Mergers and Acquisitions in the Shipping Industry: The Effect on Corporate Value

2013 ◽  
Author(s):  
Osvaldo Rodrigues de Araujo Rios ◽  
Heather Leggate McLaughlin
Keyword(s):  
Mergers And Acquisitions ◽  
Corporate Value ◽  
Shipping Industry

Mergers And Acquisitions In The Shipping Industry

2011 ◽  
Vol 27 (4) ◽  
pp. 9 ◽  
Author(s):  
Andreas G. Merikas ◽  
Dionysios Polemis ◽  
Anna Triantafyllou
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Statements ◽  
Transport Sector ◽  
Maritime Transport ◽  
Shipping Industry ◽  
The Past ◽  
Logit Regression ◽  
Financial Characteristics ◽  
Difficult Area ◽  
Gain Access

<p>The purpose of our research is to analyze Acquired and Acquiring companies in the Maritime Transport sector in order to determine whether the two groups can be distinguished from each other based on their different financial characteristics. Although this area of research is considered as very fruitful by many academics, it was given less attention due to the rare sequence of such events and the difficulty to gain access to valuable data. The authors are not aware of any other papers that have examined the maritime transport sector in such a way in the past.</p><p>However, since many shipping companies have taken the opportunity to access stock markets around the world, in order to gain equity finance to upgrade or expand their merchant fleets, their financial statements became public. Moreover, the fact that over the last decades Mergers and Acquisitions are considered by many managers as very efficient method of company expansion, the view of the past that considered Mergers &amp; Acquisitions in the maritime sector as a difficult area of research is starting to change.</p><p> The study will be based upon a sample of 60 companies, consisting of 37 targets (either through merger or acquisition), occurring during the calendar years from 1994 to 2009 and 23 acquirers (some of them multiple acquirers). In the analysis, ratios measuring different aspects of business activity will be investigated; such as profitability, liquidity, efficiency and leverage, with the utilization of multiple Logit Regression Analysis.</p>

Mergers and Acquisitions: Sharing Lessons Learned

2011 ◽  
Author(s):  
Robin R. Cohen ◽  
Kim Stepanski ◽  
Miriam Ort ◽  
Eryn A. O'Brien
Keyword(s):  
Mergers And Acquisitions ◽  
Lessons Learned

Russia’s Market of Mergers and Acquisitions: Stages, Features and Prospects

2009 ◽  
pp. 23-45 ◽  
Author(s):  
A. Radygin
Keyword(s):  
Open Access ◽  
Mergers And Acquisitions ◽  
Corporate Control ◽  
Active Role ◽  
Data Bases ◽  
2008 Financial Crisis ◽  
Legal Norms ◽  
Role Of The State ◽  
Access Data

The article deals with key tendencies in the development of Russia’s market of mergers and acquisitions in the first decade of the 21st century. Quantitative parameters are analyzed by using available in the open access data bases for the years 2003-2008 taking into consideration new tendencies relating to 2008 financial crisis. An active role of the state played in the market of corporate control represents an important factor. Special attention is given to issues of development of Russia’s system of legal norms regulating the market of mergers and acquisitions.

Mergers and Acquisitions Financing: The Russian Case

2007 ◽  
pp. 85-96 ◽  
Author(s):  
I. Kasparova
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Low Cost ◽  
Corporate Control ◽  
Main Role ◽  
Western Countries ◽  
Business Market

The article considers the financial tools of corporate control transfers and mergers and acquisitions financing forms. In western countries tax and informative factors are more important, but in the Russian business market lack of development of the stock market and low cost of securities of Russian companies play the main role. The analysis has shown that in Russia the monetary form of M&A financing dominates over other financing forms (90% of reviewed cases), still there are individual cases of M&A financing by buying company’s shares (10% of reviewed cases).

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.

PERAN DESIGNATED PERSON ASHORE (DPA) DALAM PENGOPERASIAN KAPAL YANG AMAN SESUAI KETENTUAN NASIONAL DAN INTERNASIONAL

2019 ◽  
Vol 20 (1) ◽  
Author(s):  
Suganjar Suganjar ◽  
Renny Hermawati
Keyword(s):  
Marine Environment ◽  
Emergency Preparedness ◽  
Safety Management ◽  
Shipping Industry ◽  
Safe Operation ◽  
International Regulation ◽  
Loss Of Life ◽  
Shipping Company ◽  
Environmental Protection Policy ◽  
Human Injury

<p><em>Safety management in the shipping industry is based on an international regulation. It is International Safety Management Code (ISM-Code) which is a translation of SOLAS ‘74 Chapter IX. It stated that t</em><em>he objectives of the Code are to ensure safety at sea, prevention of human injury or loss of life, and avoidance of damage to the environment, in particular, to the marine environment, and to property.it is also</em><em> requires commitment from top management to implementation on both company and on board. The implementation of the ISM-Code is expected to make the ship’s safety is more secure. The ISM-Code fulfillment refers to 16 elements, there are; General; Safety and Environmental Protection Policy; Company Responsibility and Authority; Designated Person(s); Master Responsibility and Authority; Resources and Personnel; Shipboard Operation; Emergency Preparedness; Report and Analysis of Non-conformities, Accidents and Hazardous Occurrences; Maintenance of the Ship and Equipment; Documentation; Company Verification, Review, and Evaluation;  Certification and Periodical Verification; Interim Certification; Verification; Forms of Certificate. The responsibility and authority of Designated Person Ashore / DPA in a shipping company is regulated in the ISM-Code. So, it is expected that DPA can carry out its role well, than can minimize the level of accidents in each vessels owned/operated by each shipping company.</em></p><p><em></em><strong><em>Keywords :</em></strong><em> ISM Code,</em><em> </em><em>Safety management, </em><em>Designated Person Ashore</em></p><p> </p><p> </p><p>Manajemen keselamatan di bidang pelayaran saat ini diimplementasikan dalam suatu peraturan internasional yaitu <em>International Safety Management Code</em> (<em>ISM-Code</em>) yang merupakan penjabaran dari <em>SOLAS 74 Chapter IX</em>-<em>Management for the safe operation of ships</em>. Tujuan dari <em>ISM-Code</em> <em>“The objectives of the Code are to ensure safety at sea, prevention of human injury or loss of life, and avoidance of damage to the environment, in particular, to the marine environment, and to property”</em> dan  <em>ISM-Code</em> menghendaki adanya komitmen dari manajemen tingkat puncak sampai pelaksanaan, baik di darat maupun di kapal.  Pemberlakuan <em>ISM-Code</em> tersebut diharapkan akan membuat keselamatan kapal menjadi lebih terjamin. Pemenuhan <em>ISM-Code</em> mengacu kepada 16 elemen yang terdiri dari ; umum; kebijakan keselamatan  dan perlindungan lingkungan; tanggung jawab dan wewenang perusahaan; petugas yang ditunjuk didarat; tanggung jawab dan wewenang nahkoda; sumber daya dan personil; pengopersian kapal; kesiapan menghadapi keadaan darurat; pelaporan dan analisis ketidaksesuaian, kecelakaan dan kejadian berbahaya; pemeliharaan kapal dan perlengkapan;  Dokumentasi; verifikasi, tinjauan ulang, dan evaluasi oleh perusahaan; sertifikasi dan verifikasi berkala; sertifikasi sementara; verifikasi; bentuk sertifikat. Tugas dan tanggungjawab <em>Designated Person Ashore/DPA </em>didalam suatu perusahaan pelayaran<em>, </em>telah diatur di dalam <em>ISM-Code.</em>  Sehingga diharapkan agar DPA dapat melaksanakan peranannya dengan baik, sehingga dapat menekan tingkat kecelakaan di setiap armada kapal yang dimiliki oleh setiap perusahaan pelayaran.</p><p class="Style1"><strong>Kata kunci</strong> : <em>ISM Code</em>, Manajemen keselamatan, <em>Designated Person Ashore</em></p>

Sign in / Sign up

Export Citation Format

Share Document