scholarly journals Never have a crisis like COVID-19

2022 ◽  
Vol 132 ◽  
pp. 01018
Author(s):  
Yongseok Jang ◽  
Woojin Lee
Keyword(s):  
Mergers And Acquisitions ◽  
Unique Challenge ◽  
Strategic Options ◽  
Exploitation And Exploration ◽  
The Relationship ◽  
Corporate Level

Current circumstances caused by COVID-19 pandemic pose a unique challenge to businesses. How could businesses survive? What strategic options do businesses have when they effectively engage such a challenge? Delving into the inquiry, we explore and investigate different strategic approaches to measure their effectiveness. For the study’s explorative and investigative purposes, our investigation involves a set of tests at both business and corporate levels. Using 224 responses from the leaders and key individuals of Korean startups, we tested the effectiveness of strategic options using the notion of ambidexterity and alliances, and mergers and acquisitions. Using the ambidexterity lens, we found exploitation and exploration indirectly affect firm performances and are still effective under COVID-19. We also found “reinforcing the relationship with existing alliances,” a corporate-level approach, to be effective.

Relationship between Cross-Border Mergers and Acquisitions and International Trade: The Case of Russian Pharmaceutical Industry

2020 ◽  
pp. 81-94
Author(s):  
Alexandra V. Chugunova ◽  
Olga A. Klochko
Keyword(s):  
International Trade ◽  
Mergers And Acquisitions ◽  
Volume Growth ◽  
Pharmaceutical Products ◽  
Pharmaceutical Companies ◽  
Cross Border ◽  
Export Volume ◽  
Relationship Of ◽  
Geographical Diversification ◽  
The Relationship

This research studies the relationship of cross-border mergers and acquisitions to international trade through the lens of Russian pharmaceutical market. To this aim, the study analyses the woks of foreign economists dedicated to evaluating the link between foreign direct investment and international trade, and the influence of mergers and acquisitions on countries’ export and import flows. The research also presents a correlation analysis between the volume of Russian pharmaceutical exports and imports and cross-border deals performed by foreign pharmaceutical companies in Russia. We characterize these deals and conduct a comparative analysis of the regional structure of Russian pharmaceutical exports and imports as well as of the countries of origin of buyers in cross-border mergers and acquisitions. The results of the analysis indicate a positive relationship between cross-border mergers and acquisitions and Russian pharmaceutical exports, which is reflected in the export volume growth and its geographical diversification. However, it is outlined that particular problems of the industry hinder the amelioration of Russian positions in international exports. Similarly, the relationship between cross-border deals and Russian imports is positive: the major pharmaceutical products supply flow occurs from the countries of origin of buyers in cross-border mergers and acquisitions conducted in the Russian pharmaceutical sector.

Where, When, and Who: Corporate Social Responsibility and Brand Value—A Global Panel Study

2021 ◽  
pp. 000765032110193
Author(s):  
Shawn Pope ◽  
Jimi Kim
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Fixed Effects ◽  
Panel Study ◽  
Brand Value ◽  
Industrial Sectors ◽  
Identity Match ◽  
Corporate Social ◽  
The Relationship ◽  
Corporate Level

According to surveys of companies, branding is one of the main objectives of their corporate social responsibility (CSR). With advantageous data from Brand Finance, we address three contextual factors that may condition the relationship between CSR and brand value. First, we hypothesize that the relationship between CSR and brand value obtains across major world regions and industrial sectors (“the convergence thesis”). Second, we hypothesize that the relationship has weakened with time, as companies have had increasing difficulty using CSR to differentiate their brands in a sea of CSR-espousing competitors (“the crowding out thesis”). Third, we hypothesize that the relationship between CSR and brand value is weaker where a brand’s identity is different from that of its corporate owner, which may make it difficult for observers to readily link (corporate-level) CSR with its potential (lower level) brand beneficiaries (“the identity-match thesis”). We support these hypotheses with random-effects, fixed-effects, and instrumental-variable regressions before ending with contributions, limitations, implications, and potential next steps.

scholarly journals Literature Review on Good Governance in the Organizations through Human Resource Management: A Corporate Level Analysis

2016 ◽  
Vol 9 (8) ◽  
pp. 14 ◽  
Author(s):  
Anthonypillai Anton Arulrajah
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Good Governance ◽  
Future Research ◽  
Economic Basis ◽  
Effectiveness And Efficiency ◽  
The Relationship ◽  
Corporate Level ◽  
Level Analysis

<p>The objective of this review is to analyze the contribution of human resource management (HRM) in creating good governance in the organizations. A theoretical framework concerning the characteristics of good governance and the contribution of human resource management based on those characteristics were developed. The relationship between human resource management and creating good governance in the organizations, which is based on social, ethical, democratic, and economic basis, involves some important aspects concerning people management aspects such as participation, consensus orientation, accountability, transparency, responsiveness, effectiveness and efficiency, equity and inclusiveness, and following the laws and regulations. The integration of characteristics of good governance with possible approaches and practices of HRM leads to developing a model which underpins the contribution of HRM to create and practice good governance in the organizations. Based on this model, propositions and recommendations for future research on this theme are presented.</p>

Authenticity and ‘auteur’: the songs of Hugues de Berzé

1995 ◽  
Vol 4 (1) ◽  
pp. 13-32 ◽  
Author(s):  
Fiona McAlpine
Keyword(s):  
Unique Challenge ◽  
Authentic Voice ◽  
Melodic Analysis ◽  
The Relationship

The concept of individual authorship, let alone authorial style, is not one that medievalists are accustomed to dealing with, particularly in the realm of monophonic music. Within this field, however, troubadour and trouvère songs provide a peculiar and almost unique challenge because many of the songs are by identified and identifiable composers. However, between the lives of those composers and the written records of their composition there is a gap which can be almost as long as 200 years. We do not know who compiled the manuscripts, nor do we know why they were produced; but what is plain is that the lines of transmission from composer to written record were neither clear nor simple, given the number and scope of the variants from one manuscript to the next. The relationship between the manuscripts is complex, and stemmatics has not proved particularly useful in determining the variant closest to the composer’s ‘original’. In these circumstances it is hardly surprising that the authentic voice of the composer is not a common subject for discussion. Like other monophonic repertories, the songs of the troubadours and trouvères tend to be analysed as a corpus, and rightly so. If analysis is to encompass the entire legacy of songs, it needs systematic tools of the kind and quality available to other repertories. However, effective tools for the melodic analysis of troubadour and trouvère song are few, for reasons which I have discussed elsewhere.

scholarly journals THE IMPACT OF M&A TRANSACTIONS ON THE GROWTH OF THE BANKS’ MARKET VALUE

2021 ◽  
Vol 5 (40) ◽  
pp. 45-54
Author(s):  
L. Prymostka ◽  
N. Pantielieieva ◽  
I. Krasnova ◽  
V. Lavreniuk ◽  
O. Lytvynenko
Keyword(s):  
Economic Development ◽  
Mergers And Acquisitions ◽  
Banking Sector ◽  
Jel Classification ◽  
Economic Indicators ◽  
Level Of Economic Development ◽  
Banking Business ◽  
Economic Trends ◽  
The Impact ◽  
The Relationship

Abstract. The globalization of markets, the need to comply with modern economic trends and introduce new technological solutions to increase the profitability of the banking business have significantly intensified the processes of mergers and acquisitions in the banking sector. M&A processes are long and complex, their results are difficult to forecast in lack of actual detailed research. The diversity of the results of the available research requires updating the data based on larger volumes of transactions and larger time intervals. The purpose of the article is to substantiate two hypotheses: first, the impact of M&A agreements especially on the increase in the value of banks; and impact of factors that show economic development level on the value of banks. The object of the study is the relationship between the value of commercial banks in domestic and foreign financial markets, M&A agreements, as well as economic indicators published by the World Bank and measuring the level of economic development of countries. The article uses statistical modeling method. The constructed model of linear regression allows to state that the fact of influence of M&A on growth of cost of consolidated banks is fair for 54.8% of cases. The study shows that the M&A processes have the greatest impact on the value of banks in the interval of 3—5 years after the conclusion of the agreement. Analysis of the relationship between economic indicators and the growth of bank value shows that the greatest impact on the value of banks has percent of the growth of GDP and GDP per capita, but the low value of the determinant at 22.9% indicates a low dependence of bank value on the level of economic indicators in general. It was found that external factors do not directly affect the growth in the value of banks in the process of M&A transactions. The question of expanding the system of factors that will influence the M&A processes and, as a consequence, the value of the banks, will be the subject of further research. Keywords: globalization of markets, mergers and acquisitions of banks, consolidation, M&A dynamic, market capitalization, bank value. JEL Classification Е44, Е47, G14 Formulas: 2; fig.: 4; tabl.: 4; bibl.: 14.

Formulate a Clear M&A Strategy

2020 ◽  
pp. 17-31
Author(s):  
Timothy Galpin
Keyword(s):  
High Risk ◽  
Best Practices ◽  
Mergers And Acquisitions ◽  
Stock Prices ◽  
New Technologies ◽  
Strategic Choice ◽  
Growth Strategy ◽  
Ample Evidence ◽  
Cross Border ◽  
Strategic Options

Mergers and acquisitions are a strategic choice. Favorable regulatory environments, economic expansion, the emergence of new technologies, high stock prices, and liquidity in credit markets have all contributed to creating “waves” of M&A characterized by periods of high and low transaction volumes. M&A is a high-risk growth strategy, with ample evidence demonstrating that buyers struggle to capture value from their transactions. Yet, the Oxford M&A Insights Project found that almost two-thirds (64%) of respondents indicated that their company is “very likely” or “likely” to conduct future transactions. This chapter provides an overview of the strategic options for M&A and how firms develop their M&A strategies. The tools, templates, best practices, potential pitfalls, and a case example of how to go about setting a clear M&A strategy are also addressed, along with the main participants, core activities, buyer’s and seller’s perspectives, and key cross-border considerations.

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