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synergy). We show that the existence of positive synergies implies declining expected prices. When synergies are negative … simultaneously as a bundle or sequentially when synergies are positive. Second, when synergies are negative, the expected revenue … addition, in the presence of positive synergies, an option to buy the additional object at the price of the first object is …
Persistent link: https://www.econbiz.de/10009448603
The thesis investigates the impact of endogenous financial synergies on the product market behavior of merging firms …. Examining a diversifying merger of risk-neutral firms in unrelated product markets, it finds that purely financial synergies … aspects of mergers and acquisitions that cause financial synergies are therefore important for the assessment of unilateral …
Persistent link: https://www.econbiz.de/10009449718
demand side policies, and the potential synergies between them, in an asymmetric monetary union that faces a liquidity trap … rates produces positive synergies between the three policies: forward guidance reinforces the expansionary effects of …
Persistent link: https://www.econbiz.de/10012530499
their experience and profession. These differences in their opinions bring many conflicts concerning classification of the …
Persistent link: https://www.econbiz.de/10011315781
This study focuses on the role of structured derivative securities to meet diverse corporate financing objectives in the light of agency theory and asymmetric information. The focus is on the nonconvertible callable-puttable fixed-coupon bonds. The primary objective is to discern the marginal...
Persistent link: https://www.econbiz.de/10009431118
firm's stakeholders, thereby facilitating CSR activity. However, exploring single variable …
Persistent link: https://www.econbiz.de/10009434934
Corporate citizenship is a strategic imperative, one that can significantly affect firm competitiveness. However, there is little research to demonstrate what actually shapes or drives firms towards a more proactive posture with respect to corporate citizenship. This paper makes a case that...
Persistent link: https://www.econbiz.de/10009434956
projects in order to achieve multi-outcome objectives of government. However, the best way of engaging with stakeholders in the … stakeholders within the planning and delivery of public works in Australia, this paper will examine a distinctive aspect of the … mechanism for understanding how to engage stakeholders in the planning and delivery of infrastructure projects in a democratic …
Persistent link: https://www.econbiz.de/10009437574
The traditional theory of the firm, as presented in virtually all economics textbooks, implicitly treats the firm as an owner-managed, or entrepreneurial, entity. In reality, ownership and control of the firm are often separated. The consequent delegation of tasks and information asymmetry lead...
Persistent link: https://www.econbiz.de/10009437723
often interpreted differently among multiple stakeholders. For road infrastructure projects which typically span over long … potential impacts. This research identified the common perceptions and expectations by different stakeholders towards achieving … sustainability in road and highway infrastructure projects. Face to face interviews on selected representatives of these stakeholders …
Persistent link: https://www.econbiz.de/10009437941