Search results for "Merger"
showing 10 items of 79 documents
Finnish mergers : Change in the Context of Continuity
2016
This chapter focuses on three prominent university mergers in Finland which took place during the last decade. In order to understand the mergers and the developments that led to them, we highlight broader higher education policy change, most notably the making and implementation of the new Universities Act (558/2009). The changing discourse around the role of higher education (Nokkala, 2016) and the changing of the Universities Act took place in parallel to the merger processes, thus forming the broader political context which the structural development took place. In our analysis, we take as our central perspective the roles of the national actors to introduce national translations and so…
Transforming Finnish Higher Education : Institutional Mergers and Conflicting Academic Identities
2017
<p style="margin: 0cm 0cm 10pt;"> </p><p class="RESUMENCURSIVA">As in many other European countries also Finnish higher education system has witnessed several reforms over the past decade many of which originate in efforts to make more competitive and affordable higher education system. The aim of this paper is to describe the changes and institutional mergers in particular that have taken place in Finnish higher education and explore what kind of academic identities are constructed amid changes in Finnish higher education. The paper shows that the mergers followed the objectives set by the Finnish Ministry of Education and Culture for the structural development of the hig…
Narratives as a tool to study personnel wellbeing in corporate mergers
2009
This article presents the methodological solutions used in a study investigating personnel wellbeing in the context of mergers and acquisitions in the Nordic electricity business. There have happened rapid changes in working conditions in general and in the electricity business today in the Nordic countries as on a global scale. As a result, the notion of a secure job with the same employer lasting a whole lifetime career seems to have lost its meaning also in the Finnish electricity distribution sector. This has challenged the traditional idea of wellbeing. We wanted to see how a corporate integration is experienced by those whom it affects most: namely, personnel at different levels of th…
The THESEUS space mission concept: science case, design and expected performances
2018
THESEUS is a space mission concept aimed at exploiting Gamma-Ray Bursts for investigating the early Universe and at providing a substantial advancement of multi-messenger and time-domain astrophysics. These goals will be achieved through a unique combination of instruments allowing GRB and X-ray transient detection over a broad field of view (more than 1sr) with 0.5¿1 arcmin localization, an energy band extending from several MeV down to 0.3¿keV and high sensitivity to transient sources in the soft X-ray domain, as well as on-board prompt (few minutes) follow-up with a 0.7¿m class IR telescope with both imaging and spectroscopic capabilities. THESEUS will be perfectly suited for addressing …
L’actionnariat des salariés influencet-il la rémunération des dirigeants ?
2017
International audience; Cet article étudie la relation entre les composantes variables de la rémunération en actions de l’entreprise des dirigeants et des actionnaires salariés. En utilisant un échantillon de données issu du SBF 120 sur la période 2004-2009, nous étudions en particulier : (i) la relation entre le montant des stock-options attribuées aux dirigeants et l’actionnariat salarié ; (ii) la relation entre le rapport du montant des stock-options sur la rémunération totale des dirigeants et l’actionnariat salarié. La relation est significativement négative dans les deux cas montrant que l’actionnariat salarié tend à limiter la composante stok-options de la rémunération des dirigeants…
L’actionnariat des salariés influence-t-il la rémunération des dirigeants ?
2017
International audience; Cet article étudie la relation entre les composantes variables de la rémunération en actions de l’entreprise des dirigeants et des actionnaires salariés. En utilisant un échantillon de données issu du SBF 120 sur la période 2004-2009, nous étudions en particulier : (i) la relation entre le montant des stock-options attribuées aux dirigeants et l’actionnariat salarié ; (ii) la relation entre le rapport du montant des stock-options sur la rémunération totale des dirigeants et l’actionnariat salarié. La relation est significativement négative dans les deux cas montrant que l’actionnariat salarié tend à limiter la composante stok-options de la rémunération des dirigeants…
Massive relic galaxies prefer dense environments
2016
We study the preferred environments of $z \sim 0$ massive relic galaxies ($M_\star \gtrsim 10^{10}~\mathrm{M_\odot}$ galaxies with little or no growth from star formation or mergers since $z \sim 2$). Significantly, we carry out our analysis on both a large cosmological simulation and an observed galaxy catalogue. Working on the Millennium I-WMAP7 simulation we show that the fraction of today massive objects which have grown less than 10 per cent in mass since $z \sim 2$ is ~0.04 per cent for the whole massive galaxy population with $M_\star > 10^{10}~\mathrm{M_\odot}$. This fraction rises to ~0.18 per cent in galaxy clusters, confirming that clusters help massive galaxies remain unalter…
Allocating cost reducing investments over competing divisions
2007
This paper examines a three-stage model of divisionalization where, first, two parent firms create independent units, second, the parent firms allocate cost reduction levels over these units, and third, the resulting units compete in a Cournot market given their current costs of production. The introduction of the cost reduction phase is shown to reduce the incentives toward divisionalization severely, relative to other existing models. Namely, the scope for divisionalization in equilibrium reduces as the marginal cost of the cost reducing investment decreases, and eventually vanishes. A second-best welfare analysis shows that, for any given market structure, the equilibrium investment deci…
Equilibrium mergers in a composite good industry with efficiencies
2014
This paper studies equilibrium merging behavior in composite good industries. Component producers face the option to either merge with a similar component producer (horizontal merger) or a complementary one (complementary merger) of a composite good. Focusing only on strategic reasons, complementary mergers arise at equilibrium only when composite goods are very differentiated while horizontal mergers otherwise. Next, when efficiencies are considered, the level of marginal cost saving required for a horizontal merger in a composite industry to result in a non- increase in the upward price pressure index (UPPI) is greater as compared with the one in a regular industry. This result can be use…
New Challenges of Economic and Business Development – 2012 : Conference Proceedings (May 10 - 12, 2012, Riga, University of Latvia)
2012
Support for Conference Proceedings by ERAF Project "Support for the international cooperation projects and other international cooperation activities in research and technology at the University of Latvia" No. 2010/0202/2DP/2.1.1.2.0/10/APIA/VIAA/013