scholarly journals Looking at the Other Side of the Fence: A Comparative Review of the Mergers and Acquisitions, and Strategic Alliances Literatures

2021 ◽  
pp. 99-119
Author(s):  
Emanuel Gomes ◽  
Sunbir Alam ◽  
Qile He
Keyword(s):  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
The Other ◽  
Comparative Review

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.

scholarly journals A comparative review of the resistance of a 37,000 dwt Chemical Tanker based on experimental tests and calculations

2020 ◽  
Vol 1 ◽  
pp. 59-66
Author(s):  
Liviu Crudu ◽  
Radu Bosoancă ◽  
Dan Obreja
Keyword(s):  
Energy Efficiency ◽  
Experimental Tests ◽  
Full Scale ◽  
The Other ◽  
Towing Tank ◽  
Ship Resistance ◽  
Comparative Review ◽  
Cfd Applications ◽  
Energy Efficiency Design Index ◽  
Comparison Of The Results

The evaluation of ship resistance is of paramount importance having a decisive impact on the economic performances and efficiency depending on mission. If new IMO requirements through the Energy Efficiency Design Index (EEDI) are taken into account the necessity to have more and more accurate tools capable to consider the influences of different parameters became mandatory. The availability of towing tank facilities and the full scale trials are the practical means in order to be able to confirm the accuracy of theoretical formulations and to define the limits of CFD applications. Based on the results of the towing tank tests, a direct comparison with the results provided by classical methods and CFD computations can be systematically can be performed. On the other hand, the influences of the modifications operated on the fore part of the ship aretheoretically evaluated and compared with the towing tank results. Consequently, the paper is focused on the comparison of the results evaluated using different tools which have been carried out for a Chemical Tanker built by Constanta Shipyard Romania.

Patterns of Authority in West Africa

Africa ◽  
1951 ◽  
Vol 21 (4) ◽  
pp. 261-278 ◽  
Author(s):  
Paula Brown
Keyword(s):  
West Africa ◽  
Political System ◽  
West African ◽  
The Other ◽  
Political Structure ◽  
Political Relations ◽  
Comparative Review ◽  
Different Types ◽  
Opening Paragraph ◽  
Size And Structure

Opening ParagraphThe development of large centralized states in West Africa has long been recognized. The complexity of organization of the few well-known kingdoms, but not their differences in size and structure, is constantly emphasized in the literature. The number and variety of West African groups which have not developed states have, on the other hand, frequently been underestimated. In a comparative review by Professors Fortes and Evans-Pritchard two types of political system, centralized and segmentary, have been described for Africa as a whole, with examples of each in West Africa. A survey of West African societies suggests, however, that finer distinctions are possible and that not all these societies can be placed in one or other of these two categories. In particular, this classification omits consideration of ‘stateless’ societies in which associations, rather than a segmentary lineage system, regulate political relations; and it fails to distinguish different types of authority and political structure in states.

Dynamic Dalmia: Can They Do it Again?

2020 ◽  
Vol 2 (1) ◽  
pp. 34-43
Author(s):  
Rohit Kumar ◽  
Arun Kumar Shukla
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
Growth Strategy ◽  
Growth Path ◽  
The Future

This case study is about Dalmia Cement which is one of the oldest cement companies in India, established in the year 1939. In early 2000s, the company started its journey of aggressive growth under the leadership of young promoter-cum-managing director. The company has been one of the best performing companies in Indias in the last decade and being valued as one of the most valuable scrips of the stock market. The company has grown organically as well as inorganically by meticulously executing strategies of mergers and acquisitions and forging strategic alliances to spur the growth. While the company has a clear growth strategy for the future, it needs to find ways of going forward to ensure it traverses on the same growth path as it has done before.

scholarly journals The Role of Participation Banking as Alternative Financing Channels to Substitute for Deposit Banks and its Growth in the Turkish Finance Market - Period: 2007-2015

2017 ◽  
Vol 7 (1) ◽  
pp. 47-52
Author(s):  
Ferhat Sayım
Keyword(s):  
Economic System ◽  
Banking System ◽  
The Other ◽  
Bank Loan ◽  
Interpretive Analysis ◽  
Financing Channels ◽  
Comparative Review ◽  
Net Profit ◽  
History Of ◽  
World Economic

Financial systems and companies have become the most important reasons in the weakness of world economic system. The formation and development process of the financial structure also constitute the infrastructure of the world economic system. The path of the financial system and development has led to discuss with the financial crisis in 2008-2011. One of the solutions in order to reduce problems caused by the conventional banking system is alternative financing systems. In Turkey, the corporations based on profit share system are named participation banks. These banks which settle on different principles in the risk distribution of the portfolio acquired are analyzed more nowadays. Participation based banks are placed in practically every regulation related to banking terms and get their legal infrastructure more steady in the banking legislation of Turkey. This study is a continuation of a series related to the situation of participation banking in Turkey. On the other hand, the literature and the history of participation banking have been given less attention in this study. Literature information on methods in participation banks has been described in previous work of the series. Two analyzes were conducted in this study. One analysis is interpretive analysis that expresses the situation of applications of participation banking against banking risks. The other is an analysis of the figures of participation banks in Turkey as a continuation of the series. This study is a 2007-2015 part of research series. The study tries to explore the place and the importance of participation based banking with the various sub-headings, especially in Turkey. For this reason, we examine the comparative review 2007-2015 data of participation banks which are composed of Total Assets, Equity Net Profit, Collected Funds and Bank Loan Funds. Then we compare the total figures with deposit banks for the same period in Turkey.

scholarly journals What Has Happened with C-B M&A Acceptance? A Follow Up Based on 2005 – 2015 Study

2021 ◽  
Author(s):  
Rasto Ovin ◽  
Anita Macek
Keyword(s):  
Foreign Direct Investment ◽  
Mergers And Acquisitions ◽  
Market Economy ◽  
Capital Flows ◽  
Direct Investment ◽  
The Other ◽  
The Common ◽  
Foreign Divestment ◽  
Intensive Course

Especially since 1990s when capital flows liberalization took their intensive course, also the literature on foreign direct investment and respectfully cross-border mergers and acquisitions grew. On the other hand, although it was accompanying these processes, foreign divestment attracted much less attention. Speculating about the reasons for such situation, one could stress that following the nature of the balance of payments logic foreign direct divestment was not expected. Nevertheless, these processes were present. This chapter addresses some of the most important impacts of foreign direct investment that had been a subject to inverse processes later. The authors try to confront the drivers of these processes and search for different patterns obviously often deriving outside economic rationale from the position of a developed market economy. Using their expertize the authors connected concrete findings of their study with possible drivers of divestment. According to the finding the common nominator was mixed success with the transition in transition countries.

Impact of Mergers and Acquisitions on Firms’ Export Competitiveness

2017 ◽  
Vol 18 (1) ◽  
pp. 1-20 ◽  
Author(s):  
Pulak Mishra ◽  
Neha Jaiswal
Keyword(s):  
Mergers And Acquisitions ◽  
Market Share ◽  
Positive Influence ◽  
The Other ◽  
Foreign Technology ◽  
Export Intensity ◽  
Export Competitiveness ◽  
Complementary Assets ◽  
The Impact ◽  
Indian Pharmaceutical Industry

This article attempts to examine the impact of mergers and acquisitions (M&A) on export competitiveness of firms in Indian pharmaceutical industry. It finds that the wave of M&A has positive influence on both incidence and extent of export competitiveness. In addition, incidence of exports is positively influenced by market share and efforts towards creating marketing and distribution related complementary assets as well. On the other hand, the extent of export intensity is also higher for firms with larger market share, greater marketing and distribution-related efforts, innovation and foreign technology purchase. However, advertising and financial performance do not cause any significant impact on export competitiveness. It is, therefore, suggested that policies and regulations relating to M&A, innovation and sourcing foreign technology need a fresh look with greater industry-specific flexibilities. There is also a need for integration of different policies and regulations in areas like FDI, intellectual property, and so on.

scholarly journals Why bidding firms do not hire financial advisors in mergers and acquisitions

2008 ◽  
Vol 5 (3) ◽  
pp. 316-323
Author(s):  
Wallace N. Davidson III ◽  
Shenghui Tong ◽  
Richard Proctor
Keyword(s):  
Mergers And Acquisitions ◽  
Transaction Costs ◽  
Information Asymmetry ◽  
Control Sample ◽  
The Other ◽  
Investment Banks ◽  
Financial Advisors ◽  
Primary Reason ◽  
Investment Bank ◽  
Acquiring Firms

In this paper, we examine why some bidders decide not to hire investment bank advisors in M&A transactions. We build a sample of 181 M&A transactions in which the acquiring firms do not hire investment bank advisors, and compare them with a control sample of 181 M&A transactions in which the acquiring firms hire investment bank advisors. We find that the transaction costs are the primary reason that investment banks are hired as advisors for bidders in M&A transactions. In addition, the information asymmetry and contracting costs are the other two reasons that bidders hire investment banks in M&A transactions.

Are biotech and big pharma the perfect match?

2020 ◽  
Vol 36 (12) ◽  
pp. 39-41
Keyword(s):  
Mergers And Acquisitions ◽  
Design Methodology ◽  
Business Models ◽  
Perfect Match ◽  
Research Paper ◽  
The Other ◽  
Extensive Review ◽  
Content Type ◽  
Pharmaceutical Industries ◽  
Ideal Partners

Purpose The biotechnology (biotech) and pharmaceutical (pharma) industries have a lot of similarities, particularly regarding their mission to provide lifesaving and life-improving drugs. However, there are some key distinctions between the two industries. It is these differences, however, that make that ideal partners and have resulted in a wave of mergers and acquisitions between the two industries. Design/methodology/approach This research paper offers an insider-outsider approach to the biotechnology and pharmaceutical industries. Based on an extensive review of the industries it offers key insights into the reasons for the multiple partnerships that have developed. Findings The findings demonstrate that the different stages of maturity of the business models of biotech and big pharma make them ideal partners. Both rely on the advantages of the other in their development, hence the wave on M&As between the two industries. Originality/value This article clearly shows how two firms or industries at different stages of maturity can be mutually beneficial. This has led to many acquisitions and mergers.

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