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Recent studies [Bebchuk and Fried (2002)] have shown that managerial power and negotiations play important roles in the design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when provided with the opportunity. This paper seeks to...
Persistent link: https://www.econbiz.de/10009466153
Corporate restructuring is normally analyzed with reference to economic imperatives and the inherited geographical structure of production. The economic landscape is assumed to be the consequence of private decisions made in response to these structural factors. If understanding and empirically...
Persistent link: https://www.econbiz.de/10009441381
This article reports on the impact of corporate restructuring on middle management at Australia's largest specialty retailer. The first section reviews existing literature on middle managers in the context of organisational change. This is followed by an overview of the particular...
Persistent link: https://www.econbiz.de/10009448029
We analyze a large database collected from newspaper articles that report on major episodes of corporate restructuring in Japan between 1981 and 2007. By linking this database with financial data on public firms, we identify changes in the likelihood that a distressed undergoes restructuring, as...
Persistent link: https://www.econbiz.de/10009472114
There is a growing realisation from the Australian government that new models of health care will need to be developed to address the disparity of access, increasing demand and escalating cost of traditional means of delivering health care. There is growing evidence showing health care services...
Persistent link: https://www.econbiz.de/10009448597
Objectives: To determine the level of adoption and which characteristics are most strongly associated with the adoption of a clinical innovation in Mental Health and Addiction Service organizations in Ontario, one year after dissemination. Methods: This cross-sectional study included a voluntary...
Persistent link: https://www.econbiz.de/10009455382
Incluye bibliografía ; Este trabajo utiliza datos de panel de olas 2002-2010 del Panel Socioeconómico Alemán, a fin de evaluar el impacto que la privación en términos de renta familiar tiene sobre el bienestar mental. La heterogeneidad no observable está controlada a través de un modelo...
Persistent link: https://www.econbiz.de/10012530421
This dissertation examines the relative importance of the information effect oncorporate takeover in total takeover …-offer. Overall, the corporatetakeover bid generates information gains up to 15 percent of total takeover gains.It also develops a … the sources of takeover gains? Dotakeovers create value? Why are stock offers more common? Who gains from suchtransactions …
Persistent link: https://www.econbiz.de/10009465227
, we examine the effect of the market reaction to a takeover announcement in conjunction with divergence of opinion on deal … Australian acquirers and 584 targets and find some evidence that managers in takeover negotiations listen to the acquirer market … analysed this mpact. We find that by using divergence of opinion to predict takeover success, we can build a merger arbitrage …
Persistent link: https://www.econbiz.de/10009484192
A two-stage procedure is employed to evaluate the determinants of merger and acquisition (M&A) activity in Australian credit unions over the period 1992/1993 to 1994/1995. In the first stage, data envelopment analysis (DEA) is used to calculate technical and scale efficiency indices for a sample...
Persistent link: https://www.econbiz.de/10009437446