Search results for "Merger"

Merger policy in innovative industries

2016

We analyze optimal merger policy in R&D-intensive industries with product innovation aiming to improve the quality of products. Our results suggest that a permissive merger policy is rarely optimal in high-tech industries when the antitrust authority considers a welfare standard that balances the impact of mergers on con- sumers’ surplus and firms’ profits. In particular, relative to a benchmark where the effects from R&D are absent, we show that the optimal merger policy should not be substantially more permissive in the presence of those effects from R&D. info:eu-repo/semantics/publishedVersion

Analyzing the Current Phase of the OSS/BSS Software Market

2009

In this section, the evolution of the OSS/BSS software industry is described, and the current phase of the OSS/BSS software market is analyzed using quantitative data. The first analysis uses the viewpoint of the general industry lifecycle stage models. This is followed by an analysis from the viewpoint of the vertical software market evolution model. The last section analyses the mergers and acquisitions of the OSS/BSS market from the last few years.

Mergers and Acquisitions (M&A) as Modern Ways of Investments

2015

The decrease in business activity and the fall in the production volume in the sectors of economy relying on long-term crediting is characteristic feature of the modern recessions. The pessimistic expectations of entrepreneurs concerning product demand leads to falling direct investment into business despite unlimited investment opportunities due to the developed capital markets nowadays. As a result it has created the opportunity for the development of the acquisition of enterprises. Potential investors are different and their investment motivation is different, but the goal is the same – to increase the value of the business and its efficiency as a result of mergers and acquisitions. Ho…

Financial Synergies of Mergers and Acquisitions: Between Intentions and Achievements

2018

With whom to merge? A tale of the Spanish banking deregulation process

2010

We propose a spatial competition model to study banks’ strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale associated to merging activities are low. If there are large gains, then there will be mergers between savings and commercial banks.

The Impact of Mergers and Acquisitions and Sustainability on Company Performance in the Pharmaceutical Sector

2021

The primary goal of this study was to determine the impact of mergers and acquisitions (M&amp

The Anatomy of a Merger Process in the Greater Oslo Region

2016

This chapter provides an analysis of the merger of the two Norwegian university colleges of Oslo and Akershus, which led to the establishment of the Oslo and Akershus University College of Applied Sciences in 2011. It is designed as a contribution to the understanding of mergers – as we are learning from experience. The data collected is based on document analysis and semi-structured interviews (conducted during the spring of 2014) with key internal and external people involved with the merger process. Three aspects are analysed in detail: (a) the background to and motivation behind the merger; (b) the relationship between actors belonging to the two organisations; and (c) communication pro…

Foreign Investment, Strategic Assets and National Security (Table of Contents)

2018

At the time of a paradigm change Foreign Investment, Strategic Assets and National Security is a timely analysis of the changing attitude towards foreign investment in major economies, namely the United States of America, the People’s Republic of China, Australia, Canada, and Germany, France and the United Kingdom as representatives of the European Union. Foreign investment has grown steadily for decades and the de-regulation of international trade and investment was a widely accepted trend, particularly in developed countries. Increasingly, however, this development is encountered by opposition. Globalisation and socio-economic effects of mergers and acquisitions of domestic firms by forei…

Co-determination and Merger Incentives from Transfers of Wealth: Firm Owners vs. Workers

2010

When workers can capture rents from their influence on corporate decisions, mergers can become a device to generate transfers of wealth. This paper examines the merger incentives from these transfers of wealth. It is found that worker influence increases merger profitability, in line with the owners’ incentive to use mergers to reduce the rents captured by workers. In contrast, the workers’ merger incentives are shown to be decreasing in their own degree of influence on the merger decision, in line with the view according to which workers can be used by incumbent managers as a defensive instrument in acquisitions.

The Many Guises of Nordic Higher Education Mergers

2016

In this final chapter, the volume’s editors reflect upon the empirical and theoretical contributions from the book. The chapter is structured according to a number of ‘dimensions’ which have appeared in the previous chapters. It is concluded that the historical contexts and path dependencies play crucial roles also in the case of mergers. Furthermore, the importance of key actors is highlighted, not least the role played by formal top leaders, but also informal brokers and change agents at the institutional level. In terms of future research, two lines of inquiry are identified. The first is to delve deeper into process-related issues, which is still an unexplored aspect of mergers, and the…