scholarly journals MERGERS & ACQUISITIONS IN THE ELEVATOR INDUSTRY: THE USE OF ICTs TO AVOID INFORMATION ASYMMETRY

Author(s):  
Juan de la Guardia ◽  
Miguel Palacios ◽  
Ricardo Zurdo

Mergers and acquisitions operations continue to be one of the most explored growth strategies in all markets, and this is indeed the case in the elevator industry. The volume of investments grows year after year. It is the fastest way to grow in international and domestic markets, but the reality is that a high percentage of the operations carried out do not meet the expectations of the investors once the integration phase has been completed. There are several causes of failures in mergers and acquisitions processes, such as lack of commitment from the management, an unrealistic business plan, cultural shock, etc. But the most common one, and the one with the highest risk in an acquisition decision, is information asymmetry. During the negotiation phase a large amount of data is collected, and subsequently analyzed during the due diligence period, but it may not correspond to the reality during the integration phase. In this article we will propose how information asymmetry can be avoided through the application of information and communication technologies (ICTs) via internet of things (hereinafter IoT) devices in the elevator industry. This can also be applied to other industries.

Author(s):  
Marco Ardolino ◽  
Nicola Saccani ◽  
Federico Adrodegari ◽  
Marco Perona

Businesses grounded upon multisided platforms (MSPs) are found in a growing number of industries, thanks to the recent developments in Internet and digital technologies. Digital MSPs enable multiple interactions among users of different sides through information and communication technologies. The understanding of the characteristics and constituents of MSPs is fragmented along different literature streams. Moreover, very few empirical studies have been carried out to date. In order to fill this gap, this paper presents a three-level framework that describes a digital MSP. The proposed framework is based on literature analysis and multiple case study. On the one hand, the framework can be used to describe MSP as it provides an operationalization of the concept through the identification of specific dimensions, variables and items; on the other hand, it can be used as an assessment tool by practitioners, as exemplified by the three empirical applications presented in this paper.


2005 ◽  
Vol 34 (1) ◽  
pp. 49-53
Author(s):  
Kamil Okyay Sindir

In recent years, the Turkish agricultural sector has had serious problems, such as lower yields, higher input prices, higher production costs and loss of competitiveness in foreign markets, all leading to reductions in both crop and animal production. At the same time, measures such as curtailment of state financial support to farmers and farming businesses, coupled with the increasing costs of production inputs including seeds, fertilizers, sprays, machinery and decreasing crop prices have negatively affected the sector and primarily the farmers. But, besides taking measures affecting structural change, it is also necessary to establish ways of ensuring accurate information exchange between farmers, agri-food industries and institutions for research and development if productivity and improvements in the competitive power of Turkish farmers within foreign and domestic markets are to be assured. The paper outlines the current situation concerning information and communication technologies (ICT) and agriculture in Turkey and the challenges facing the rural sector in striving towards a knowledge society.


Author(s):  
Ugo Pagallo

The chapter examines how the information revolution impacts the field of data protection in a twofold way. On the one hand, the scale and amount of cross-border interaction taking place in cyberspace illustrate how the information revolution affects basic tenets of current legal frameworks, such as the idea of the law as a set of rules enforced through the menace of physical sanctions and matters of jurisdiction on the Internet. On the other hand, many impasses of today's legal systems on data protection, liability, and jurisdiction can properly be tackled by embedding normative constraints into information and communication technologies, as shown by the principle of privacy by design in such cases as information systems in hospitals, video surveillance networks in public transports, or smart cards for biometric identifiers. Normative safeguards and constitutional constraints can indeed be embedded in places and spaces, products and processes, so as to strengthen the rights of the individuals and widen the range of their choices. Although it is unlikely that “privacy by design” can offer the one-size-fits-all solution to the problems emerging in the field, it is plausible that the principle will be the key to understanding how today's data protection issues are being handled.


2022 ◽  
pp. 54-64
Author(s):  
Gianluca Attademo ◽  
Alessia Maccaro

The formulation of Charts for research ethics and Codes of conduct has been growing in the last few decades, on the one hand due to a renewed awareness of the ethical dimensions of research governance and the relationship between regulators and researchers, and on the other hand for the expansion of possibilities achieved by innovation in information and communication technologies. The voluntary involvement of research participants, risk management and prevention, data protection, community engagement, reflexivity of researchers are some of the centres of gravity of a debate that involves researchers, institutions, and citizens.


Author(s):  
Petros Nhlavu Dlamini

This chapter explores the role played by Information and Communication Technology tools in the management of indigenous Knowledge in general. Of importance to note, therefore, is the fact that the emergence of Information and Communication Technology tools has opened new avenues in Indigenous Knowledge Management (IKM) which have the potential of playing important roles in the society by making the valuable knowledge available to everyone who recognizes and uses it. Given the nature of indigenous knowledge which is commonly exchanged through personal communication and demonstration exemplified as deriving from the master to the apprentice, from the parents to the children, from the one neighbour to the other and so on. Information and Communication Technology tools appear to be providing as a solution in forestalling the possible extinction of IK.


2021 ◽  
Vol 12 (1) ◽  
pp. 28-52
Author(s):  
Dinesh Kumar J. ◽  
Arulchelvan Sriram

The influence of ICT in family functioning is a thrust area to study in which the adoption and changes in family activities are growing every day on par with ICT development. Among the models dealing with the subject, Hertlein's multitheoretical model is the one which contains the combination of factors from three different ICT and family-based theories. There is no measurement items found for this model. So, this research developed the measurement items for all the factors in model. Exploratory and confirmatory factor analysis was done to validate the model. This research also understood the importance of family communication through literature and added that as a sub-factor in the process changes factor and fit well with the existing model. This proves that family communication is one of the major contributor of family process.


2011 ◽  
Vol 2 (3) ◽  
pp. 14-26 ◽  
Author(s):  
Hamid Nemati ◽  
Amna Latif

Information and Communication Technologies (ICT) are an important factor in the socio-economic development of transitioning and developing countries. Given the importance of ICT in global social and economic development, many researchers have examined its development and growth strategies from national and governmental policy perspectives. However, understanding the consequences of information and communication technologies in developing countries is complex and far from certain. Given the ambiguity, complexity, and diversity of what constitutes ICT, Heeks (2002) suggested the existence of incongruencies between what policy makers envision as ICT and the actuality of what is ultimately manifested, proposing the “design-actuality gap” framework to understand this inconsistency. Baqir et al. (2009) extended the design-actuality gap framework to show that the dimensions of design maybe different than those of the actuality, but did not provide an explanation for this gap. In this paper, the authors posit that the gap can only be explained based on the law of “unintended consequence” (Merton, 1936). This phenomenon can best be seen in developing nations where ICT’s impact on socio-economic development is exaggerated. The authors present the case of the Islamic Republic of Iran and show how the law of unintended consequence can explain the major chasm that exists between ICT development and the actuality of use.


2020 ◽  
pp. 325-347
Author(s):  
Petros Nhlavu Dlamini

This chapter explores the role played by Information and Communication Technology tools in the management of indigenous Knowledge in general. Of importance to note, therefore, is the fact that the emergence of Information and Communication Technology tools has opened new avenues in Indigenous Knowledge Management (IKM) which have the potential of playing important roles in the society by making the valuable knowledge available to everyone who recognizes and uses it. Given the nature of indigenous knowledge which is commonly exchanged through personal communication and demonstration exemplified as deriving from the master to the apprentice, from the parents to the children, from the one neighbour to the other and so on. Information and Communication Technology tools appear to be providing as a solution in forestalling the possible extinction of IK.


Bankarstvo ◽  
2020 ◽  
Vol 49 (3) ◽  
pp. 102-127
Author(s):  
Marija Stojmenović

The notion of a cashless society is slowly becoming an inevitability of the modern way of doing business. Withdrawal of cash from use is the result of wide application of information and communication technologies. Increasing digitalization has contributed to the fact that most transactions are performed via smart devices (phones, tablets, desktops), without the use of cash and without going to the bank. The development of technological innovations, as well as innovations in finance, has undoubtedly contributed to increasing efficiency in business, but the question is whether the increasing digitalization of life and business, which is reflected in the creation of a cashless society, is still so desirable for humanity. The paper focuses on the socio-economic aspects of withdrawing cash from use. On the one hand, states are given the opportunity to influence economic activities even more directly through their central banks, while on the other hand, the issue is raised concerning human freedoms and rights in the digital world, in which it will be possible to electronically control the entire business.


2018 ◽  
Vol 5 (1) ◽  
pp. 170-176
Author(s):  
Liliana Ilie

Resumen: En la era del boom tecnológico en la que todas las actividades diarias se ven afectadas por el uso de nuevas tecnologías, es importante descubrir las carencias de la enseñanza de la traducción e interpretación en general y de la traducción e interpretación especializada en lenguas minoritarias en particular. Además, en la actual sociedad multicultural resulta esencial poder dominar las herramientas informáticas que tienen como propósito facilitar el trabajo del traductor/intérprete y eso se puede realizar a través de un esfuerzo coordinado entre las distintas instituciones formativas a nivel nacional e internacional. En este breve trabajo nos proponemos, por un lado, presentar algunos proyectos e iniciativas relacionados con la formación de los alumnos de Traducción e Interpretación en el campo de las tecnologías de información y comunicación y, por otro, describir algunas herramientas de utilidad para la creación de corpus por los mismos alumnos en general y por los alumnos de combinaciones lingüísticas que cuentan con pocos diccionarios bilingües, como la combinación rumano-español.Abstract: In the era of the technological boom, in which all daily activities are affected by the use of new technologies, it is important to discover the shortcomings of the teaching of translation and interpretation in general and of translation and specialized interpretation in minority languages in particular. Moreover, in today's multicultural society, it is essential to be able to master computer tools that have the purpose of facilitating the work of the translator / interpreter and this can be done through a coordinated effort between the different training institutions at national and international level. This short paper has two aims: on the one hand, to present some projects and initiatives related to the training of Translation and Interpreting students in the field of information and communication technologies and, on the other hand, to describe some useful tools for the creation of corpus by the students in general and by the students of linguistic combinations that have few bilingual dictionaries, such as students from the Romanian-Spanish combination, among other minority languages.


Sign in / Sign up

Export Citation Format

Share Document