Search results for "porat"
showing 10 items of 1595 documents
The Idiosincrancies of the European M&A Market
2020
This paper provides a comprehensive descriptive analysis of the European market of mergers and acquisitions (MA 2) method of payment; 3) geographical scope; 4) target’s attitude; 5) bidders’ competition; 6) industry relatedness; 7) public status of the firms involved; and 8) acquirers’ ownership of targets before and after the transaction. Additionally, we identify the similarities and differences of this market with those of the dominant market worldwide, namely the US. Both markets show similar trends in their activity and the occurrence of waves concentrated around economic shocks. However, the European market notably exhibits higher levels of friendly and cash deals.
Institutional Path Dependence in Competitive Dynamics: The Case of Paper Industries in Finland and the USA
2016
Prior research on competitive dynamics has failed to offer tools to understand distorted patterns of competition that emerge from distinct institutional and historical contexts. Our analysis suggests that a joint effect of institutional rules, governance structures, and shared cognition plays a pivotal role in firm-level competitive behavior and capability development. We show how globally significant market positions can result from specific institutional arrangements between firms and governments, especially if coupled with interfirm contractual commitments. Our results call for more attention to these interfirm commitments that are built on formal rules and governmental support, but whos…
Algorithms, Artificial Intelligence and Automated Decisions about Workers and the Risks of Discrimination: The Necessary Collective Governance of Dat…
2018
Big data, algorithms and artificial intelligence currently allow entrepreneurs to process information about their employees in a far more efficient manner and at a much lower cost than has been the case until now. This makes it possible to profile workers automatically and even allows technology itself to replace human resources supervisors and managers and to make decisions that have legal effects on the employees (recruitment, promotion, dismissals, etc.). This entails great risks of discrimination by the technology in command, as well as the defencelessness of the worker, who is unaware of the reasons underlying such a decision. This study analyses the guarantees established in the exist…
Corporate ethical codes as strategic documents: An analysis of success and failure
2009
Ethical codes state the major philosophical principles and values in organizations and function as policy documents which define the responsibilities of organizations to stakeholders. They spell out the conduct expected of employees and articulate the acceptable ethical parameters of behavior in the organization. Most large US and multinational firms today have a code. If utilized effectively and embraced, codes can be key strategic documents in organizations for moderating employee behavior and reducing unethical actions. To be effective they must be communicated well and become a part of the culture of the organization. An ethical code from a major investment bank is analyzed in terms of …
CEOs entrenchment and shareholders' wealth
1998
In the agency relation between the shareholders and the CEO, everybody try toreinforce his or her position. For the CEO, it means the pursuit of a betterentrenchment, which allows him to reduce the risk of being dismissed. Theentrenchment model develops the importance for the CEO to get internal or externalconnections and to make efforts in order to attain a higher performance. From a sampleof 1747 annual observations concerning 258 CEOs of public firms for the 1966-1990period, empirical measures allow us to estimate the importance of internal networksand past performance by establishing a measure of CEO entrenchment. Furthermore,we observed, for the shareholders, the existence of an optimu…
Heterogeneous nucleation at a wall near a wetting transition: a Monte Carlo test of the classical theory
2009
While for a slightly supersaturated vapor the free energy barrier ΔF(hom)(*), which needs to be overcome in a homogeneous nucleation event, may be extremely large, nucleation is typically much easier at the walls of the container in which the vapor is located. While no nucleation barrier exists if the walls are wet, for incomplete wetting of the walls, described via a nonzero contact angle Θ, classical theory predicts that nucleation happens through sphere-cap-shaped droplets attracted to the wall, and their formation energy is ΔF(het)(*) = ΔF(hom)(*)f(Θ), with f(Θ) = (1-cosΘ)(2)(2+cosΘ)/4. This prediction is tested through simulations for the simple cubic lattice gas model with nearest-nei…
El gobierno de las cooperativas de crédito en España
2004
Este trabajo es un estudio del gobierno cooperativo, gobierno en el que las perspectivas de democracia empresarial y del gobierno corporativo confluyen. El gobierno de las cooperativas de crédito constituye el núcleo del análisis. Tal estudio se enmarca en un contexto de creciente interés por parte tanto del sector empresarial tradicional como de los poderes públicos hacia la problemática del buen gobierno de las empresas, también llamado gobierno corporativo, hacia la responsabilidad social de las empresas y hacia la participación (generalmente financiera) de los trabajadores en las empresas.
Co-Parenting: A Model of Value Creation in the Multinational Network
2017
We analyze a novel way to configure and manage multinational networks and propose a model of "co-parenting", characterized by the sharing of parenting roles and distribution of responsibilities between two units. We develop our argument around the notion of the springboard subsidiary, which has an extra-regional geographic mandate of a more strategic nature. Such extra-regional headquarters help parent firms overcome the liability of inter-regional foreignness. Based upon qualitative data, our model revolves around three stages: establishment, consolidation and maturity, each of which reflects distinct roles and knowledge flows among the three actors involved: HQ, springboard subsidiary and…
Religion, Empathy, and Cooperation: A Case Study in the Promises and Challenges of Modeling and Simulation
2019
The Cognitive Science of Religion (CSR) is developing a sophisticated naturalistic account of religion, grounded in empirical research. However, there are limitations to establishing an empirical basis for theories about religion’s role in human evolution. Computer modeling and simulation offers a way to address this experimental constraint. A case study in this approach was conducted on a key theory within CSR that recently has come under serious challenge: the Supernatural Punishment Hypothesis, which posits religion facilitated the shift from small, homogeneous social units to large, complex societies. It has been proposed that incorporating empathy as a proximate mechanism for cooperati…
Effects of Corporate Social Responsibility perception on consumer satisfaction with the brand
2016
Abstract Using two different studies we assess under what conditions Corporate Social Responsibility (CSR) affects consumer satisfaction. In the first study, based on the American Customer Satisfaction Index, and a content analysis of CSR initiatives reported by 65 US companies, findings show a positive direct relationship between CSR and customer satisfaction with CSR training and environmental initiatives, but a negative direct relationship between CSR corporate communication initiatives and customer satisfaction. The second study, through an empirical study based on an online survey of consumers, points to a positive relationship between CSR and customer satisfaction. Our findings sugges…