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This paper analyzes the role of the initial allocation of ownership rights in transactions where parties make relationship-specific investments and contracts are incomplete. If there is high mutual dependence in production, the initial allocation of ownership rights is irrelevant. This result...
Persistent link: https://www.econbiz.de/10005835440
This article gives reasons as to why Maslow's & ERG Theory of Needs is inaccurate. It also gives reasons why the same is inaccurate in an organizational perspective. The author also gives a alternative model of needs, namely the Nain Model, which is particularly applicable in an organizational...
Persistent link: https://www.econbiz.de/10011108921
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...
Persistent link: https://www.econbiz.de/10005836119
partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains … examining how merger bids and terminations affect the relative values of bidders attempting diversifying and focusing takeovers …
Persistent link: https://www.econbiz.de/10005837001
Nowadays high profile merger cases are becoming quite important and are taken as milestones of legal systems that … of the decisions made by the European Commission, as well as, the US Department of Justice in the merger case of two … competitive effects produced by such possible merger and the possible solutions in case of anticompetitive outcomes. The …
Persistent link: https://www.econbiz.de/10008919760
The impact that competition exerts on the incentives of firms to pass through reductions in their marginal costs is an important consideration in assessing the performance of alternate market structures. This paper examines the role of product differentiation on firm-specific and industry-wide...
Persistent link: https://www.econbiz.de/10008683283
Industries are transformed by the adoption of flexible production technologies and complementary changes in firms' organization. Some of the results of this transformation include companies extending their product lines and reshaping their relationships with outside partners. In this paper I...
Persistent link: https://www.econbiz.de/10008685052
occurs either with a merger, a partial merger, an acquisition or, most commonly, a failed rival league. Often the incumbent …
Persistent link: https://www.econbiz.de/10008685550
The valuation of synergy is vital to the success of any merger, however, given current valuation methodologies and the … complexity of the task; it is also the most challenging element of merger and acquisition pricing. Conventional valuation methods … elements and relations. If such a delicate system is segmented due to a merger, the outcome measured in turnover and profit …
Persistent link: https://www.econbiz.de/10008694022
information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that …€”to obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …
Persistent link: https://www.econbiz.de/10010699423