NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
Premium Cash flow Investment Stock market
The State of the Eiffel Tower Europe is said to be famous for its beautiful landmarks like The Colosseum and The Stonehenge‚ but among these structures the most well known is Eiffel Tower in Paris‚France. This architecture stood the test of time despite its original plans as a temporary structure This gracefully shaped structure of Paris was built for the Universal Exhibition in 1889 to mark centennial celebration of the French Revolution. A lot of artist competed for their own designs to be
Free Paris France Eiffel Tower
are some brands which are initially failed due to the cultural influence in Indian market. KELLOGG’S Kellogg’s is one of the most successful Global brands from U.S. which was world’s leading producer of cereal and convenience foods. When Kellogg’s first entered India in 1994‚ it heavily bet on transforming the Indian breakfast cereal market through switching breakfast habits of Indian consumers who were used to hot breakfast foods. They wanted them to make an instant switch from their own traditional
Premium Breakfast Breakfast cereal
Marketing & Firm Performance” Leslie M. Fine‚ author of “The Bottom Line: Marketing & Firm Performance‚” analyzes how marketing relates to how well the firm does overall. A majority of the article is focused on how customer relations’ impact firm performance and can affect shareholder wealth. Firms improving customer equity and reducing the firm’s cash needs‚ will influence the net present value of the firm. Within recent years‚ there has been an increase in the awareness that firms should be able
Premium Marketing Stock
management effectiveness: lessons from worldleading firms Michal Biron a a b ‚ Elaine Farndale & Jaap Paauwe b b Graduate School of Management‚ University of Haifa‚ Mount Carmel‚ Haifa‚ Israel b Department of Human Resource Studies‚ Tilburg University‚ LE Tilburg‚ The Netherlands Available online: 30 Mar 2011 To cite this article: Michal Biron‚ Elaine Farndale & Jaap Paauwe (2011): Performance management effectiveness: lessons from world-leading firms‚ The International Journal of Human Resource Management
Premium Human resource management Management Performance management
2 TUESDAY 10 DECEMBER 2002 QUESTION PAPER Time allowed 3 hours This paper is divided into two sections Section A ALL THREE questions are compulsory and MUST be answered TWO questions ONLY to be answered Section B Paper 2.6(INT) Section A – ALL THREE questions are compulsory and MUST be attempted 1 The objectivity of the external auditor may be threatened or appear to be threatened where: (i) There is undue dependence on any audit client or group of clients; (ii) The firm‚ its partners
Premium Audit Internal control Auditing
History At the end of the 19th Century ‚in the light of recovering French economy after the Franco-Prussian War‚ French republic announced the opening of a competition to design a 1000-foot tall tower for the 1889 Universal Exposition. The location of the tower was determined to be at Champ de Mars in Paris. Gustave Eiffel’s company engineer‚ Maurice and Emile alongside the architect Stephen Souvestre came out with a proposal to enter the competition. Their blueprint was selected unanimously out
Free Paris France Eiffel Tower
1. Starting off‚ if we were Palmer we would be disappointed that our top assistant is being taken away from our project. However‚ after taking an objective view of the situation‚ we would be able to realize it was the best move for the company. The situation was not working out because we were losing valuable work time from an employee. Because management decided on Olds working on the Crosby’s project‚ we would like management to find us a suitable replacement. Olds was a good employee‚ but he
Premium Project management
have a friend or relative who can clear out a room when they kick off their shoes. And even the sweetest smelling person can do a decent job stinking up a pair of shoes by running a few miles in them. So what’s going on here? Why do your feet have a stronger odor than the rest of you does? The main thing that feeds foot smell is sweat. With more than 250‚000 sweat glands each‚ your feet are among the most perspiring parts of the body. In one day‚ each foot can produce more than a pint of sweat! Sweat
Free Olfaction Odor Smell
Empirical Evidence on Retail Firms’ Equity Valuation Models Anastasia Vardavaki 13 Epidavrou str.‚ Halandri‚ 152 33 Athens‚ Greece E-mail: anastasia_vardavaki@yahoo.gr John Mylonakis 10 Nikiforou str.‚ Glyfada‚ 166 75 Athens‚ Greece E-mail: imylonakis@panafonet.r Abstract This paper presents the theoretical framework for the process of equity valuation and investigates the relative explanatory power of alternative linear equity valuation models when applied to firms in the UK food and drug retail
Premium Generally Accepted Accounting Principles Stock market Discounted cash flow