Merger and Acquisition and Firm Performance: An Analysis of Proton-Geely

2020 ◽  
Vol 7 (8) ◽  
pp. 484-505
Author(s):  
Edna Gnomblerou

This study draws attention to a merger and acquisition case that involves Geely and Proton respectively, Chinese and Malaysian firms. The article mainly focuses on the financial performance of Geely before and after the acquisition. To achieve this, the paper adopted a qualitative research method by using archival data sources to analyze the single case of the acquisition of Proton by Geely. The sampling area is Asia being China and Malaysia describing a cross-border transaction in emerging markets. The paper performed ratio analysis to investigate the different indicators of Geely’s financial performance before and after the acquisition. After documenting and analyzing this case, the paper argues that Geely performed well before and after the acquisition. The analysis can serve as evidence of a better financial performance of Chinese firms after cross-national M&A transactions. As a qualitative research, this article benefits not only from the bibliometric analysis done through past research and official reports related to the case but also from the quality and validity required for a case study analysis. This study is an original attempt at presenting the case study of Geely’s acquisition of Proton from the lens of the acquiring firm’s performance before and after the acquisition. However, due to the limited information provided by financial ratios, the findings of the paper are not exhaustive.

2016 ◽  
Vol 69 (1) ◽  
pp. 1-53 ◽  
Author(s):  
Evan S. Lieberman ◽  
Prerna Singh

Does the enumeration of ethnic, racial, and/or religious categories on national household censuses increase the likelihood of conflict? The authors propose a theory of intergroup relations that emphasizes the conflictual effects of institutionalizing boundaries between social identity groups. The article investigates the relationship between counting and various forms of conflict with an original, global data set that classifies the type of enumeration used in more than one thousand census questionnaires in more than 150 countries spanning more than two centuries. Through a series of cross-national statistical analyses, the authors find a robust association between enumeration of ethnic cleavages on the census and various forms of competition and conflict, including violent ethnic civil war. The plausibility of the theory is further demonstrated through case study analysis of religious conflict in India.


1999 ◽  
Vol 27 (2) ◽  
pp. 153-164 ◽  
Author(s):  
Sandra Mulkens ◽  
Susan M. Bögelts ◽  
Peter J. de Jong

By means of a single case study, the effects of redirecting attention above exposure only on fear of blushing, avoidance, and idiosyncratic dysfunctional beliefs were tested. A social phobic patient with fear of blushing as the predominant complaint received sessions of Task Concentration Training (TCT) and Exposure in Vivo (EXP) alternately, after a steady baseline had been established. The treatment consisted of 14 individual sessions. Assessments were held before and after baseline, after treatment, after 4 weeks follow-up, and after 1-year follow-up. Continuous measurements were held throughout the treatment in order to measure the differential effects of TCT and EXP on fear, avoidance and beliefs. TCT and EXP together, turned out to be an effective treatment for fear of blushing: large effects were observed on all three outcome measurements. When differential effects are closely looked at, EXP seemed more effective in decreasing fear of blushing. However, the patient appeared to have used TCT strategies as well during the EXP weeks, which may have contributed to the favourable effects of EXP.


2019 ◽  
Vol 11 (16) ◽  
pp. 4359 ◽  
Author(s):  
Jianxin Ge ◽  
Tong Li

This paper applies grounded theory to explore the formation of platform leadership and its reputation through a single case study analysis of a Chinese energy internet platform enterprise CZB (Che Zhu Bang). Initially, CZB was a follower in China’s internet energy market. After clarifying and acquiring the entrepreneurial resources and the complementary assets it needed, CZB quickly established an energy internet platform and its platform leadership in two years. The research shows the mechanism by which the entrepreneurial resources and complementary assets affect the evolution of the platform leadership, the interaction between platform leadership and its reputation, and in the end, how platform reputation influences platform sustainability.


2018 ◽  
Vol 36 (1) ◽  
pp. 63-76 ◽  
Author(s):  
Edoghogho Ogbeifun ◽  
Charles Mbohwa ◽  
Jan-Harm Christiaan Pretorius

Purpose All built facility begins to show signs of deterioration immediately after the facility is completed and put to use, thus necessitating routine maintenance. Increase in defects due to age, usage, and other factors, requires extensive maintenance activities known as renovation. The data used for a typical renovation plan can be collected using the condition assessment (CA) tool which depends on physical inspection of the defects or through a facility condition index which hinges on harnessing and analyzing the information in the operational history of the facility. The purpose of this paper is to examine the quality of a typical renovation plan using both tools. Design/methodology/approach The single case study of qualitative research was adopted. The data were collected through the principle of semi-structured questionnaire complemented with interviews and document analysis. The documents include periodic operational reports and a CA report used for planned renovation exercise of the Facilities Management (FM) Unit in a higher education institution in South Africa. Findings The findings revealed that although the FM Unit produces periodic reports, but there was no evidence of detailed analysis of the reports. Therefore, the programmed renovation exercises are based purely on the information from a CA. Research limitations/implications This research is a single site case study of qualitative research; the data collected are limited and not sufficient for generalization of the results. Furthermore, the lack of record of the analysis of the operational history in the periodic reports negatively affected the computation of facilities condition index (FCI). Thus it was not possible to demonstrate the strength of FCI over CA from empirical information. Originality/value The quality of a typical renovation plan is influenced by the tool used for data collection. Although the CA tool is commonly used, experience shows that the renovation exercise developed from such records is prone to many execution setbacks, such as frequent scope changes and the associated cost and time overruns. These setbacks can be minimized if the FCI is used as the tool for data collection.


Author(s):  
Achsania Hendratmi ◽  
Mega Ayu Widayanti

Objective - The purpose of the research is to explore, to investigate, and to develop a business model in Islamic perspective in microfinance BMT UGT Sidogiri Indonesia. Methodology/Technique - The research developed by qualitative research with a single case study. The content analysis used as the method to analyze the data describes analytic, intuitive, interpretative, textual and strict textual analysis approaches. Findings – The main finding that the framework Islamic business model in perspective Islam proposed previously can be well understanding and applied in BMT UGT Sidogiri. The result showed that there three main building in developing of an Islamic business model consist of the business foundation, business design, and business development. Novelty - The model can be used to optimize the potential business model of Islam in BMT UGT Sidogiri and other microfinance in Indonesia in the future. Type of Paper - Empirical Keywords: Islamic Business; Business Model; Islamic Business Construct; Islamic Business Aims; Baitul Maal Wattamwil (BMT). JEL Classification: K20, M21.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
James Fowler ◽  
Alex Gillett

Purpose Literature seldom admits the importance of historical contingency and politics in the creation of hybrid organisations. Nevertheless, the circumstances of their creation play a pivotal role in the subsequent operation, priorities and success of these prolific organisations. Through a single case study, this paper aims to explore the connection between the multiple and concurrent crises that created London Transport and the subsequent balance of its institutional logics. Design/methodology/approach This case study uses in-depth data collection from multiple archival and public sources to offer quantitative and qualitative analysis of the priorities, logics and services offered by London Transport before and after its transition from a private to a hybrid organisation. Findings Providing London’s transport via a quasi-autonomous non-governmental monopoly was justified as being more efficient than competition. However, by applying accounting ratios to the archival records from London Transport, the authors find that there were few decisive efficiencies gained from amalgamation. Instead, the authors argue that the balance of institutional logics within the new, unified organisation showed a political response outwardly addressing market failure but primarily concerned with marginalising democratic control. This reality was obscured behind the rhetoric of rationality and efficiency as politically neutral justifications for creating a public service monopoly. Originality/value This paper challenges supposedly objective systems for judging the effectiveness of “hybrid” organisations and offers an alternative political and historical perspective of the reasons for their creation. The authors suggest that London Transport’s success in obscuring its enduring market-based institutional logics has wider resonance in the development of municipal capitalism.


2018 ◽  
Vol 6 (2) ◽  
pp. 231-239
Author(s):  
Alexander Joseph Ibnu Wibowo

This study aims to analyze trends in financial performance of a food company and test the validity of financial ratio instruments that have been used by financial practitioners and academics. For this reason, we designed an exploratory study through a single case study at a food company listed on the Indonesia Stock Exchange (IDX). We analyze the company's financial data using a variety of ratio analysis commonly used in financial disciplines, such as operational ratios, financial ratios, and stock performance. The analysis was deepened by describing the results of factor analysis to test the validity of financial ratio instruments. We find that the company's financial performance tends to fluctuate over time. When viewed from the sales side, the company's performance showed an increase since 2010. If we observe the profit margin, the company's financial performance tends to decrease. Operational ratio trends also show a decline from 2013 to 2015. Furthermore, the results of factor analysis indicate that the ratio of net income to overall assets is the strongest indicator to measure the company's financial ratios. In contrast to previous studies, this study found that the ratio of operating income to equity was not proven valid as a measure of financial ratios. In summary, this study succeeded in providing significant contributions and novelty for practical and theoretical interests through the validation of financial ratios that are widely used so far.


Author(s):  
Son Ekabiakto ◽  
BambangMulyana

This study was aimed to analyze company financial performance before and after merger or acquisition. Financial performance was measured using Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TATO), Inventory Turnover (ITO), Operating Profit Margin (OPM), Return on Assets (ROA), Return on Equity (ROE), while corporate value was measured using Price to Book Value (PBV). This study was limited to manufacturing industry issuers which had merged and acquisited between 2003 and 2011. Sample was collected using purposive sampling method and there were 11 companies. Data analysis was statistic parametric analysis using paired sample t-test. Study result found that CR, DER, TATO, ITO, OPM, ROA, ROE, and PBV after merger and acquisition was better than before merger and acquisition, even ROA and ROE showed significant improvement.


2021 ◽  
Vol 17 (2) ◽  
pp. 185
Author(s):  
Sarah Monalisa Harahap ◽  
Anni Holila Pulungan ◽  
Siti Aisyah Ginting

This study deals with the language  communication strategies in conversation used by extrovert and introvert students at Politeknik LP3i Medan. It uses qualitative research design with a single case study to gain an understanding on this study. It is conducted descriptively. This study aims to find out the types of communication strategies in conversation used by introvert students of Politeknik LP3i Medan. The subjects were 10 persons of introvert and of Politeknik LP3I Medan. The use of instruments in this study were observation ,interview and documentation. The observation were the types of communication strategies in conversation used by extrovert and  introvert students of Politeknik LP3i Medan. The interview was used to in depth the data. The theories of Celce-Murcia was used in this study. The data were analyzed by Spradley (1979) analysis. The result of the study there were three reason of communication strategy were used by students of Politeknik LP3I Medan. They are providing opportunities for practice strategy, proving list of needed vocabulary and remind forgotten words strategy.Keywords: Communication Strategies, the Reason Why the Introvert Students Used Communication Strategies in the Way They Do


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