This paper examines the combination of cash and share payments proposed in the corporate acquisition process. Particularly, it analyzes the conditions of an optimal mixed payment in the context of an asymmetry of information. Using a model, we highlight that setting the conditions of payment is...

When trying to pull off a successful deal many senior executives focus their attention on economic synergies (1+12) and ignore that psychological synergies (1+1=1) are required to reap the financial benefits of mergers and acquisitions. The authors discuss common mistakes firms make in the...

This contribution is based on a previous review (Chanaron, 1999) and a critical analysis of various literature: academic articles and books, corporate documents, consultancy reports and interviews of key industry representatives.

What is the debate on Learning Organizations all about? In this paper we propose to demonstrate that the necessity to adapt to the socio-economic changes that have been transforming the way we think, live, learn and work over the last twenty years, makes of learning a condition of survival for...

For two decades, the share of trade in inputs, also called vertical trade, has been dramatically increasing. In reallocating trade flows to their original input-producing industries and countries, this paper suggests a new measure of international trade: "value-added trade" and makes it possible...