A framework is proposed for analyzing the structure of a diversified business group, according to the function of firms in the group. The areas are: cash sources, financial firms (that facilitate cash flows among firms), firms allowing to keep property and control of the group, high expected...

The aim of this work is to give a perspective about the utility of the strategic alliances from the view of three theories: The resource-based theory, the industry-based theory and the institutional-based theory. The raised hypotheses were that the strategic alliances are useful to enter to the...

Difficult times have their own merits. This is as much true for an individual as it is for an organization. These are the times when the entire organization gets an opportunity to display its resilience through its innovative skills and creative abilities. Naveen K. Kshatriya, Chief Executive...

The aim of this paper is to analyze both internal and external aspects posing a risk in the operation for the multinational Johnson Controls in its subsidiaries in United States and Mexico from the point of view based on institutions; the main challenge to initiate the investigation is do have...

The market concentration doctrine predicts that a horizontal merger is more likely to have collusive, anticompetitive effects the greater the merger-induced change in industry concentration. Since a collusive, anticompetitive merger generates an increase in the industry's quality-adjusted...

The aim of this work is to give a perspective about the utility of the strategic alliances from the view of three theories: The resource-based theory, the industry-based theory and the institutional-based theory. The raised hypotheses were that the strategic alliances are useful to enter to the...

Theory shows that ownership stakes between firms can mitigate hold-up costs that wouldotherwise impede interfirm collaboration. We construct a model of the pharmaceutical industrythat predicts hold-up costs are an inverted U-shaped function of the collaborative drug’s likelihoodof approval....

As the world’s leading international financial centre, London faces fascinating opportunities and significant challenges in coming years as a result of Brexit, increased international competition from other global financial centres, and the changing face of finance itself. The City should...

The ongoing controversy over Melrose’s purchase of engineering company GKN illustrates many common misunderstandings about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their businesses, including whether a new management team could do...

The literature on competitive effects of common ownership has grown at a fast rate in the past two years. Anticompetitive effects have been confirmed with alternative reduced-form and structural estimation methods, in different industries, geographies and jurisdictions. Multiple independent...