Analytical Instruments ◽  
The Past ◽  
Routine Work ◽  
Large Teaching Hospital ◽  
Clinical Chemical ◽  
The Impact ◽  
Flow Of Information

The impact of increasing analytical sophistication has, over the past 20 years, resulted in a remorseless increase in the number of requests submitted to hospital laboratories each year. Increasing numbers of requests led in both the clinical chemical and haematological laboratories to a search for mechanized or automated techniques which would enable a limited number of staff to achieve increases in productivity. In this way, over the past 15 years, there has been a progressive development of analytical instruments of greater and greater versatility whose advent has, to a very large extent, transformed the work of the clinical chemist and the laboratory haematologist and has often, by its very capacity for work, confronted them with a surfeit of data. The necessity to process this increasing flow of information has, in many cases, led to the use of dedicated laboratory computers and to some extent it can be said to have stimulated the concept of centralization at least of the broad mass of routine work in the clinical chemistry and haematology laboratories. This paper describes the steps taken in the laboratories of a large teaching hospital in Northern Ireland to move to a position where such centralization is not only possible but logical.

scholarly journals What Drives Cross-Border Mergers and Acquisitions and Greenfield Foreign Direct Investment Capital Flows? Reconsideration in the Case of the Selected Former Yugoslav Countries

2021 ◽  
Vol 32 (3) ◽  
pp. 234-246
Author(s):  
Ksenija Denčić-Mihajlov ◽  
Vinko Lepojević ◽  
Jovana Stojanović
Keyword(s):  
Mergers And Acquisitions ◽  
Developing Economies ◽  
Random Effect ◽  
Random Effect Model ◽  
Foreign Direct Investments ◽  
Macroeconomic Factors ◽  
Fdi Inflows ◽  
Cross Border ◽  
Data Framework ◽  
The Impact

Bearing in mind the different nature and the impact of various types of foreign direct investments (FDI) on the one hand, and the specific macroeconomic environment in the post-socialist countries on the other hand, in this paper we reexamine the selected macroeconomic factors that affect the two types of FDI inflows (cross-border mergers and acquisitions and greenfield FDI) in four countries of the former Socialist Federal Republic of Yugoslavia. The study employs the balanced panel data framework and covers twelve-year period (2006-2017). Having performed the Hausman test, we use the random effect model and provide evidence that: (1) the key FDI macroeconomic determinants in stable business conditions, examined in numerous research studies, can have a different impact on FDI in times characterized by unstability and financial crisis, (2) some determinants of FDI inflows have different importance and direction in the case of cross-border M&A and greenfield FDI. Our findings are relevant for policymakers who should reconsider the key factors that fuel the FDI inflows towards their developing economies.

scholarly journals Globalization, Knowledge Economy and the implication for Indigenous Knowledge

2007 ◽  
Vol 7 ◽  
pp. 55-62
Author(s):  
Kgomotso H Moahi
Keyword(s):  
Indigenous Knowledge ◽  
Knowledge Economy ◽  
Political Power ◽  
Developed Countries ◽  
Public Domain ◽  
The Public ◽  
The World ◽  
The Developed Countries ◽  
The Impact ◽  
Flow Of Information

This paper considers the impact that globalization and the knowledge economy have on the protection and promotion of indigenous knowledge. It is asserted that globalization and the knowledge economy have opened up the world and facilitated the flow of information and knowledge. However, the flow of knowledge has been governed by uneven economic and political power between the developed countries and the devel-oping countries. This has a number of ramifications for IK. The dilemma faced is that whichever method is taken to protect IK (IPR regimes, documenting IK etc) exposes IK to some misappropriation. Protecting it through IPR is also fraught with problems. Documenting IK exposes IK to the public domain and makes it that much easier to be misused. However, not protecting IK runs the danger of having it disappear as the custodians holding it die off, or as communities become swamped by the effects of globalization. The conclu-sion therefore is that governments have to take more interest in protecting, promoting and using IK than they have been doing.

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