Search results for " M&"
showing 3 items of 3 documents
Greenfield or M&A? An institutional and learning perspective on the establishment mode choice of Chinese outward investments
2020
Abstract We develop and test a model of Chinese greenfield investments using institutional and learning theories. Both the host country institutional context and the firm's international characteristics affect the establishment mode. Using 152 Chinese emerging market multinationals (EMNEs) with 401 subsidiaries distributed in 26 countries from 2003 to 2013, we build a database of 284 pairs of host country/Chinese firms to test two hypotheses. We find that, first, governance environment affects the establishment mode: greenfield investments are preferred over acquisitions in relation-based host markets, and M&As are preferred in rule-based countries. Second, the depth of Chinese EMNEs' inter…
Assessing Metacomprehension and Metacognitive Reading Strategies
2019
The aim of the study was to establish the similarities and differences among existing instruments for measuring metacognition, in particular the awareness of reading comprehension and further to construct an original instrument for measuring features of metacognition, henceforth referred to as the Metacomprehension and Metacognitive Reading Strategies (M&MRS) Inventory. The M&MRS Inventory was distributed to 115 students at University of Palermo. The results revealed a good reliability
From “Strategic Fit” to Synergy Evaluation in M&A Deals
2012
The aim of this paper is to grasp the processes underlying the genesis and assessment of synergies in M&A deals. We proceed to an in-depth scrutiny of the foundations of synergies using Porter’s model of the value chain. A discernment of the nature of synergies and the mode of their emergence is helpful to clarify to what extent and under which boundary conditions it is appropriate to apply the DCF or the real option techniques for evaluating each type of synergy. Combining both financial tools, the methodology suggested for evaluating the synergies is able to: evaluate projects of M&As, orient the selection of target firms and the definition of the premium of acquisition, and drive…