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This thesis examines the effect of past acquisition experience, industry momentum, past acquisition performance, CEO change, joint ventures and cancelled transactions on the likelihood and performance of subsequent cross-border acquisitions made by Swedish listed companies. We investigate learning effects for acquiring companies by using an organizational learning theory framework and use logit re
Abstract Title: Does hedging of macroeconomic risk affect corporate credit ratings? - An empirical investigation on the role of hedging of macroeconomic risk by the use of derivatives in determining corporate credit ratings. Seminar date: June 7th 2010. Course: BUSM36 Degree Project in Corporate and Financial Management, 15 ECTS-credits. Authors: David Möller, Daniel Terike. Advisor: Lars Oxelheim
Purpose: This thesis aims to develop conceptual implications from interpretation of theories and case study on cross border M&As conducted by firms from emerging market with focus on the perspectives of motivation, integration and performance. Methodology: This thesis is developed through a descriptive case study on two related cases from emerging markets. Detailed implications are derived fro
If one were to study Management Consultancy, they could be spoilt for choices on what to research on. Bombarded by several images of imperviousness, merky business practices , shady deals, compromise, self service, competitive morality and many other forms of euphemisms, the researchers, would see these notions, appear loud and resplendent, especially when, ‘seen through’ client consultant relatio
The relationship between domestic investment and overseas investment has heavily analyzed before. With different situation, they get various results. Most of the analyses study the effect in the case of investments in developed countries, from high-production-cost home countries to low-cost host countries. In this study, we analyze this relationship in China, a low-cost host country. We use regres
Purpose: To determine if mergers and acquisitions are value creating or destroying in the Australian market, identifying the individual sources of this value creation or destruction, and attempt to relate the post-merger performance to changes in equity prices around the announcement date of the bid. Methodology: A quantitative approach comparing pre and post merger firm performance with a median
This paper analyzes corporate geographic diversification in an attempt to establish if crossborder deals involving UK acquirers on BRIC targets over the period 1997-01-01 to 2010-04- 15 are value-enhancing for acquirers and to identify the variables that influence the result. Our findings suggest that acquisitions of BRIC targets by UK based firms are on average, value enhancing at the 5% signific
En sammanfattning av uppsatsen på maximalt 8000 tecken.
By using a set of firms engaged in merger activities, the aim of this thesis is to evaluate whether the stock markets were able to foresee synergy realization correctly in our specific companies. If markets show a tendency to over-/underestimate synergies, we find it interesting to investigate further why that is. A triangulation methodology, where the authors use more than one methodological appr
Av den totala energiförbrukningen i Sverige står hushållen för 30 %. Det är en mycket stor andel som måste minskas. De nya byggnaderna som uppförs har en mycket låg energiförbrukning, men i Sverige har vi många äldre byggnader, inte minst från miljonprogrammet. Ett stort antal av alla dessa hus är i behov av renovering och därmed också minska energiförbrukningen. Syftet med detta examensarbete är
The thesis is a concept study on a tramway between Lund C - Bjärred. The purpose of this work is to develop possible routes for lightrail traffic between Lund C - Bjärred, and estimate the socio-economic profitability of these. A multi-criteria analysis has been conducted to study the soft parameters. In order to develop the possible routes, a field study has been conducted. The municipalities of
Aid and development has to a large extent failed to generate longterm economic growth in large part of the developing world in the post-war era. This has generated a lot of theory and literature about different solutions, frequently involving “smarter” aid. This study applies named development theories to the emerging field of Blended Value Investment (or Impact Investment) in order to generate ne
