Showing 1 - 10 of 2,677
Persistent link: https://www.econbiz.de/10008937170
Purpose – The purpose of this paper is to discuss whether insurers could have a strong motivation for M&A in the future because they need to survive within the industry under oversaturated market conditions. Recently, Japanese non-life insurance markets, mainly the automobile insurance market,...
Persistent link: https://www.econbiz.de/10012976721
This paper investigates whether and how prior alliance relationships create value in the context of subsequent mergers between partner firms. We argue that an acquirer's prior alliance experience with the target reduces information asymmetry and thus improves acquisition performance....
Persistent link: https://www.econbiz.de/10012937976
This teaching case recites the history of KLM's, the merging process with Air France and post-merger developments. The case, written from the orientation of KLM, takes place since before the merger until today with full financial details. The case recites the complex web of alliances KLM was...
Persistent link: https://www.econbiz.de/10014165927
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to...
Persistent link: https://www.econbiz.de/10003973480
Purpose - The purpose of the study is to analyse dynamic capabilities of emerging market firms, contributing to research on the relationship between dynamic capabilities and firm performance. The paper develops six hypotheses, employing a dynamic capability perspective to analyse alliance and...
Persistent link: https://www.econbiz.de/10014350330
The financial and banking services sector has always been one of the most important in the world economy, in Mexico it … Foreign Direct Investment since the opening trade economic policy of Mexico. The increase in FDI inflows to Mexico have been … amounts in the history of receiving FDI by Mexico, the acquisition of Banamex allowed competition in the financial sector and …
Persistent link: https://www.econbiz.de/10012963708
The financial and banking services sector has always been one of the most important in the world economy, in Mexico it … Foreign Direct Investment since the opening trade economic policy of Mexico. The increase in FDI inflows to Mexico have been … amounts in the history of receiving FDI by Mexico, the acquisition of Banamex allowed competition in the financial sector and …
Persistent link: https://www.econbiz.de/10012994928
We conceptualize mergers as one of several strategies for creating value and study merger performance by evaluating the performance of firms employing an acquisitive strategy. Relative to other firms, acquisitive firms are valued lower, innovate less, and exhibit lower employee and total factor...
Persistent link: https://www.econbiz.de/10012853187
In merger agreements, the seller makes contractual representations and warranties (“reps”) about the state of the target, e.g., attesting to the accuracy of the target’s financial statements. We obtain a proprietary sample of claims for breaches of the reps in acquisition agreements...
Persistent link: https://www.econbiz.de/10013247701