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University of Nairobi
1.
Odidi, Sarah A.
International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
.
Degree: 2012, University of Nairobi
URL: http://hdl.handle.net/11295/95567
► This study addressed International Mergers and Acquisitions (IM&A) as a competitive strategy adapted by CfC Stanbic Bank Limited. International Mergers and Acquisitions (IM&A) are two…
(more)
▼ This study addressed International Mergers and Acquisitions (IM&A) as a competitive strategy
adapted by CfC Stanbic Bank Limited. International Mergers and Acquisitions (IM&A) are two
broad types of restructuring through which today’s managers seek economies of scale, enhanced
market visibility and other efficiencies. Mergers and Acquisitions (M&As) are mechanisms to
access critical resources, to increase firms’ power relative to other organizations, and to reduce
competitive uncertainty created by resource dependencies among firms.
The researcher used both Primary data collected with the aid of an interview guide and
Secondary data was collected through review of the contents of various relevant publications and
reports at the bank. The major findings of the study were based on the rational for Merger and
Acquisition by CfC Stanbic Bank Limited. These included; the merger was to provide CfC Bank
with an investor recognized as a banking group with a substantial presence in Africa and other
emerging markets, headquartered in Africa and which would have a major interest in securing
the future of the various businesses of new entity; large corporate and institutional deals would
be enabled through the improved technical support and the global market distribution capabilities
of Standard Bank Group.
In conclusion, Mergers and Acquisitions are considered as corporate events which help an
organization to create synergy and provide sustainable competitive advantage. This study was
mainly concerned with a merger and an acquisition originating in a mature African bank. In
contrast, it is clear that the biggest challenges of the future will come when acquiring firms come
from emerging markets and the acquisition in mature markets providing room for further study
Subjects/Keywords: International mergers
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APA ·
Chicago ·
MLA ·
Vancouver ·
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to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Odidi, S. A. (2012). International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
. (Thesis). University of Nairobi. Retrieved from http://hdl.handle.net/11295/95567
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Odidi, Sarah A. “International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
.” 2012. Thesis, University of Nairobi. Accessed January 17, 2021.
http://hdl.handle.net/11295/95567.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Odidi, Sarah A. “International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
.” 2012. Web. 17 Jan 2021.
Vancouver:
Odidi SA. International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
. [Internet] [Thesis]. University of Nairobi; 2012. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/11295/95567.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Odidi SA. International mergers and acquisitions as a competitive strategy by cfc stanbic bank limited in kenya
. [Thesis]. University of Nairobi; 2012. Available from: http://hdl.handle.net/11295/95567
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Università della Svizzera italiana
2.
Baranouskaya, Vera.
Three essays in real options.
Degree: 2010, Università della Svizzera italiana
URL: http://doc.rero.ch/record/20716
► Real options refer to the investment, entry, exit and other strategic decisions of the firm that share three important characteristics: they are irreversible, they are…
(more)
▼ Real options refer to the investment, entry, exit and
other strategic decisions of the firm that share three important
characteristics: they are irreversible, they are made under
uncertainty, and their timing is chosen by the firm. The term `real
options' was introduced in 1977 by Stewart Myers in his paper
`Determinants of corporate borrowing' that related risky debt
holdings to the future investment policy of the firm. The
literature on real options has since been active and growing with
seminal works by Brennan and Schwartz (1985) on the valuation and
optimal timing of the natural resource investments; McDonald and
Siegel (1986) on general approach to investment timing and
scrapping; Margrabe (1978) on the asset exchange options; Fudenberg
and Tirole (1985) on the preemption and equilibrium in the
technology adoption games; Pindyck (1988) on capacity choice, and
Kulatilaka and Perotti (1998) on strategic growth options under
imperfect competition. In the 1990's and 2000's, a number of
classical textbooks in real options appeared in print: Dixit and
Pindyck (1994), Trigeorgis (1996), Amram and Kulatilaka (1998), and
Vollert (2003). In its development the real options literature
combines the option pricing framework introduced in Black and
Scholes (1973) and Merton (1973) with the research in the specific
fields of economics and finance such as capital budgeting and
investment policy, corporate debt and agency problems,
mergers
& acquisitions or game theory. The present work illustrates the
application of the real options approach to three economic areas:
strategic competition,
mergers & acquisitions and international
trade. The first chapter discusses the optimal timing of the
technology adoption, entry and merger decisions in the industry
producing a vertically differentiated product. I solve the model
for the monopoly, duopoly and merger (which is equivalent to a
monopoly with two products) and outline the equilibrium strategies
of the Incumbent and the Entrant. In particular, I demonstrate that
the Incumbent under the threat of entry always invests in the
cost-reducing technology later as compared to the
no-threat-of-entry (monopoly) case. This results in the lower
option value to the Incumbent under duopoly. The monopolistic
problem is investigated using two alternative specifications for
the price of the new technology: in the first case, the price of
the technology is constant, whereas in the second, more general
case, the price of the new technology is increasing in the amount
of cost reduction it provides. I demonstrate that the increasing
investment cost (price of the technology) makes the Incumbent
postpone the technology adoption as compared to the constant price
situation. Besides, increasing investment cost reduces the option
value to the Incumbent. I demonstrate that the merger generates the
endogenous synergy in this model. I prove that the merger may not
only increase the option value to the Incumbent as compared to the
monopoly case, but it may also give the Entrant the opportunity to
finally enter…
Advisors/Committee Members: Adesi, Giovanni (Dir.).
Subjects/Keywords: Mergers & acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Baranouskaya, V. (2010). Three essays in real options. (Thesis). Università della Svizzera italiana. Retrieved from http://doc.rero.ch/record/20716
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Baranouskaya, Vera. “Three essays in real options.” 2010. Thesis, Università della Svizzera italiana. Accessed January 17, 2021.
http://doc.rero.ch/record/20716.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Baranouskaya, Vera. “Three essays in real options.” 2010. Web. 17 Jan 2021.
Vancouver:
Baranouskaya V. Three essays in real options. [Internet] [Thesis]. Università della Svizzera italiana; 2010. [cited 2021 Jan 17].
Available from: http://doc.rero.ch/record/20716.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Baranouskaya V. Three essays in real options. [Thesis]. Università della Svizzera italiana; 2010. Available from: http://doc.rero.ch/record/20716
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

McGill University
3.
Pohl, Ulrich.
The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis.
Degree: Master of Laws, Institute of Comparative Law, 1981, McGill University
URL: https://escholarship.mcgill.ca/downloads/fb494b686.pdf
;
https://escholarship.mcgill.ca/concern/theses/g158bk63p
► An inside information is the knowledge of material corporate facts not blicly disclosed permitting an insider to make a personal, inequitableprofit by dealing in the…
(more)
▼ An inside information is the knowledge of material corporate facts not blicly disclosed permitting an insider to make a personal, inequitableprofit by dealing in the securities of a company.Disclosure is necessary to enable the general public to trade on an equal basis. Insider trading regulations containing disclosure requirements, trading prohibitions and sanctions are designed to balance the interestes of investors and insiders.The Anerican solution dominated by two statutory provisions and elaborate jurisdiction. The Canadian federal and provincial statutes provide detailed and advanced resulations. The British jurisdiction ap)lies the principle of fiduciary duty supplemeteci by some statutory provisions of the Companies Acts and the City Code on Take-Gvers and mergers,a voluntary solution. The Jest-Gerruan Insider trading Guidelines are also based on a voluntary agreeement of the parties involved. The purpose of this research is to compare how these considerably different systems are dealing with common problems.
L'information d'initie est la connaissance des faits corporatifs matériels, qui ne sent pas connus au public et utilises par l'initie pour faire un profit injuste personnel l'occasion d'une transaction sur les actions de sa corporation. Leur divulgation est nécessaire pour permettre au public de conclure un marché sur une base égale. Les règlementations des transactions d'initie, lesquelles contiennent des prescriptions de rapport, des prohibitions de transactions d'initie et des sanctions sont destinées a mettre sur un pied d’égalité les intérêts des investisseurs et des inities. La solution Américaine est gouvernée par deux lois principales et possède un vaste champ d'application. Les statuts fédéraux et provinciaux Canadiens sent détaillés et tellement modernes. La jurlsdiction Anglaise fait usage du principe du devoir fiduciaire, lequel est complète par quelques provisions des Compagnies Acts et du City Code on Take-Overs and Mergers, qui est une règlementation volontaire. Les directives Allemandes sont aussi fondées sur un accord volontaire des parties concernées. L'intention de cette recherche est d'établir une comparaison de ces systèmes différents et de leurs solutions des mêmes problèmes fondamentaux.
Subjects/Keywords: Mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Pohl, U. (1981). The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis. (Masters Thesis). McGill University. Retrieved from https://escholarship.mcgill.ca/downloads/fb494b686.pdf ; https://escholarship.mcgill.ca/concern/theses/g158bk63p
Chicago Manual of Style (16th Edition):
Pohl, Ulrich. “The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis.” 1981. Masters Thesis, McGill University. Accessed January 17, 2021.
https://escholarship.mcgill.ca/downloads/fb494b686.pdf ; https://escholarship.mcgill.ca/concern/theses/g158bk63p.
MLA Handbook (7th Edition):
Pohl, Ulrich. “The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis.” 1981. Web. 17 Jan 2021.
Vancouver:
Pohl U. The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis. [Internet] [Masters thesis]. McGill University; 1981. [cited 2021 Jan 17].
Available from: https://escholarship.mcgill.ca/downloads/fb494b686.pdf ; https://escholarship.mcgill.ca/concern/theses/g158bk63p.
Council of Science Editors:
Pohl U. The use of inside information in the United States, Canada, Great Britain and the Federal Republic of Germany : a comparative analysis. [Masters Thesis]. McGill University; 1981. Available from: https://escholarship.mcgill.ca/downloads/fb494b686.pdf ; https://escholarship.mcgill.ca/concern/theses/g158bk63p

University of Nairobi
4.
Rono, Faith C.
The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
.
Degree: 2014, University of Nairobi
URL: http://hdl.handle.net/11295/95490
► The study sought to find out the effect of mergers and acquisitions and acquisitions on shareholder‟s value on commercial banks in Kenya. The objective of…
(more)
▼ The study sought to find out the effect of mergers and acquisitions and acquisitions on shareholder‟s value on commercial banks in Kenya. The objective of the study was to establish the effect of mergers and acquisitions on shareholder‟s value. The purpose of this study is to establish effect of mergers and acquisitions on shareholder‟s value in commercial banks in Kenya. The population comprised of 36 commercial banks that have undertaken mergers and acquisitions merged in the period 2002to 2013 in Kenya. The sample comprised of six bank institutions that had undertaken mergers and acquisitions by the year 2013. They included Kenya Commercial Bank, Equatorial Commercial Bank, CFC Stanbic Bank Ltd, Prime Bank Limited, Commercial bank of Africa Limited, and Co-operative Bank Limited. The study used secondary sources of data from the audited annual reports of accounts for the respective banks over the period. Financial data from Statement of financial position, Statement of comprehensive Income and Statement of Cash Flow of the respective commercial banks for three years before and after the mergers was used to calculate and analyze the profitability ROE, ROA and EPS) from the published financial Statements and reports for the merged banks for the period under study. The paper attempted a comparative analysis of the impact of pre-merger and post-merger on shareholder‟s wealth of selected banks in Kenya. This was done using chi-square analysis where it‟s compared if there is any significant difference accruing to efficiency in terms of Return on Assets, Return on Equity and Earnings per share. The collected data were analyzed using t - test statistic at 5% level of significant with the aids of statistical package for social sciences (SPSS) version 17 which is an improvement on the ordinary student t-test as used by the t -test statistic formula The results showed an enhanced performance leading to improved shareholder‟s wealth .Using chi-square analysis, the study established that following the merger or the acquisition, the Returns on Assets, Earnings per share and Returns on equity both improved as the assets of the company improved after the mergers and acquisitions. The study recommends that companies undergoing difficult times should resort to mergers and acquisitions to increase their profitability leading to maximization of shareholder‟s valu
Subjects/Keywords: Mergers and Acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Rono, F. C. (2014). The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
. (Thesis). University of Nairobi. Retrieved from http://hdl.handle.net/11295/95490
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Rono, Faith C. “The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
.” 2014. Thesis, University of Nairobi. Accessed January 17, 2021.
http://hdl.handle.net/11295/95490.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Rono, Faith C. “The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
.” 2014. Web. 17 Jan 2021.
Vancouver:
Rono FC. The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
. [Internet] [Thesis]. University of Nairobi; 2014. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/11295/95490.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Rono FC. The Effect of Mergers and Acquisitions on Shareholder’s Value of Commercial Banks in Kenya
. [Thesis]. University of Nairobi; 2014. Available from: http://hdl.handle.net/11295/95490
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Texas – Austin
5.
-7395-6383.
The effect of mergers on human capital : evidence from sell-side analysts.
Degree: PhD, Finance, 2017, University of Texas – Austin
URL: http://hdl.handle.net/2152/61381
► While mergers often create value, there exist costs that can limit or offset potential synergies. Literature in a number of different areas of business suggest…
(more)
▼ While
mergers often create value, there exist costs that can limit or offset potential synergies. Literature in a number of different areas of business suggest these costs can result from issues related to the impairment of a firms' human capital, often when two workforces are being integrated. However, there exists minimal empirical literature characterizing these costs. In this dissertation, I use a unique setting in which to examine these integration issues: sell-side analysts in brokerage house
mergers. This setting allows for a better characterization of the integration issues that leads to a better understanding of how
mergers can impact human capital.
Advisors/Committee Members: Starks, Laura T. (advisor), Cohn, Jonathan (committee member), Almazan, Andres (committee member), Fracassi, Cesare (committee member), Clement, Michael (committee member).
Subjects/Keywords: Mergers; Human capital
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
-7395-6383. (2017). The effect of mergers on human capital : evidence from sell-side analysts. (Doctoral Dissertation). University of Texas – Austin. Retrieved from http://hdl.handle.net/2152/61381
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Chicago Manual of Style (16th Edition):
-7395-6383. “The effect of mergers on human capital : evidence from sell-side analysts.” 2017. Doctoral Dissertation, University of Texas – Austin. Accessed January 17, 2021.
http://hdl.handle.net/2152/61381.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
MLA Handbook (7th Edition):
-7395-6383. “The effect of mergers on human capital : evidence from sell-side analysts.” 2017. Web. 17 Jan 2021.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Vancouver:
-7395-6383. The effect of mergers on human capital : evidence from sell-side analysts. [Internet] [Doctoral dissertation]. University of Texas – Austin; 2017. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/2152/61381.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Council of Science Editors:
-7395-6383. The effect of mergers on human capital : evidence from sell-side analysts. [Doctoral Dissertation]. University of Texas – Austin; 2017. Available from: http://hdl.handle.net/2152/61381
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

University of Sydney
6.
Phan, Khanh Thi Quoc.
Three Essays on the Organisation of Firms
.
Degree: 2016, University of Sydney
URL: http://hdl.handle.net/2123/15747
► This thesis examines the organisation of firms under various circumstances Endogenous mergers in an international context In a two country model where firms vary in…
(more)
▼ This thesis examines the organisation of firms under various circumstances Endogenous mergers in an international context In a two country model where firms vary in their production efficiency, amodel of endogenousmergers is developed to examine equilibriummerger configurations and their welfare implications. In autarky, it is found that profitable mergers are welfare decreasing. On the other hand, in the presence of international trade in goods, domestic mergers increase welfare in a country as long as the country is not too large or the country has all the most efficient firms. Cross-border mergers result in the two most efficient firms acquiring all other firms and only increase welfare in the relatively small country. Mergers in a mixed oligopoly Potential mergers among a high cost public firm and two low cost private firms are examined. Mergers can either involve two firms merging with a share of ownership or one firmpurchasing the other through a lumpsum payment. It is shown that two private firms having the same costs do not merge, regardless of the merger type. However, a potential merger between a public and a private firm is possible depending on the marginal cost of the merged firm and the cost difference between the public and private firm. The role of intermediaries in the choice between outsourcing and ver- tical integration Within an incomplete contracts framework, this chapter examines how firms choose to organise their production – to internally produce the intermediate inputs through vertical integration, or to engage in arm’s-length viii transactions either directly with the input suppliers or through intermediary firms. Themodel suggests that the firm’s choice depends on the relative intensity of headquarter services and intermediate inputs in the final good, as well as the elasticity ofmarket demand for the final good. In particular, it is found that an intermediary firm is used when the final-good production is very intermediate-input intensive and the final-goods market demand is relatively elastic.
Subjects/Keywords: Mergers;
Acquisitions;
Endogenous mergers;
Mixed Oligopoly;
Ownership structure;
Public-private mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Phan, K. T. Q. (2016). Three Essays on the Organisation of Firms
. (Thesis). University of Sydney. Retrieved from http://hdl.handle.net/2123/15747
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Phan, Khanh Thi Quoc. “Three Essays on the Organisation of Firms
.” 2016. Thesis, University of Sydney. Accessed January 17, 2021.
http://hdl.handle.net/2123/15747.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Phan, Khanh Thi Quoc. “Three Essays on the Organisation of Firms
.” 2016. Web. 17 Jan 2021.
Vancouver:
Phan KTQ. Three Essays on the Organisation of Firms
. [Internet] [Thesis]. University of Sydney; 2016. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/2123/15747.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Phan KTQ. Three Essays on the Organisation of Firms
. [Thesis]. University of Sydney; 2016. Available from: http://hdl.handle.net/2123/15747
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Pretoria
7.
[No author].
The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
.
Degree: 2010, University of Pretoria
URL: http://upetd.up.ac.za/thesis/available/etd-03122010-154951/
► To acquire, or not to acquire? The debate rages on. Companies have been acquiring other companies for centuries, and still, both scholars and practitioners cannot…
(more)
▼ To acquire, or not to acquire? The debate rages on.
Companies have been acquiring other companies for centuries, and
still, both scholars and practitioners cannot agree on whether
acquisitions create and destroy shareholder value. The
contradictory results of research into the value creation or value
destruction nature of acquisitions has not dampened the will of
those corporate executives with a penchant for buying other firms.
Globally, and albeit affected by the general well being of the
economy, the value and quantities of acquisitions continues to show
strong growth. It is largely accepted that large acquisitions are
executed as strategic initiatives which should yield benefits in
the medium to long‐term. Using event study methodology with a
control portfolio model, this study aimed to evaluate the validity
of this claim and ascertain if, at the 5% confidence interval, 14
large acquisitions by companies listed on the JSE achieved
significant share price gains in the 378 trading days (18 months at
an average of 21 trading days per month) after the acquisition.
This study concluded that large acquisitions had statistically; no
impact on the long term share price returns of JSE listed acquiring
companies. Copyright
Advisors/Committee Members: Prof M Ward (advisor).
Subjects/Keywords: UCTD;
Mergers and acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
author], [. (2010). The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
. (Masters Thesis). University of Pretoria. Retrieved from http://upetd.up.ac.za/thesis/available/etd-03122010-154951/
Chicago Manual of Style (16th Edition):
author], [No. “The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
.” 2010. Masters Thesis, University of Pretoria. Accessed January 17, 2021.
http://upetd.up.ac.za/thesis/available/etd-03122010-154951/.
MLA Handbook (7th Edition):
author], [No. “The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
.” 2010. Web. 17 Jan 2021.
Vancouver:
author] [. The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
. [Internet] [Masters thesis]. University of Pretoria; 2010. [cited 2021 Jan 17].
Available from: http://upetd.up.ac.za/thesis/available/etd-03122010-154951/.
Council of Science Editors:
author] [. The long term impact of large acquisitions on the share
price performance of acquiring companies listed on the
JSE
. [Masters Thesis]. University of Pretoria; 2010. Available from: http://upetd.up.ac.za/thesis/available/etd-03122010-154951/

University of Pretoria
8.
[No author].
Brand in mergers and acquisitions an analysis of South
African due diligence
.
Degree: 2010, University of Pretoria
URL: http://upetd.up.ac.za/thesis/available/etd-03202010-173014/
► This study explores the extent to which brand features in the due diligence process preceding mergers and acquisitions. Current literature suggests that when brand elements…
(more)
▼ This study explores the extent to which brand
features in the due diligence process preceding
mergers and
acquisitions. Current literature suggests that when brand elements
are integrated efficiently, success levels of the merge improve.
Brand is considered broadly with the focus on corporate branding
and therefore incorporates elements of imagery, reputation,
culture, employees and external stakeholders. Brand equity, which
comprises the assets and liabilities of the brand is seen as a
source of competitive advantage. As such brand is a critical
element which could certainly be incorporated formally into the
pre-deal due diligence process. The research questions are to:
Investigate and explore to what extent the concept of brand is
considered in M&A due diligence in the South African context.
Evaluate and explain the differing roles that the selected
corporate advisors put forward in the M&A market regarding
brand in South Africa. Investigate how M&A practitioners are
operating in terms of IFRS 3 legislation which requires
transparency in disclosure of intangible assets following a merge.
The findings reveal that corporate advisors generally do not
incorporate brand elements in the due diligence process. Their
focus remains predominantly financial in assessing the cash-flows
implicit of the brand in their analysis.A typology of the services
and roles of corporate advisors is developed in terms of their
approach to M&A consulting. Reporting in terms of intangible
assets required by IFRS 3 convention is investigated and the
findings confirm that transparency of valuation is not adequately
revealed. Recommendations to the stakeholders involved in M&A
include the incorporation of a formal marketing due diligence
process to improve disclosure levels, to gain a deeper insight into
marketing drivers of cash-flow, to gain a better understanding of
inherent marketing risks and to improve valuation
practice.
Advisors/Committee Members: Mr M Goldman (advisor).
Subjects/Keywords: UCTD;
Mergers and acquisitions
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CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
author], [. (2010). Brand in mergers and acquisitions an analysis of South
African due diligence
. (Masters Thesis). University of Pretoria. Retrieved from http://upetd.up.ac.za/thesis/available/etd-03202010-173014/
Chicago Manual of Style (16th Edition):
author], [No. “Brand in mergers and acquisitions an analysis of South
African due diligence
.” 2010. Masters Thesis, University of Pretoria. Accessed January 17, 2021.
http://upetd.up.ac.za/thesis/available/etd-03202010-173014/.
MLA Handbook (7th Edition):
author], [No. “Brand in mergers and acquisitions an analysis of South
African due diligence
.” 2010. Web. 17 Jan 2021.
Vancouver:
author] [. Brand in mergers and acquisitions an analysis of South
African due diligence
. [Internet] [Masters thesis]. University of Pretoria; 2010. [cited 2021 Jan 17].
Available from: http://upetd.up.ac.za/thesis/available/etd-03202010-173014/.
Council of Science Editors:
author] [. Brand in mergers and acquisitions an analysis of South
African due diligence
. [Masters Thesis]. University of Pretoria; 2010. Available from: http://upetd.up.ac.za/thesis/available/etd-03202010-173014/

University of Pretoria
9.
[No author].
“Hostile” takeovers an investment performance of
acquirers and targets
.
Degree: 2010, University of Pretoria
URL: http://upetd.up.ac.za/thesis/available/etd-03302010-143733/
► Mergers and acquisitions (M&A) can be either “hostile” or “friendly” in nature. This study looks at the corresponding long-term investment performance of “hostile” and “friendly”…
(more)
▼ Mergers and acquisitions (M&A) can be either
“hostile” or “friendly” in nature. This study looks at the
corresponding long-term investment performance of “hostile” and
“friendly” takeovers within the mining sector, pre and post the
takeover of targets, with the aim to investigate whether there are
statistically significant differences about which the investor
community should be aware.36 months of monthly share price
performance, pre and post first formal merger/takeover announcement
date, are studied, for each acquirer is compared with the bourse
mining index to calculate the percentage time the acquirer
outperforms the market (mining index). Research of the major mining
stock exchanges of the world – New York, Toronto, Australia, London
and Johannesburg – reveals that the investment performances of
“hostile” acquiring mining companies, pre first formal announcement
date, are statistically significantly greater than post first
formal announcement date. No statistically significant difference
was found pre and post first announcement date for “friendly”
acquiring mining companies. Although clear differences in post
first formal announcement date investment performance are noted
between “hostile” acquirers and “friendly” acquirers, there is no
statistically significant difference between the investment
performances of “friendly” versus “hostile”
acquirers.
Advisors/Committee Members: Dr A Saville (advisor).
Subjects/Keywords: UCTD;
Mergers and acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
author], [. (2010). “Hostile” takeovers an investment performance of
acquirers and targets
. (Masters Thesis). University of Pretoria. Retrieved from http://upetd.up.ac.za/thesis/available/etd-03302010-143733/
Chicago Manual of Style (16th Edition):
author], [No. ““Hostile” takeovers an investment performance of
acquirers and targets
.” 2010. Masters Thesis, University of Pretoria. Accessed January 17, 2021.
http://upetd.up.ac.za/thesis/available/etd-03302010-143733/.
MLA Handbook (7th Edition):
author], [No. ““Hostile” takeovers an investment performance of
acquirers and targets
.” 2010. Web. 17 Jan 2021.
Vancouver:
author] [. “Hostile” takeovers an investment performance of
acquirers and targets
. [Internet] [Masters thesis]. University of Pretoria; 2010. [cited 2021 Jan 17].
Available from: http://upetd.up.ac.za/thesis/available/etd-03302010-143733/.
Council of Science Editors:
author] [. “Hostile” takeovers an investment performance of
acquirers and targets
. [Masters Thesis]. University of Pretoria; 2010. Available from: http://upetd.up.ac.za/thesis/available/etd-03302010-143733/

Temple University
10.
Light, Nathaniel.
Essays in Finance.
Degree: PhD, 2014, Temple University
URL: http://digital.library.temple.edu/u?/p245801coll10,289159
► Business Administration/Finance
Chapter 1 investigates whether acquirer firms structure unpopular M&A transactions so as to avoid a vote by their shareholders. This question touches directly…
(more)
▼ Business Administration/Finance
Chapter 1 investigates whether acquirer firms structure unpopular M&A transactions so
as to avoid a vote by their shareholders. This question touches directly on the broader issue
of M&A and agency conflicts, and the paper may partially explain how so many deals get
done despite the evidence of limited long-term benefits to acquiring firm shareholders. More
specifically, we examine how firms respond to the 20% issuance rule of the major American
stock exchanges (NYSE, Nasdaq, and Amex), which requires a bidder shareholder vote on
any merger-related issuance that exceeds 20% of the bidder’s shares. We observe a large
clustering of share issuance just below this 20% threshold, a pattern that suggests that
many bidders prefer to avoid a vote. Among deals for non-public targets, the primary
concern seems to be timesaving. Instances in which bidders circumvent a vote in order
to intentionally thwart opposition constitute only a small number of cases, although firms
also avoid a vote as a precautionary measure when they have high institutional ownership.
Finally, we investigate financial and legal mechanisms that companies employ in order to
avoid the vote. Chapter 2 proposes a new approach for estimating expected returns on individual stocks
returns obtained by applying our method to thirteen asset pricing anomalies generate a
wide cross-sectional dispersion of realized returns. Our results provide evidence of strong
commonality in asset pricing anomalies. The use of portfolios based on the estimated
expected returns as test assets increases the power of asset pricing tests.
Temple University – Theses
Advisors/Committee Members: Naveen, Lalitha;, Rytchkov, Oleg, Anderson, Ronald, Basu, Sudipta;.
Subjects/Keywords: Finance;
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Light, N. (2014). Essays in Finance. (Doctoral Dissertation). Temple University. Retrieved from http://digital.library.temple.edu/u?/p245801coll10,289159
Chicago Manual of Style (16th Edition):
Light, Nathaniel. “Essays in Finance.” 2014. Doctoral Dissertation, Temple University. Accessed January 17, 2021.
http://digital.library.temple.edu/u?/p245801coll10,289159.
MLA Handbook (7th Edition):
Light, Nathaniel. “Essays in Finance.” 2014. Web. 17 Jan 2021.
Vancouver:
Light N. Essays in Finance. [Internet] [Doctoral dissertation]. Temple University; 2014. [cited 2021 Jan 17].
Available from: http://digital.library.temple.edu/u?/p245801coll10,289159.
Council of Science Editors:
Light N. Essays in Finance. [Doctoral Dissertation]. Temple University; 2014. Available from: http://digital.library.temple.edu/u?/p245801coll10,289159

Cornell University
11.
Kim, Jin Young.
Sources Of Synergy In Mergers And Acquisitions.
Degree: PhD, Hotel Administration, 2011, Cornell University
URL: http://hdl.handle.net/1813/30667
► The general findings of the merger literature have raised the question of why mergers continue to be so prevalent when there is no conclusive evidence…
(more)
▼ The general findings of the merger literature have raised the question of why
mergers continue to be so prevalent when there is no conclusive evidence of value gains. In particular, the zero or even negative stock price reaction of the acquirer firm surrounding the announcement has been puzzling. In order to provide insight into this apparent contradiction, this study examines the sources and the realization of synergistic gains from
mergers and acquisitions more directly. Prior studies on the sources of synergy have not been very effective since the nature of the data may have obscured the true economic impact of
mergers. Using the rich information gained from the U.S. hotel industry data from 1991 to 2009, this study investigates the sources of merger-related gains while controlling for the market condition. Along the way, the much-neglected area of value erosion from M&A is also addressed. The findings indicate that at the hotel property level, both the target and the acquirer show significant cost savings; target hotel properties achieve price gains when they are merged into similar brand families of the acquirer; acquirer hotel properties gain occupancy improvements from the demand spillover from the target hotel properties. The study also finds that local market conflicts have a negative impact on the revenue of both target and acquirer properties. No evidence was found for price-increasing collusion among the properties of the target and the acquirer. The investigation of the offer premium and the operating performance shows that the offer premium is positively associated with synergistic gains for the acquirer properties while it is non-significant for the target properties. These results suggest an interesting possibility that the premium may actually be a price to gain control over the target's resources, which is critical to generating value on the acquirer side.
Advisors/Committee Members: Canina, Linda (chair), Grinstein, Yaniv (committee member), Walsh, Kathleen M. (committee member).
Subjects/Keywords: Mergers and acquisitions; Lodging industry
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Kim, J. Y. (2011). Sources Of Synergy In Mergers And Acquisitions. (Doctoral Dissertation). Cornell University. Retrieved from http://hdl.handle.net/1813/30667
Chicago Manual of Style (16th Edition):
Kim, Jin Young. “Sources Of Synergy In Mergers And Acquisitions.” 2011. Doctoral Dissertation, Cornell University. Accessed January 17, 2021.
http://hdl.handle.net/1813/30667.
MLA Handbook (7th Edition):
Kim, Jin Young. “Sources Of Synergy In Mergers And Acquisitions.” 2011. Web. 17 Jan 2021.
Vancouver:
Kim JY. Sources Of Synergy In Mergers And Acquisitions. [Internet] [Doctoral dissertation]. Cornell University; 2011. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/1813/30667.
Council of Science Editors:
Kim JY. Sources Of Synergy In Mergers And Acquisitions. [Doctoral Dissertation]. Cornell University; 2011. Available from: http://hdl.handle.net/1813/30667
12.
Vyas, Rahul V.
Mergers and acquisitions in india; -.
Degree: Management Studies, 2012, Maharaja Sayajirao University of Baroda
URL: http://shodhganga.inflibnet.ac.in/handle/10603/32859
Subjects/Keywords: acquisitions; Mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Vyas, R. V. (2012). Mergers and acquisitions in india; -. (Thesis). Maharaja Sayajirao University of Baroda. Retrieved from http://shodhganga.inflibnet.ac.in/handle/10603/32859
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Vyas, Rahul V. “Mergers and acquisitions in india; -.” 2012. Thesis, Maharaja Sayajirao University of Baroda. Accessed January 17, 2021.
http://shodhganga.inflibnet.ac.in/handle/10603/32859.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Vyas, Rahul V. “Mergers and acquisitions in india; -.” 2012. Web. 17 Jan 2021.
Vancouver:
Vyas RV. Mergers and acquisitions in india; -. [Internet] [Thesis]. Maharaja Sayajirao University of Baroda; 2012. [cited 2021 Jan 17].
Available from: http://shodhganga.inflibnet.ac.in/handle/10603/32859.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Vyas RV. Mergers and acquisitions in india; -. [Thesis]. Maharaja Sayajirao University of Baroda; 2012. Available from: http://shodhganga.inflibnet.ac.in/handle/10603/32859
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Penn State University
13.
Goldie, Bradley Allen.
Essays on Hedge Fund Investment.
Degree: 2012, Penn State University
URL: https://submit-etda.libraries.psu.edu/catalog/14873
► This dissertation contains two essays on hedge fund investment. In the first I study the implementation of risk (or merger) arbitrage by hedge funds and…
(more)
▼ This dissertation contains two essays on hedge fund investment. In the first I study the implementation of risk (or merger) arbitrage by hedge funds and other institutional arbitrageurs and document the increasing role of hedge funds in the takeover process. I find evidence of superior performance by hedge fund arbitrageurs compared to non-hedge fund institutional arbitrageurs. Specifically, within merger arbitrage, hedge funds significantly outperform other institutional arbitrageurs by 4% annually on a risk-adjusted basis. The superior performance does not reflect hedge fund managers' ability to predict or affect the outcome of merger and acquisition deals; rather, my findings suggest that it is attributed to hedge fund managers' ability to avoid deals with the largest downside when deals are withdrawn. Hedge fund and non-hedge fund investments in target shares are both associated with a higher probability of deal completion and shorter deal duration. I also study the relationship between hedge funds and investment banks within the context of
mergers and acquisitions, and find that when hedge funds' prime brokers also serve as advisors in merger deals, hedge funds are significantly more likely to invest in risk arbitrage. This is consistent with an information updating model of risk arbitrage investment. I also find that hedge funds are willing to invest in deals that appear to bear greater idiosyncratic risk when their prime brokers are advisors in the deals. I find that hedge funds only outperform when their prime brokers work as advisors in deals. There is evidence that hedge funds are using their relationships with investment banks to gain informational advantages, while investment banks are incentivized by large hedge fund brokerage fees, and the desire for increased presence of arbitrageurs in merger deals, which increases their expected completion fees from merger advisory roles.
Advisors/Committee Members: Quanwei Cao, Dissertation Advisor/Co-Advisor, Timothy T Simin, Committee Member, Joel Matthew Vanden, Committee Member, John C Liechty, Committee Member.
Subjects/Keywords: Mergers and Acquisitions; Hedge Funds
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Goldie, B. A. (2012). Essays on Hedge Fund Investment. (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/14873
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Goldie, Bradley Allen. “Essays on Hedge Fund Investment.” 2012. Thesis, Penn State University. Accessed January 17, 2021.
https://submit-etda.libraries.psu.edu/catalog/14873.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Goldie, Bradley Allen. “Essays on Hedge Fund Investment.” 2012. Web. 17 Jan 2021.
Vancouver:
Goldie BA. Essays on Hedge Fund Investment. [Internet] [Thesis]. Penn State University; 2012. [cited 2021 Jan 17].
Available from: https://submit-etda.libraries.psu.edu/catalog/14873.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Goldie BA. Essays on Hedge Fund Investment. [Thesis]. Penn State University; 2012. Available from: https://submit-etda.libraries.psu.edu/catalog/14873
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Nairobi
14.
Ngahu, Mark M.
Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
.
Degree: 2016, University of Nairobi
URL: http://hdl.handle.net/11295/98624
► The market has become very dynamic, influenced by a myriad of factors; wars, immigration, economic booms, recessions, globalization and technological advancement. Due to these global…
(more)
▼ The market has become very dynamic, influenced by a myriad of factors; wars, immigration, economic booms, recessions, globalization and technological advancement. Due to these global trends, Nations and organizations are continuously adopting new ways of doing business to counter threats as well as exploit new opportunities. Among those corporate strategic approaches taken by firms are mergers and acquisition. A merger is said to occur when two or more corporations come together to form one entity. On the other hand acquisition refers to the process in which a business entity purchases a majority or a minority stake in another firm. In either of the cases the outcome is rapid expansion in proportion of the new firm. Studies by various scholars have given diverse results for post-merger performance of acquiring firms. Among the reasons why corporations seek inorganic growth through mergers and acquisition are; to attain reduced risk, improve entry within the markets as a result of enhanced size, or make use of tax carried forward as a gain, enjoy economy of scale through cost reduction, enjoy market power through bigger market share. Corporations may also engage in mergers and acquisition as defensive mechanisms to avoid being acquired or for managers to attract takeover premia after acquisition.
The key objective of this study was to examine the influence of mergers and acquisitions on financial results in insurance firms in Kenya between 2000 and 2015. The study took a causal research design and covered three years premerger and three years‟ post-merger. The researcher used financial ratios ROA and ROE as well as industry specific ratios such as claims ratio and management expense ratio. Both trend and cross sectional analysis were carried out. Pre-merger results of the merged firms were compared with post-merger results to determine if there was any change and in which direction. In addition the results of the merged firms were compared with the whole industry to determine if merged firms performed better or worse than the industry average. The results indicated a marginal drop in the short run in ROA and ROE for the merged firms. Further there was an increase in industry specific ratios; claims ratio and management expenses ratio. Based on the research findings there was increased market share for the post-merger period. The research recommends careful planning and implementation of mergers and acquisition so as to attain full benefits on all fronts.
Subjects/Keywords: Effect of Mergers and Acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Ngahu, M. M. (2016). Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
. (Thesis). University of Nairobi. Retrieved from http://hdl.handle.net/11295/98624
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Ngahu, Mark M. “Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
.” 2016. Thesis, University of Nairobi. Accessed January 17, 2021.
http://hdl.handle.net/11295/98624.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Ngahu, Mark M. “Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
.” 2016. Web. 17 Jan 2021.
Vancouver:
Ngahu MM. Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
. [Internet] [Thesis]. University of Nairobi; 2016. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/11295/98624.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Ngahu MM. Effect of Mergers and Acquisitions on the Financial Performance of Insurance Companies in Kenya
. [Thesis]. University of Nairobi; 2016. Available from: http://hdl.handle.net/11295/98624
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Nairobi
15.
Ireri, Johnson K.
Effects of mergers and acquisitions on financial performance of oil companies in Kenya
.
Degree: 2011, University of Nairobi
URL: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11621
► A Merger refers to the combination of two or more firms, in which the resulting firm maintains the identity of one of the firms, usually…
(more)
▼ A Merger refers to the combination of two or more firms, in which the resulting firm maintains the identity of one of the firms, usually the larger. An acquisition, also known as a takeover or a buyout, is the buying of one company (the ‘target’) by another. The study set out to find the effects of mergers and acquisition on financial performance of oil industry in Kenya. This study took on a causal research design. Causal research design is consistent with the study’s objective which is to determine the effect of mergers and acquisition on financial performance of oil industry in Kenya which can be measured through long-run profitability, leverage and liquidity. Gay and Airasian (2003) note that causal research designs are used to determine the causal relationship between one variable and another .Population is a well defined set of people services, elements, events, group of things or household that are being investigated. In this study the target population was the oil companies in Kenya with keen interest on those that have gone through mergers and acquisition. The process of data collection involved self administered drop and pick questionnaires distributed to management and employees of the oil industries involved. The use of audited accounts enhanced the data received from respondents .Qualitative analysis was used to analyze the views of respondents on mergers and acquisition. Also Chi-Square test was used to establish the relationship between pre and post merger/acquisition and linear regression model enhanced the analyses of the effects of merger and acquisition on financial performance.
According to the findings, majority of these companies were established through mergers rather than acquisition. Also according to the model, mergers and acquisition, respondent Opinion about M & A, and financial performance were positively correlated with financial performance after merger. A unit increase in mergers and acquisition would lead to increase in application of financial performance by factor of 0.166.This was a clear indication of the firms performing better financially after the resulting merger and/or acquisition. Also the findings concludes that creation of economies of scale, need to gain a higher bargaining power, and business expansions are the main reasons as to why companies conduct M & A. The study also concludes that despite the process of M & A being smooth and the management orientation remaining the same, still uncertainty and confusion among the employees persist The study further conclude that merger and acquisition would lead to a high positive performance (p = 0.02).. Based on the findings the study recommends that there is need for companies to merge to enhance creation of economies of scale, a higher bargaining power, and business expansions.
Subjects/Keywords: Financial performance;
Mergers & acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Ireri, J. K. (2011). Effects of mergers and acquisitions on financial performance of oil companies in Kenya
. (Thesis). University of Nairobi. Retrieved from http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11621
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Ireri, Johnson K. “Effects of mergers and acquisitions on financial performance of oil companies in Kenya
.” 2011. Thesis, University of Nairobi. Accessed January 17, 2021.
http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11621.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Ireri, Johnson K. “Effects of mergers and acquisitions on financial performance of oil companies in Kenya
.” 2011. Web. 17 Jan 2021.
Vancouver:
Ireri JK. Effects of mergers and acquisitions on financial performance of oil companies in Kenya
. [Internet] [Thesis]. University of Nairobi; 2011. [cited 2021 Jan 17].
Available from: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11621.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Ireri JK. Effects of mergers and acquisitions on financial performance of oil companies in Kenya
. [Thesis]. University of Nairobi; 2011. Available from: http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11621
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Ottawa
16.
Gandotra, Vikrant.
The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
.
Degree: 2019, University of Ottawa
URL: http://hdl.handle.net/10393/39668
► This research contributes to the much-debated literature existing on the relationship between the economy, merger and acquisitions (M&A), and investors’ behaviour by empirically examining the…
(more)
▼ This research contributes to the much-debated literature existing on the relationship between the economy, merger and acquisitions (M&A), and investors’ behaviour by empirically examining the relationship between aggregate M&A transactions, Real GDP and the stock market in the top nine countries with respect to M&A activity globally from the period 1999-2018. Interestingly, according to the cross-sectional dependence and slope heterogeneity tests conducted, the research finds that when a specific country's stock market, Real GDP or M&A activity is affected or influenced in some way, this may also have an affect or influence on the other countries considered in this research as well. Each of the nine countries have some common economic characteristics. Additionally, each country has its system with reference to how the stock market index(s), economic activity and M&A activities influence each other and operate individually. This indicates that an economic relationship between the variables in one country may not be replicated by the others. Furthermore, in a country-by-country causality analysis using the Toda and Yamamoto (1995) approach, the research finds considerable evidence in support of the behavioural school of thought where investors’ behaviour and M&A activity seem to influence each other. Out of the nine countries investigated, six countries support the behavioural school of thought, i.e., show strong to moderate causality between M&A activity (number or value) and stock market price index. On the other hand, with reference to the neoclassical theory, surprisingly, there seems to exist a relationship between M&A activity and economic activity where M&A activity (number or value) leads economic activity in two out of the nine countries investigated. Finally, the research also suggests that economic activity seems to have an impact on how investors behave in six out of the nine countries investigated.
Subjects/Keywords: Mergers and Acquisitions;
Stock Market
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Gandotra, V. (2019). The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
. (Thesis). University of Ottawa. Retrieved from http://hdl.handle.net/10393/39668
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Gandotra, Vikrant. “The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
.” 2019. Thesis, University of Ottawa. Accessed January 17, 2021.
http://hdl.handle.net/10393/39668.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Gandotra, Vikrant. “The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
.” 2019. Web. 17 Jan 2021.
Vancouver:
Gandotra V. The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
. [Internet] [Thesis]. University of Ottawa; 2019. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/10393/39668.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Gandotra V. The Nexus Between the Economy, M&A Transactions and Investors' Behaviour: International Evidence
. [Thesis]. University of Ottawa; 2019. Available from: http://hdl.handle.net/10393/39668
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Tampere University
17.
Vedal, Helene.
Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
.
Degree: 2019, Tampere University
URL: https://trepo.tuni.fi//handle/10024/115984
► The development in the Higher Education (HE) sector has for the past decade been characterized by structural changes in form of government-initiated mergers. The aim…
(more)
▼ The development in the Higher Education (HE) sector has for the past decade been characterized by structural changes in form of government-initiated mergers. The aim of such structural changes was to enhance the quality by concentrating the resources in fewer but stronger institutions. The signals from the Ministry of Education and Research about such changes was the start of a wave of mergers in the sector, which over a few years resulted in a decrease in the number of Higher Education Institutions (HEI) from 33 to 21. However, not all of the negotiation processes about potential mergers turned out to be successful.
This thesis is a comparative case study that is looking at the decision-making process, and what may have influenced this, towards a decision not to merge. The cases in this study is the negotiations between University of Agder (UiA) and Telemark University College (HiT) and the University of Stavanger (UiS) and Stord/Haugesund University College (HSH). The cases are quite similar when it comes to size and regional standing, but the processes differ in form of time-frame and involvement of internal and external stakeholders. The University Boards were divided in their opinions during the processes but ended in a unanimous vote in the last extra ordinary board meeting. Something has happened during the processes and this study aim to identify critical events and stakeholders that have affected the decision-makers´ decision to terminate the process and by that stand alone in a time of mergers.
The following research question is formulated: Which critical events and stakeholders has affected the decision-making process in the merger negotiations at the University of Agder and the University of Stavanger?
In order to identify such events and stakeholders, I have conducted interviews from representatives in the University Boards at the time of the merger process and conducted a document analysis as a tool in order to be able ask the right questions and to strengthen the information received from the interview. This has formed the base for a process tracing methodology. The theoretical framework is built on two theoretical pillars: decision-making theory and stakeholder theory. Decision-making theory centre around organizational characteristics that may have an impact on how an organization make decisions. These characteristics further form the base for five decision- making models. The second pillar is stakeholder theory, which is important for identifying stakeholders that are important to an organization and how important they are in order to a stakeholder hierarchy.
The empirical data show that the theoretical pillars are quite overlapping as stakeholders have an impact on the perspectives that is characterising the organizational decision-making. The findings also indicate the two processes are quite similar in the beginning of the processes when it comes to who and what have influenced the merger initiate, but that the organizations further have quite different approaches towards the…
Subjects/Keywords: higher education;
decision-making;
mergers
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Vedal, H. (2019). Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
. (Masters Thesis). Tampere University. Retrieved from https://trepo.tuni.fi//handle/10024/115984
Chicago Manual of Style (16th Edition):
Vedal, Helene. “Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
.” 2019. Masters Thesis, Tampere University. Accessed January 17, 2021.
https://trepo.tuni.fi//handle/10024/115984.
MLA Handbook (7th Edition):
Vedal, Helene. “Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
.” 2019. Web. 17 Jan 2021.
Vancouver:
Vedal H. Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
. [Internet] [Masters thesis]. Tampere University; 2019. [cited 2021 Jan 17].
Available from: https://trepo.tuni.fi//handle/10024/115984.
Council of Science Editors:
Vedal H. Breaking off the engagement : a case study about the decision to stand alone in a time of mergers in the Higher Education Sector
. [Masters Thesis]. Tampere University; 2019. Available from: https://trepo.tuni.fi//handle/10024/115984

University of Ghana
18.
Appiah, F.K.F.
The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
.
Degree: 2019, University of Ghana
URL: http://ugspace.ug.edu.gh/handle/123456789/31978
► This study sought to bring to the fore, the effect of mergers and acquisitions on banks financial performance in the Ghanaian banking industry via a…
(more)
▼ This study sought to bring to the fore, the effect of mergers and acquisitions on banks financial performance in the Ghanaian banking industry via a case study of FBN Bank Ghana Limited and International Commercial Bank.
The study identified the effects of mergers and acquisitions on the financial performance of FBN Bank Ghana Limited post-acquisition of International Commercial Bank. Furthermore, it identified areas in which FBN Bank Ghana Limited underperformed and needed improvement in comparison to International Commercial Bank.
The study adopted the financial statements of FBN Bank Ghana Limited and International Commercial Bank in the collection of data for the study from which analysis were made.
The study concluded with a summary, conclusion and recommendations on how the positive effects of mergers and acquisitions on the financial performance of banks could be maximized
Subjects/Keywords: mergers;
acquisitions;
Bank;
financial performance
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Appiah, F. K. F. (2019). The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
. (Masters Thesis). University of Ghana. Retrieved from http://ugspace.ug.edu.gh/handle/123456789/31978
Chicago Manual of Style (16th Edition):
Appiah, F K F. “The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
.” 2019. Masters Thesis, University of Ghana. Accessed January 17, 2021.
http://ugspace.ug.edu.gh/handle/123456789/31978.
MLA Handbook (7th Edition):
Appiah, F K F. “The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
.” 2019. Web. 17 Jan 2021.
Vancouver:
Appiah FKF. The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
. [Internet] [Masters thesis]. University of Ghana; 2019. [cited 2021 Jan 17].
Available from: http://ugspace.ug.edu.gh/handle/123456789/31978.
Council of Science Editors:
Appiah FKF. The Effect of Mergers and Acquisitions on Banks Financial Performance in the Ghanaian Banking Industry (A Case Study of FBN bank Ghana Limited and International Commercial Bank)
. [Masters Thesis]. University of Ghana; 2019. Available from: http://ugspace.ug.edu.gh/handle/123456789/31978

University of Houston
19.
Lee, Sangwon.
Essays on Mergers & Acquisitions and Corporate Investment.
Degree: PhD, Business Administration, 2018, University of Houston
URL: http://hdl.handle.net/10657/3077
► This dissertation consists of three essays on mergers and acquisitions (M&As) and corporate investment. In the first essay, I examine the divergence of investor opinions…
(more)
▼ This dissertation consists of three essays on
mergers and acquisitions (M&As) and corporate investment. In the first essay, I examine the divergence of investor opinions about target firm values after the announcement of M&A deals ("investor disagreement"). I create three measures of investor disagreement using the target firm's trading volume, bid-ask spread, and stock return volatility during a two-week window following a deal announcement. I find that investor disagreement is positively associated with deal complexity, and negatively with the offer premium. Deals with larger investor disagreement are more likely to be renegotiated, to feature slower completion time, and to fail, even after controlling for announcement returns and merger arbitrage spreads. Consistent with the divergence of opinion theory, a trading strategy that invests in target firms with low investor disagreement yields positive abnormal returns. Overall, my results highlight the importance of investor disagreement in predicting M&A outcomes.
The second essay shows that M&A deals that are announced when the bidder's relative value (ratio of bidder's equity value to target's equity value) is closer to its 52-week high feature higher offer premium, lower (higher) announcement returns for the bidding (target) firm, and are more likely to fail, all else equal. Yet, bidders in such deals also experience large abnormal returns in the two-year period surrounding the announcement. Our results suggest that bidders strategically choose announcement timing to exploit relative misvaluation, and cast doubt on the idea that announcement returns represent the gains to long-term shareholders of bidding firms.
In the third essay, I examine how the effect of uncertainty on capital investment varies between focused firms and conglomerate segments. One of the advantages of conglomeration is that segments have access to the conglomerate's internal capital market and are thus less likely to be financially constrained. Consistent with the idea that uncertainty exacerbates financial frictions, I find that industry-level uncertainty has a negative effect on the investment of focused firms but has no statistically significant effect on the investment of conglomerate segments. Further analysis suggests that corporate diversification may improve the efficiency of capital investment decisions under uncertainty.
Advisors/Committee Members: Yerramilli, Vijay (advisor), Kumar, Praveen (committee member), Povel, Paul (committee member), Lobo, Gerald J. (committee member).
Subjects/Keywords: Mergers and Acquisitions; Corporate Investment
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Lee, S. (2018). Essays on Mergers & Acquisitions and Corporate Investment. (Doctoral Dissertation). University of Houston. Retrieved from http://hdl.handle.net/10657/3077
Chicago Manual of Style (16th Edition):
Lee, Sangwon. “Essays on Mergers & Acquisitions and Corporate Investment.” 2018. Doctoral Dissertation, University of Houston. Accessed January 17, 2021.
http://hdl.handle.net/10657/3077.
MLA Handbook (7th Edition):
Lee, Sangwon. “Essays on Mergers & Acquisitions and Corporate Investment.” 2018. Web. 17 Jan 2021.
Vancouver:
Lee S. Essays on Mergers & Acquisitions and Corporate Investment. [Internet] [Doctoral dissertation]. University of Houston; 2018. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/10657/3077.
Council of Science Editors:
Lee S. Essays on Mergers & Acquisitions and Corporate Investment. [Doctoral Dissertation]. University of Houston; 2018. Available from: http://hdl.handle.net/10657/3077
20.
Vaillancourt, Richard.
CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST.
Degree: 2016, Athabasca University
URL: http://hdl.handle.net/10791/203
► Economies and efficiencies of scale serve as drivers of Canadian Credit Union mergers. The critical success factors of merger initiatives are largely driven by the…
(more)
▼ Economies and efficiencies of scale serve as drivers of Canadian Credit Union mergers. The critical success factors of merger initiatives are largely driven by the internal human resources of each entity; however, this critical component of the process is often neglected or apportioned an inappropriate degree of consideration. As a result, employees are frequently not fully engaged or supportive because the tenets of their psychological contracts are not always met and their perceptions of organizational justice and organizational communication are not positive. This potentially impacts the level of organizational trust that results in either merger success or failure, especially in relation to employee impact and employee engagement. In order for Credit Union mergers to succeed, employees must be positioned to buy in to the change process to the point where they embrace and champion merger and its benefits. The purpose of this research study was to examine those factors that influence employees’ perceptions regarding Credit Union merger processes, specifically relating to the importance of their engagement and support. As both successful and less than successful or marginally successful mergers are being examined, it is suggested that the successful firm has good engagement and support. More specifically, the impact of organizational trust was studied in relation to employees’ trust in senior leadership and senior leaderships’ perceived perception of trust in subordinate employees. These significant factors, studied from the perspective of antecedents, dimensions and outcomes of organizational trust, lent support to a proposed foundation to examine their impact on employee engagement and merger success. Deficiencies in these areas were identified and recommendations made to address them. It was proposed that timeliness of employee integration be considered critical in developing the appropriate support framework required for Credit Union merger success, recognizing that financial and logistical considerations invariably dictate decision processes.
2016-06
Advisors/Committee Members: Devine, Kay (Faculty of Business), Barnetson, Bob (Faculty of Business), Faint, Carol-Anne (Walden University), Lam, Helen (Faculty of Business).
Subjects/Keywords: Credit Union Mergers; Pscyhological Contracts
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Vaillancourt, R. (2016). CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST. (Thesis). Athabasca University. Retrieved from http://hdl.handle.net/10791/203
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Vaillancourt, Richard. “CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST.” 2016. Thesis, Athabasca University. Accessed January 17, 2021.
http://hdl.handle.net/10791/203.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Vaillancourt, Richard. “CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST.” 2016. Web. 17 Jan 2021.
Vancouver:
Vaillancourt R. CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST. [Internet] [Thesis]. Athabasca University; 2016. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/10791/203.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Vaillancourt R. CREDIT UNION MERGERS:PSYCHOLOGICAL CONTRACTS AND ORGANIZATIONAL TRUST. [Thesis]. Athabasca University; 2016. Available from: http://hdl.handle.net/10791/203
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Queen Mary, University of London
21.
Baş, Kadir.
A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime.
Degree: PhD, 2013, Queen Mary, University of London
URL: http://qmro.qmul.ac.uk/xmlui/handle/123456789/8806
;
https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.667230
► Joint ventures are a widely used form of interfirm collaboration, which possess some characteristics of both mergers, in which two or more firms come permanently…
(more)
▼ Joint ventures are a widely used form of interfirm collaboration, which possess some characteristics of both mergers, in which two or more firms come permanently under common control and cease to be distinct, and agreements, which impact the competitive behaviour of firms that remain independent of each other. Due to their hybrid economic nature, it has always been controversial what types of joint ventures should be regarded as mergers under competition law, and how the fact that the parent firms remain independent outside the cooperation should be incorporated into traditional merger analysis. In the EU, only full-function joint ventures are treated as mergers under the Merger Regulation. However, unlike amalgamations and acquisitions, these joint ventures are subject to an additional analysis under Article 101 TFEU to the extent that they lead to the coordination of the competitive behaviour of the parents. This thesis aims to critically analyse this approach to the substantive appraisal of joint ventures under the EU merger control regime, based on its consistency with the general rules of EU competition law and with relevant economic theories, in a comparative perspective with the US competition law regime. In this regard, the thesis shows that (i) the full-functionality criterion assuming that full-function joint ventures are autonomous from an operational viewpoint has some negative implications for the competition analysis of joint ventures; and (ii) the fact that the parent firms retain activities in the joint venture’s market, or in other markets, does not seem to be properly incorporated into the analysis under the Merger Regulation. This thesis seeks to propose some alternatives and solutions with respect to these problematic issues and, thereby, contribute to the body of knowledge and debate about joint ventures which have been, and will be, one of the most intricate and controversial topics of competition law.
Subjects/Keywords: 343.07; Law; Competition law; Mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Baş, K. (2013). A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime. (Doctoral Dissertation). Queen Mary, University of London. Retrieved from http://qmro.qmul.ac.uk/xmlui/handle/123456789/8806 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.667230
Chicago Manual of Style (16th Edition):
Baş, Kadir. “A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime.” 2013. Doctoral Dissertation, Queen Mary, University of London. Accessed January 17, 2021.
http://qmro.qmul.ac.uk/xmlui/handle/123456789/8806 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.667230.
MLA Handbook (7th Edition):
Baş, Kadir. “A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime.” 2013. Web. 17 Jan 2021.
Vancouver:
Baş K. A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime. [Internet] [Doctoral dissertation]. Queen Mary, University of London; 2013. [cited 2021 Jan 17].
Available from: http://qmro.qmul.ac.uk/xmlui/handle/123456789/8806 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.667230.
Council of Science Editors:
Baş K. A critical approach towards the substantive appraisal of joint ventures under the EU merger control regime. [Doctoral Dissertation]. Queen Mary, University of London; 2013. Available from: http://qmro.qmul.ac.uk/xmlui/handle/123456789/8806 ; https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.667230

Rice University
22.
Shi, Wei.
Corporate Leaders and Firm Acquisitions.
Degree: PhD, Business, 2016, Rice University
URL: http://hdl.handle.net/1911/96246
► This dissertation examines the influence of CEOs’ social peers on their acquisition decisions and consists of three empirical essays. Findings from the first essay indicate…
(more)
▼ This dissertation examines the influence of CEOs’ social peers on their acquisition decisions and consists of three empirical essays. Findings from the first essay indicate that CEOs undertake fewer acquisitions after they witness an independent director’s death, implying that an independent director’s death may heighten mortality awareness among CEOs, attenuating the importance of extrinsic goals in driving CEO acquisition decisions. Findings from the second essay suggest that after witnessing a dramatic increase in a CEO’s social status through winning a certification contest (i.e., a superstar CEO), competitors of the superstar CEO may be inspired to engage in intensive acquisition activities to increase their social status. Findings from the third essay indicate that CEOs undertake more acquisitions but such acquisitions tend to be value destructive when CFOs exhibit a high level of language style matching with CEOs. I posit that high CEO-CFO language style matching reflects that the CFO may try to ingratiate the CEO and is less likely play the role of a “naysayer”. This dissertation can contribute to strategic leadership research by highlighting the importance of CEOs’ social peers in shaping firm acquisition decisions and acquisition decision quality.
Advisors/Committee Members: Hoskisson, Robert E (advisor), Zhang, Yan Anthea (advisor).
Subjects/Keywords: Strategic leadership; mergers and acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Shi, W. (2016). Corporate Leaders and Firm Acquisitions. (Doctoral Dissertation). Rice University. Retrieved from http://hdl.handle.net/1911/96246
Chicago Manual of Style (16th Edition):
Shi, Wei. “Corporate Leaders and Firm Acquisitions.” 2016. Doctoral Dissertation, Rice University. Accessed January 17, 2021.
http://hdl.handle.net/1911/96246.
MLA Handbook (7th Edition):
Shi, Wei. “Corporate Leaders and Firm Acquisitions.” 2016. Web. 17 Jan 2021.
Vancouver:
Shi W. Corporate Leaders and Firm Acquisitions. [Internet] [Doctoral dissertation]. Rice University; 2016. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/1911/96246.
Council of Science Editors:
Shi W. Corporate Leaders and Firm Acquisitions. [Doctoral Dissertation]. Rice University; 2016. Available from: http://hdl.handle.net/1911/96246

University of Toronto
23.
Armstrong, Grant.
Leadership in Times of Change: An Examination of a Merger Experience.
Degree: 2011, University of Toronto
URL: http://hdl.handle.net/1807/31680
► Mergers continue to increase globally. Leaders have a critical role in the success of those mergers based on the practices that they employ during this…
(more)
▼ Mergers continue to increase globally. Leaders have a critical role in the success of those mergers based on the practices that they employ during this change phenomenon. This study examines leadership practices within a financial organization during a merger and explores how these practices influence the merger. This study also identifies challenges faced by organizations during the merger process. During this qualitative study, interviews were conducted with 17 leaders to understand what leaders do in times of mergers. Through their stories, they identified leadership practices and described how these practices influenced the merger process. Seven leadership themes emerged from the data including: (a) Providing Strategic Vision, (b) Utilizing Effective Communication, (c) Creating a Positive Organizational Culture, (d) Commitment to Fairness, (e) Effective Negotiation and Conflict Resolution, (f) Problem Solving and Decision Making, and (g) Managing Change and the Unknown. The interviews also provided insights into some of the challenges faced by organizations before, during, and after a merger. A conceptual model grounded in theory helped guide the study.
Although the body of literature regarding mergers continues to grow, there has been limited examination about the influence of leadership practices before, during, and after a merger. This study adds to the research literature in two ways. First, it has made a new contribution as academic research dealing with financial institutions and specifically the co-operative movement. Secondly, this study also builds on some of the scholarly work related to the leadership practices as they relate to creating a vision, creating a positive culture, effective communication, commitment to fairness, problem solving and decision making, effective negotiation, and managing change.
EDD
Advisors/Committee Members: Ryan, James, Theory and Policy Studies in Education.
Subjects/Keywords: Leadership; Change; Mergers; 0688
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Armstrong, G. (2011). Leadership in Times of Change: An Examination of a Merger Experience. (Doctoral Dissertation). University of Toronto. Retrieved from http://hdl.handle.net/1807/31680
Chicago Manual of Style (16th Edition):
Armstrong, Grant. “Leadership in Times of Change: An Examination of a Merger Experience.” 2011. Doctoral Dissertation, University of Toronto. Accessed January 17, 2021.
http://hdl.handle.net/1807/31680.
MLA Handbook (7th Edition):
Armstrong, Grant. “Leadership in Times of Change: An Examination of a Merger Experience.” 2011. Web. 17 Jan 2021.
Vancouver:
Armstrong G. Leadership in Times of Change: An Examination of a Merger Experience. [Internet] [Doctoral dissertation]. University of Toronto; 2011. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/1807/31680.
Council of Science Editors:
Armstrong G. Leadership in Times of Change: An Examination of a Merger Experience. [Doctoral Dissertation]. University of Toronto; 2011. Available from: http://hdl.handle.net/1807/31680

University of Arizona
24.
Velez-Velasquez, Juan S.
Three Essays on Colombia's Telecommunications
.
Degree: 2017, University of Arizona
URL: http://hdl.handle.net/10150/624582
► Colombia's telecommunication industry has changed drastically in the last decade. Among the most salient events, a series of mergers between some of the industry's largest…
(more)
▼ Colombia's telecommunication industry has changed drastically in the last decade. Among the most salient events, a series of
mergers between some of the industry's largest providers which resulted in a reduced number of competitors. One would expect that this reduction in the number of competitors would translate into higher prices. However, competition is at such high level that the media even talk about a "price war". My dissertation aims to shed light on the causes of this apparent inconsistency between a smaller number of competitors and more competitive outcomes. I start by showing that, in effect, the latest of these
mergers, the one between Comcel and Telmex, had a pro-competitive effects on the provision of broadband. Next I show that the services provided by Comcel and Telmex were complements and that the pro-competitive effects of the merger can be explained by this complementarity. Finally, I study the effects of price discrimination under oligopolistic competition. In chapter 1 I assess the ex-post short-run effect on broadband provision of the Comcel-Telmex merger. Employing administrative data about the universe of plans and firms providing wired telecom services, I use several difference-in-difference specifications to obtain estimates for the effect of the merger on price and download speeds of plans provided by the merging firm and its rivals. My estimates suggest that, in markets affected by the merger, download speeds rose by .6 Megabits per second on average. The average increase in the markets resulted from increases in the plans offered by the merging firm (1.2 Mbps) and increases in the speeds of plans provided by its rivals (.5 Mbps). In chapter 2 I study
mergers of firms producing complementary goods.
Mergers of firms producing complementary products have ambiguous effects on consumer welfare. The merged firm may lower prices because the merger internalizes the profits originated by the complementarity. But with the merger the firm gains the ability to bundle and with bundles the firm can exert price discrimination, increasing the prices of standalone products. I employ a comprehensive, administrative data set, which records prices, market shares, and plan attributes of the universe of Colombia’s telecom carriers, to assess which effect dominates. I estimate a random-coefficient discrete choice model of consumer demand model for bundled and standalone telecom products, in which the degree of substitutability or complementarity among products is an essential parameter of interest. I find that major telecom products display a mix of substitutability and complementarity, but in general hardwired and mobile services are perceived as complements by Colombian households. My counterfactual experiments using the estimated model, indicate positive net effects of
mergers with complements: despite a small increase in the price of standalone goods, consumer surplus increases by around 7 million dollars per quarter. Finally, in chapter 3, I study price discrimination in an oligopolistic setting. Economic…
Advisors/Committee Members: Xiao, Mo (advisor), Xiao, Mo (committeemember), Gowrisankaran, Gautam (committeemember), Varela, Mauricio (committeemember).
Subjects/Keywords: Complements;
Mergers;
Price discrimination
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Velez-Velasquez, J. S. (2017). Three Essays on Colombia's Telecommunications
. (Doctoral Dissertation). University of Arizona. Retrieved from http://hdl.handle.net/10150/624582
Chicago Manual of Style (16th Edition):
Velez-Velasquez, Juan S. “Three Essays on Colombia's Telecommunications
.” 2017. Doctoral Dissertation, University of Arizona. Accessed January 17, 2021.
http://hdl.handle.net/10150/624582.
MLA Handbook (7th Edition):
Velez-Velasquez, Juan S. “Three Essays on Colombia's Telecommunications
.” 2017. Web. 17 Jan 2021.
Vancouver:
Velez-Velasquez JS. Three Essays on Colombia's Telecommunications
. [Internet] [Doctoral dissertation]. University of Arizona; 2017. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/10150/624582.
Council of Science Editors:
Velez-Velasquez JS. Three Essays on Colombia's Telecommunications
. [Doctoral Dissertation]. University of Arizona; 2017. Available from: http://hdl.handle.net/10150/624582
25.
Tabouratzi, Efthalia.
Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας.
Degree: 2015, University of the Aegean; Πανεπιστήμιο Αιγαίου
URL: http://hdl.handle.net/10442/hedi/35313
► In the present study we examined the reasons that can lead a company in a merger decision, the legal framework governing the merger and acquisitions,…
(more)
▼ In the present study we examined the reasons that can lead a company in a merger decision, the legal framework governing the merger and acquisitions, according to both the Greek and International Law and the results achieved on the undertakings concerned. The study was divided into three stages. In the first stage, we approached conceptual M & Α, we recorded how development companies and highlighted the importance and types of M & A. After a brief historical overview of the phenomenon of M & A, both in Greece and internationally, we examined the motivations, ways of avoiding, conditions and inhibiting factors for the implementation of M & A. Then, we studied the institutional context of M & A in Greece. We recorded in detail both legally defined procedures and accounting merger procedures for all types of mergers. In the next stage, we examined the methods for assessing the value of the company and the basic process governing M & A companies under the accounting science.In the last stage, we examined the efficiency evaluation methodologies for M & A.
Με τη παρούσα μελέτη εξετάσαμε τους λόγους που μπορεί να οδηγήσουν μια επιχείρηση σε μια απόφαση συγχώνευσης , το νομικό πλαίσιο που διέπει την διαδικασία συγχώνευσης και εξα-γοράς επιχειρήσεων, με βάση τόσο την Ελληνική όσο και τη Διεθνή Νομοθεσία και τα αποτελέσματα που θα επιφέρει στις εμπλεκόμενες επιχειρήσεις. Η μελέτη χωρίζεται σε τρία στάδια. Κατά το πρώτο στάδιο, προσεγγίσαμε εννοιολογικά τις Σ & Ε, καταγράψαμε τους τρόπους ανάπτυξης των εταιρειών και επισημάναμε την σπουδαιό-τητα και τα είδη Σ & Ε. Μετά από μία σύντομη ιστορική αναδρομή του φαινομένου των Σ & Ε τόσο στην Ελλάδα όσο και σε διεθνές ε-πίπεδο, εξετάστηκαν τα κίνητρα, οι τρόποι αποφυγής, οι προϋπο-θέσεις και οι ανασταλτικοί παράγοντες για την υλοποίηση των Σ & Ε. Στην συνέχεια, μελετήθηκε το θεσμικό πλαίσιο των Σ & Ε στην Ελλάδα. Καταγράφηκαν αναλυτικά τόσο οι εκ του νόμου οριζόμενες διαδικασίες όσο και οι λογιστικές διαδικασίες συγχώνευσης για όλες τις μορφές συγχωνεύσεων. Στο επόμενο στάδιο, εξετάστηκαν οι μέθοδοι εκτίμησης της αξίας της επιχείρησης και η βασική διαδι-κασία που διέπει τις Σ & Ε εταιρειών με βάση τη λογιστική επιστή-μη. Στο τελευταίο στάδιο, εξετάστηκαν οι μεθοδολογίες αξιολόγησης της αποδοτικότητας των Σ & Ε.
Subjects/Keywords: Συχωνεύσεις; Εξαγορές; Mergers and aquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Tabouratzi, E. (2015). Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας. (Thesis). University of the Aegean; Πανεπιστήμιο Αιγαίου. Retrieved from http://hdl.handle.net/10442/hedi/35313
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Tabouratzi, Efthalia. “Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας.” 2015. Thesis, University of the Aegean; Πανεπιστήμιο Αιγαίου. Accessed January 17, 2021.
http://hdl.handle.net/10442/hedi/35313.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Tabouratzi, Efthalia. “Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας.” 2015. Web. 17 Jan 2021.
Vancouver:
Tabouratzi E. Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας. [Internet] [Thesis]. University of the Aegean; Πανεπιστήμιο Αιγαίου; 2015. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/10442/hedi/35313.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Tabouratzi E. Συγκριτική μελέτη του χειρισμού των συγχωνεύσεων των επιχειρήσεων από τη σκοπιά της ελληνικής και της διεθνούς νομοθεσίας. [Thesis]. University of the Aegean; Πανεπιστήμιο Αιγαίου; 2015. Available from: http://hdl.handle.net/10442/hedi/35313
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of British Columbia
26.
Hodge, Fraser Douglas.
Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers.
Degree: Master of Laws - LLM, Law, 2008, University of British Columbia
URL: http://hdl.handle.net/2429/2615
► Over the past several decades the business world has witnessed countless corporate mergers of unlimited size and description. The ramifications of these events are profound…
(more)
▼ Over the past several decades the business world has witnessed countless corporate mergers of unlimited size and description. The ramifications of these events are profound and the impacts are felt in every walk of life. Canada is not exempt.
Consolidation of workforces following corporate mergers has become a complex undertaking which defines the extent and scope of impact on every employee. Employees enjoy varying degrees of control or influence over protection of their working conditions and benefits accrued over their employment service. The extent of an employee's influence over the impact of his corporate merger is governed by his placement in the hierarchy of the corporation. Management employees have the least influence while highly unionized employees have the greatest influence.
This thesis will explore the evolution of legal, economic, and industrial relations principles identifiable as governing an employee's ability to carry forward his earned benefits of employment primarily in the Canadian context with some view to the international context.
Subjects/Keywords: Mergers; Labour
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Hodge, F. D. (2008). Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers. (Masters Thesis). University of British Columbia. Retrieved from http://hdl.handle.net/2429/2615
Chicago Manual of Style (16th Edition):
Hodge, Fraser Douglas. “Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers.” 2008. Masters Thesis, University of British Columbia. Accessed January 17, 2021.
http://hdl.handle.net/2429/2615.
MLA Handbook (7th Edition):
Hodge, Fraser Douglas. “Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers.” 2008. Web. 17 Jan 2021.
Vancouver:
Hodge FD. Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers. [Internet] [Masters thesis]. University of British Columbia; 2008. [cited 2021 Jan 17].
Available from: http://hdl.handle.net/2429/2615.
Council of Science Editors:
Hodge FD. Legal, economic, and industrial relations considerations in workforce integrations following corporate mergers. [Masters Thesis]. University of British Columbia; 2008. Available from: http://hdl.handle.net/2429/2615

Rutgers University
27.
Porterfield-Gregorio, Victoria Elyse, 1986-.
Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration.
Degree: PhD, Planning and Public Policy, 2018, Rutgers University
URL: https://rucore.libraries.rutgers.edu/rutgers-lib/57676/
► Colleges and universities have faced tough decision-making, particularly when it comes to allocating resources to balance effectiveness and efficiency. Many institutions of higher education in…
(more)
▼ Colleges and universities have faced tough decision-making, particularly when it comes to allocating resources to balance effectiveness and efficiency. Many institutions of higher education in the United States and abroad have begun to look for alternative policy solutions to increase both effectiveness and efficiency in an effort to save resources and increase their competitive advantage through mergers and acquisitions (M&As). Enhanced effectiveness can create more robust and competitive programs that will improve educational outcomes, and increased efficiency can condense duplicative programs and services, refine resource allocation, and reduce overall costs. My review of higher education mergers indicates that a comprehensive evaluation of any merger or acquisition in United States’ higher education has not been conducted in recent years. A major feature of this research is conducting an outcomes assessment which doesn’t appear to have been done with other higher education M&As. The Rutgers-UMDNJ integration has many outcomes that require evaluation to better guide policymakers, colleges, and universities about their decisions and practices regarding higher education mergers and acquisitions. The primary purpose of this study was to provide a framework for how to evaluate a higher education M&A, with a special emphasis on examining outcome trajectories. Although it may be too soon to evaluate the long-term benefits or the costs of the Rutgers-UMDNJ integration, an interim evaluation of the intended goals can help determine whether the integration has facilitated any noticeable changes three years after its implementation. Moreover, the implications for future program implementation of mergers and acquisitions in institutions of higher education can be guided and assessed through this research. The reasons, design, implementation, effectiveness, and efficiency of the Rutgers-UMDNJ integration were evaluated. The implementation assessment revealed that the integration was implemented with fidelity to the design. The effectiveness and efficiency assessments both revealed that small and sluggish progress had been made, notably the SAT scores at the School of Arts and Sciences (SAS) and Ernest Mario School of Pharmacy (Pharm) had increased post-integration. But, many of the outcomes have yet to be fully realized three years post-integration. Limitations in this study include expanding the number and types of individuals interviewed, the inability to evaluate graduate student admissions and human resources data, and the lack of a collaborative research database pre-integration. Future evaluation of this case in another 5-7 years, which would be approximately 10 years post-integration, is suggested.
Advisors/Committee Members: Jagannathan, Radha (chair), Coleman, Henry (internal member), Shapiro, Stuart (internal member), Klein, Mike (outside member), School of Graduate Studies.
Subjects/Keywords: Universities and colleges – Mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Porterfield-Gregorio, Victoria Elyse, 1. (2018). Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration. (Doctoral Dissertation). Rutgers University. Retrieved from https://rucore.libraries.rutgers.edu/rutgers-lib/57676/
Chicago Manual of Style (16th Edition):
Porterfield-Gregorio, Victoria Elyse, 1986-. “Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration.” 2018. Doctoral Dissertation, Rutgers University. Accessed January 17, 2021.
https://rucore.libraries.rutgers.edu/rutgers-lib/57676/.
MLA Handbook (7th Edition):
Porterfield-Gregorio, Victoria Elyse, 1986-. “Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration.” 2018. Web. 17 Jan 2021.
Vancouver:
Porterfield-Gregorio, Victoria Elyse 1. Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration. [Internet] [Doctoral dissertation]. Rutgers University; 2018. [cited 2021 Jan 17].
Available from: https://rucore.libraries.rutgers.edu/rutgers-lib/57676/.
Council of Science Editors:
Porterfield-Gregorio, Victoria Elyse 1. Mergers and acquisitions in higher education: a case study of the Rutgers-UMDNJ integration. [Doctoral Dissertation]. Rutgers University; 2018. Available from: https://rucore.libraries.rutgers.edu/rutgers-lib/57676/
28.
Blomberg, Simon.
Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting.
Degree: Business Administration, 2019, Umeå University
URL: http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168706
► “How has the merger of Region Västerbotten impacted the employees from a change resistance, merger theory and communication theory perspective”. At the moment there…
(more)
▼ “How has the merger of Region Västerbotten impacted the employees from a change resistance, merger theory and communication theory perspective”. At the moment there is a demand for governmental organisations to spend money more efficiently and save money where possible from the taxpayers. A results of this pressure is the idea of merging governmental organisations, this in an effort to reduce costs and streamline their core activities. The most recent example of such a governmental merger is the one conducted by Region Västerbotten and Västerbottens Läns Landsting. This merger was conducted because both of these organisations’ core activities go hand in hand, the merger is supposed to help those activities blossom further. In this thesis the effects on employees affected by the merger was looked upon from a change resistance and merger theory perspective. It was concluded that the merger could have been handled better through more involvement of employee suggestions and listening to their opinions in the so called deal negotiation phase leading up to the merger. A number of employees were interviewed regarding their experience with the merger and their opinions on what had worked well and what had not worked. To summarize the opinions of the interviewed employees there were no clear and obvious improvements for them but instead everything had in their opinion become worse in some way.
Subjects/Keywords: Government Mergers; Intragovernmental mergers; Change resistance; Communication theory; Business Administration; Företagsekonomi
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Blomberg, S. (2019). Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting. (Thesis). Umeå University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168706
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Blomberg, Simon. “Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting.” 2019. Thesis, Umeå University. Accessed January 17, 2021.
http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168706.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Blomberg, Simon. “Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting.” 2019. Web. 17 Jan 2021.
Vancouver:
Blomberg S. Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting. [Internet] [Thesis]. Umeå University; 2019. [cited 2021 Jan 17].
Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168706.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Blomberg S. Intragovernmental Mergers : A case study into the impact on employees by the merger of Region Västerbotten and Västerbottens läns landsting. [Thesis]. Umeå University; 2019. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-168706
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

NSYSU
29.
Hsieh, Chih-Chang.
M & A motives, integration and Benefit Analysis - A Case Study of A Company.
Degree: Master, EMBA, 2011, NSYSU
URL: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0822111-145716
► Abstract In Taiwan, there are many types of real estate business model, due to the threshold of its public offering higher than other industries, making…
(more)
▼ Abstract
In Taiwan, there are many types of real estate business model, due to the threshold of its public offering higher than other industries, making the business case often built using a model of a company's business, so companies can not sustainable. In addition, the cost of land continued to improve and build the company purchased the land fund for improvement, using the pattern of joint ventures to cash flow can not meet the high, so the construction company should consider other business model.
This research will use case study method will be A company as the case study, the merger into the real estate industry over the past two years, in order to have acquired companies to achieve sustainable development the idea of public companies, this study will focus on mergerâs motivation, the
subject matter of the filter acquisition, merger integration process and the synergy of the merger case analysis.
Based on interviews and case study, this study proposes the following management implications. First, the success of
mergers and acquisitions, the acquirer of the personality traits of its M & A decision-making process. Second, a critical success factor in this case, including: targeted, no time pressure, set the merger conditions, actively funding and personnel issues. Third, the merger synergies in the case show the business model into a public company and increase the convenience of obtaining funds, but also enhances the growth force of the future development of enterprises.
Keywords:
mergers and acquisitions, synergy, case studies
Advisors/Committee Members: Hsin-Hui Lin (chair), Jeng Yih (committee member), Shyu,So-De (chair).
Subjects/Keywords: case studies; synergy; mergers and acquisitions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Hsieh, C. (2011). M & A motives, integration and Benefit Analysis - A Case Study of A Company. (Thesis). NSYSU. Retrieved from http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0822111-145716
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Hsieh, Chih-Chang. “M & A motives, integration and Benefit Analysis - A Case Study of A Company.” 2011. Thesis, NSYSU. Accessed January 17, 2021.
http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0822111-145716.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Hsieh, Chih-Chang. “M & A motives, integration and Benefit Analysis - A Case Study of A Company.” 2011. Web. 17 Jan 2021.
Vancouver:
Hsieh C. M & A motives, integration and Benefit Analysis - A Case Study of A Company. [Internet] [Thesis]. NSYSU; 2011. [cited 2021 Jan 17].
Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0822111-145716.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Hsieh C. M & A motives, integration and Benefit Analysis - A Case Study of A Company. [Thesis]. NSYSU; 2011. Available from: http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0822111-145716
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Pretoria
30.
[No author].
The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
.
Degree: 2013, University of Pretoria
URL: http://upetd.up.ac.za/thesis/available/etd-02242013-133315/
► Mergers and acquisitions remain a constant feature of both the local and international markets, but little is definitely know about what determinants of aggregate merger…
(more)
▼ Mergers and acquisitions remain a constant feature
of both the local and international markets, but little is
definitely know about what determinants of aggregate merger
activityThe aim of this research report is to evaluate the dynamic
relationship between a selected number of determinants and
aggregate merger activity. We limited our selection of determinants
to either macroeconomic or market factors, and limited our
acquirers listed on the Johannesburg Stock Exchange.We defined
aggregate merger activity using three measures, namely, quarterly
deal frequency, quarterly deal value and a relative measure, which
took the ratio of deal value over the JSE All Share Index. We
utilised Gross Domestic Product, the Repurchase Rate, Consumer
Price Index (CPI) and Producer Price Index (PPI) as our
macroeconomic variables. Our market variables were the JSE All
Share Index, the All Bond Index and the USD/ZAR Foreign Exchange
Rate. Employing the appropriate data transformations, unit root,
regression analysis and cointegration tests we were able to
statistically test for the hypothesized relationships.Results
indicated that only the Repurchase Rate was applicable in
explaining the variation in the deal frequency variable, while none
of the chosen determinants were significant in explaining the
variation in the deal value and relative deal value measures.
Overall, we found in all three cases that the fitted regression
model did not explain the variation in our aggregate merger measure
well.On a long-term equilibrium basis, we found that the All Bond
Index and CPI were cointegrated with the deal frequency measure.
The deal value measure had a long-term equilibrium relationship
with the JSE All Share Index, while the relative deal value measure
had a long term equilibrium relationship with the All Bond Index,
CPI and PPI
Advisors/Committee Members: Mr M MacKenzie (advisor).
Subjects/Keywords: UCTD;
Merger activity;
Macroeconomic factors;
Acquisitions;
Mergers
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
author], [. (2013). The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
. (Masters Thesis). University of Pretoria. Retrieved from http://upetd.up.ac.za/thesis/available/etd-02242013-133315/
Chicago Manual of Style (16th Edition):
author], [No. “The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
.” 2013. Masters Thesis, University of Pretoria. Accessed January 17, 2021.
http://upetd.up.ac.za/thesis/available/etd-02242013-133315/.
MLA Handbook (7th Edition):
author], [No. “The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
.” 2013. Web. 17 Jan 2021.
Vancouver:
author] [. The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
. [Internet] [Masters thesis]. University of Pretoria; 2013. [cited 2021 Jan 17].
Available from: http://upetd.up.ac.za/thesis/available/etd-02242013-133315/.
Council of Science Editors:
author] [. The determinants of aggregate domestic merger activity
for companies listed on the Johannesburg Stock
Exchange
. [Masters Thesis]. University of Pretoria; 2013. Available from: http://upetd.up.ac.za/thesis/available/etd-02242013-133315/
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