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Aiming for superior performance, companies need to have and skillfully use rare, valuable, irreplaceable and inimitable resources, with special emphasis on intangibles, constructed in lengthy and risky processes or strategically accumulated via mergers and acquisitions (M&A). To analyze how the...
Persistent link: https://www.econbiz.de/10013079931
This paper provides empirical evidence on the effects of cross-border M&As on investing firms’ domestic performance in the U.K. and France. We build a new firm-level dataset that combines a global M&A database with balance sheet data for the years 2000–2007. Combining matching techniques...
Persistent link: https://www.econbiz.de/10014198173
This paper presents a study of competency-building according to two aspects: level of recognition by the organization and level of use. The study model defines four forms that competency may take: ad hoc responses, capitalization, institutionalisation, dynamic competency. This model is used for...
Persistent link: https://www.econbiz.de/10014220368
In this paper, we exploit the specificity of going-private transactions that are initiated by the historical controlling shareholders (i.e., voluntary delistings). In Continental Europe, the majority of firms that become private do so following a buyout offer with squeeze-out (BOSO); using this...
Persistent link: https://www.econbiz.de/10013115456
. The Egyptian takeover regulations generally discourage takeovers by empowering incumbent controllers and provide weak … protections for minority shareholders. The facts of the Mobinil case, the most recent takeover case in Egypt, support these … findings. This study shows, however, that adopting certain amendments can enhance the Egyptian takeover regulations …
Persistent link: https://www.econbiz.de/10013124160
In this paper, we exploit the specificity of going-private transactions that are initiated by the historical controlling shareholders (i.e., voluntary delistings). In Continental Europe, the majority of firms that become private do so following a buyout offer with squeeze-out (BOSO); using this...
Persistent link: https://www.econbiz.de/10013125514
This paper provides empirical evidence on the effects of cross-border M&As on investing firms' domestic performance in the U.K. and France. We build a new firm-level dataset that combines a global M&A database with balance sheet data for the years 2000-2007. Combining matching techniques with a...
Persistent link: https://www.econbiz.de/10003924467
. Second, it examines which individuals from which firms remain with the newly created entity after the takeover. Using a … active in the post-takeover period, with employees of the acquired firm being less likely to remain with the new entity in … the short term after takeover than those of the acquiring firm and with the differences between the two types of firms …
Persistent link: https://www.econbiz.de/10003289882
The purpose of this article is to study how the delegation of decision-making rights towards Small and medium-sized enterprises loan officers evolves as a result of bank mergers and acquisitions. Using the framework of organizational architecture theory as our starting point, we examine here one...
Persistent link: https://www.econbiz.de/10013003331
In 1970, France introduced disclosure rules governing public tender offers without changing an existing four-week minimum offer period. We document a substantial increase in total offer premiums thereafter. Post-1970 premiums are also significantly higher in public than in private tender offers...
Persistent link: https://www.econbiz.de/10013155942