This article addresses the question whether companies from emerging economies create shareholder value through foreign acquisitions. The popular business press usually views these foreign acquisitions very positively. The stock markets have often reacted negatively to the acquisitions. The...

This paper investigates the economic role of bank mergers in creating shareholder value based on the idea that shareholder wealth will increase if the consolidation leads to the aforementioned gains. This paper is divided into seven sections. The second section of my paper provides an academic...

Der Anstoß zu diesem Projekt kam beim Lesen eines Artikels in einem Wirtschaftsmagazin zum Einsatz des Brettspiels "Go" (abgewandelt 'Gobang') im Training des Managementnachwuchses in Japan und Südkorea. Dieses jahrtausendealte Spiel (siehe unten) wird in diesen Ländern zum Erlernen...

This paper evaluates the valuation accuracy of the price-earnings (P/E), the price-book (P/B) and a combined price-earnings and price-book (P/E-P/B) benchmark valuation methods. Performance of the benchmark valuation methods relies on the definition of comparable firms. In this paper, comparable...

Bei einerseits wachsendem Umweltbewusstsein der Gesellschaft und andererseits abnehmender Ressource "Natur" gewinnen Naturschutzprojekte zunehmend an Bedeutung. Gleichzeitig werden die Durchführungs- und Unterhaltskosten für eine Projektrealisation zunehmend wichtiger. Aus dieser Entwicklung...

Strategic management of the firm includes the strategic management of information technology in the context of business relationships. Firms do not exist in isolation. Multiple constituents make up a relationship network that constitutes the vital resources needed to fulfil the mission of a...

Purpose – The purpose of this paper is to focus on the intense research activity with regard to the project inception stage. The need to establish the project parameters and performance requirements is crucial to the success of any construction project. Many organizations have been developing...