scholarly journals Compensations of Top Executives and M&A Behaviors: An Empirical Study of Listed Companies

2020 ◽  
Vol 8 (4) ◽  
pp. 64
Author(s):  
Jiao Xue ◽  
Heng Fan ◽  
Zhanxun Dong

This study empirically examines the relationship between executive compensation and mergers and acquisitions (M&A) behaviors by identifying the influence of short- and long-term incentive on the propensity and scale of M&A. When the short-term incentive is insufficient, M&A behaviors serve as a beneficial compensation mechanism. Thus, lack of executives’ incentive promotes the propensity to engage in M&A and significantly affects the scale of M&A. With regard to long-term incentives, M&A behaviors serve as a beneficial creation mechanism. Shareholding of executives promotes M&A propensity, and does not significantly affect the scale of M&A. This study significantly contributes to research in M&A behaviors by revealing the beneficial distribution mechanisms of M&A behaviors.

2014 ◽  
Vol 12 (1) ◽  
pp. 169-179
Author(s):  
Tao Zhang ◽  
Hedy Jiaying Huang ◽  
Keith Hooper

This paper aims to investigate the private placement of equity (PPE) by asset injection in China. It analyzes the influence to shareholders’ wealth and performance in the state-holding listed companies and private-holding listed companies. The key findings of this paper are the shareholders’ wealth and performance increased in the short-term, but decreased in long-term after announcement of asset injection by major shareholders. After asset injection, the state-holding listed companies experience larger decline in the long-term shareholders wealth and performance than private-holding listed companies.


2019 ◽  
Vol 4 (2) ◽  
pp. 110-118
Author(s):  
Muhamad Muin ◽  

This study aims to analyze the relationship between the rupiah exchange rate (RER) and the money supply (M1) on the outgrowth of the consumer price index (CPI) in Indonesia. The data used in this study are monthly data series from January 2005 to January 2019. The results of this empirical study shows that there is a relationship between RER and M1 on CPI in the long term and there is a correction in the short term balance (ECM) which is influenced by M1. All of these variables are significant at α = 5% and partly significant at α = 1%.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kyle Turner ◽  
Craig A. Turner ◽  
William H. Heise

Purpose The purpose of this paper is to introduce and test a portfolio view of a firm’s corporate social responsibility (CSR) activities. Drawing from stakeholder theory and the dynamic capabilities literature, the authors introduce CSR portfolio diversity and dynamism as key portfolio characteristics that have differential impacts across short- and long-term performance contexts. Design/methodology/approach The study draws from the Kinder, Lydenberg and Domini database to examine CSR portfolio diversity and dynamism across seven dimensions of CSR activities. The authors test the direct and indirect relationships between CSR portfolio characteristics and both short- and long-term performance outcomes to assess the opportunities and challenges associated with managing a diverse and dynamic CSR portfolio. Findings The findings suggest that a diverse portfolio of CSR activities positively impacts long-term performance; however, CSR portfolio diversity yields negative performance outcomes in the short-term. The authors also find that CSR portfolio dynamism moderates the relationship between CSR level and firm performance, such that a dynamic portfolio of CSR positively moderates the relationship between a firm’s CSR level and long-term performance; however, it negatively moderates the relationship between CSR level and short-term performance. Originality/value This study integrates insights from the literature that examine the independent effects of individual CSR activities and the broader perspective that assesses the aggregated summation of CSR activities in relation to firm performance. By taking a portfolio perspective, the present study provides a unique integration of these two research streams to examine the performance implications of engaging in a diverse and dynamic range of CSR activities.


2015 ◽  
Vol 36 (5) ◽  
pp. 924-945 ◽  
Author(s):  
STEPHEN JIVRAJ ◽  
JAMES NAZROO ◽  
MATT BARNES

ABSTRACTThe benefits of engagement with social activities on health and wellbeing are widely reported by gerontologists. Less is known, however, about what drives withdrawal from and re-engagement with social activities in later life. This is an important area of research which has direct implications for public policies that aim to ensure equitable outcomes among older adults. Much of the existing literature supports continuity theory which assumes people will not alter their level of social engagement as they age or after life-changing events. This paper uses data from the English Longitudinal Study of Ageing over an eight-year period (2002–2010) to determine the effect of short-term changes in marital, employment and health status over an initial four-year period on the dynamics of social detachment over the following four years. We control for underlying socio-economic disadvantages built up during the lifecourse and find that these effects, including poor education, wealth and health, are the most important determinants of persistent detachment from social activities as well as movement into and out of social detachment. The effects are consistent in men and women. The effects of short-term changes in marital and employment status have little effect on social detachment. Recent deterioration in health, however, predicted movement into social detachment, which implies the relationship between health and social detachment is reciprocal.


2017 ◽  
Vol 5 (4) ◽  
pp. 241-250 ◽  
Author(s):  
Ann Lantagne ◽  
Wyndol Furman ◽  
Jamie Novak

Traditionally, studies of romantic relationship dissolution in emerging adulthood have only examined predictors of relationship dissolution within the next few months to a year. The present study explored contextual-, relationship-, and individual-level predictors of breakups over a total of 6 years, both in the short-term (1 year after data collection) and in the long-term (an additional 5 years). Data were collected from a community-based sample (100 males, 100 females, ages 18–24). With regard, to dissolution in the short-term, lower levels of relationship support and romantic appeal predicted that the relationship dissolved sooner. For relationships that had not dissolved within the next year, these same predictors, as well as life stress, negative interactions, externalizing symptoms, substance use, and age, predicted time to dissolution over the following 5 years. Findings highlight the importance of simultaneously examining contextual, relationship, and individual levels of short- and long-term predictors to better understand relationship dissolution.


2020 ◽  
Vol 214 ◽  
pp. 01032
Author(s):  
Shide Feng ◽  
Zhaokai Wang

The paper is to analyze the relationship between Global Economic Growth and Global Mergers and Acquisitions. After applying empirical analysis, conclude that Global Economic Growth and Global Mergers and Acquisitions have mutual influences on each other in the long-term period. In the short-term period, the results show the same trend. But in some short certain periods like rapid economic recessions, the trend shows the other way around. The paper also analyzes the economic intuitions of the mutual influences.


2016 ◽  
Vol 5 (3) ◽  
Author(s):  
Fahd Al-Duais

The relationship between level of debt and the companys performance remains an important unsolved issue in the field of financing. It is very important to know how Chinas listed companies manage their capital towards business growth. This paper investigates the impact of the capital structure on corporate performance of a sample of 711 listed companies on the Shenzhen Stock Exchange in China in 2014. The results indicates that there is a positive relation between financial leverage and corporate performance as well as there is a positive impact that the mixture of long-term debt and short-term debt (using total debt). This would help decision maker in the companies to finance firms operation in the both periods. On the other hand, the short term debt has a negative relation and impact on corporate performance compared to the changing in firm size which cannot change in the profitability of firms.


2011 ◽  
Vol 129 (2) ◽  
pp. 77-84 ◽  
Author(s):  
Marcos Bosi Ferraz ◽  
Rafael Teixeira Azevedo

CONTEXT AND OBJECTIVE: Healthcare investments should consider short and long-term demands. The objectives here were to compare the average tenures of ministers of health in Brazil and in another 22 countries and to evaluate the relationship between ministers' tenures and a number of indicators. DESIGN AND SETTING: Descriptive study conducted at Centro Paulista de Economia da Saúde (CPES). METHODS: Twenty-two countries with the highest Human Development Indices (HDIs) and Brazil were included. The number of ministers over the past 20 years was investigated through each country's Ministry of Health website. Pearson's correlation coefficient was used to compare the number of ministers in each country with that country's indicators. The Mann-Whitney test was used to compare ministers' tenures in Brazil and other countries. RESULTS: The mean tenure (standard deviation, SD) of Brazilian ministers of health was 15 (12) months, a period that is statistically significantly shorter than the mean tenure of 33 (18) months in the other 22 countries (P < 0.05). There was a moderate and statistically significant positive correlation between the number of ministers and mortality rates for several conditions. The number of ministers also presented moderate and statistically significant negative correlations with per capita total healthcare expenditure (r = -0.567) and with per capita government healthcare expenditure (r = -0.530). CONCLUSION: On average, ministers of health have extremely short tenures. There is an urgent need to think and plan healthcare systems from a long-term perspective.


2021 ◽  
Vol 33 (1) ◽  
Author(s):  
Nazeer Joseph ◽  
Carl Marnewick

Information systems (IS) project success has been a perennial bane of many researchers. Although there are short, medium and long-term dimensions to success, the reality is that they are inseparably linked. Time plays a significant role as a stakeholder, such as a project manager who has short-term interests. In contrast, a business executive has long-term interests for the organisation as a whole. Project success is arguably a continuum where each dimension plays a role in realising long-term benefits for the organisation. This research investigates IS projects specifically to understand the argued correlation between short, medium and long-term project success dimensions. A total of 612 valid responses were collected through an online questionnaire. Quantitative analysis through PLS-SEM was conducted to reveal the correlation between success dimensions. The overall implication is that short-term IS project success does not directly correlate with long-term IS project success. However, there is a clear correlation between the time phases of IS project success. This research shows medium-term success mediates the relationship and correlation of short and long-term success. While literature acknowledges the relationship literature, this research confirms this notion and proves a significant correlation between each IS project success dimension over time.


2017 ◽  
Vol 63 (3) ◽  
pp. 368-374
Author(s):  
Olga Churuksaeva ◽  
Larisa Kolomiets

Due to improvements in short- and long-term clinical outcomes a study of quality of life is one of the most promising trends in oncology today. This review analyzes the published literature on problems dealing with quality of life of patients with gynecological cancer. Data on quality of life with respect to the extent of anticancer treatment as well as psychological and social aspects are presented. The relationship between quality of life and survival has been estimated.


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