The Wealth Effect of Cross-Border Mergers and Acquisitions in the Chinese Financial Sector Abstract This paper investigates the short-term wealth effects on foreign acquirers and Chinese targets involved in 37 cross-border mergers and acquisitions (M&As) in Chinese financial sector during the period 1990-2005. The intra-industry effects of significant cross-border M&As are then analyzed by examining the wealth effects on the rivals of Chinese target firms. The empirical results show that
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Border protection has been an issue in the United States for much longer than what most Americans would think. Citizens in today’s society seem to think of border protection has a job for the border patrol to catch illegal aliens and drugs being smuggled into this country. The truth is that border protection is much more than just catching the smuggling. Some seem to forget much about our history of trade and imports. Where is this nation heading with our borders. Is building walls the answer or
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Assess the importance of Alliance System relative to other factors which brought about the outbreak of WW1. The relative importance of alliance system is smaller than other factors .Other factors that lead to the outbreak of WW1 such as extreme nationalism‚ new imperialism‚ militarism and pre-war crisis are relatively more important than it. To compare with extreme nationalism‚ alliance systems got less influential than it regard its definition in meaning. Alliance system is a system that
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Name: Chunxian Huang How might we usefully define marriage in universal cross cultural terms? Marriage‚ which is one of the most vital relationships of human beings‚ is a bewildering subject in people’s lives because it is hard to define‚ especially in the cross cultural terms. Cross cultural‚ according to the fourth edition of the American Heritage Dictionary of the English Language (2000)‚ is defined as “the interaction of differing cultures‚
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strategic alliance “A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. This form of cooperation lies between Mergers & Acquisition and organic growth.” Partners may provide the strategic alliance with resources such as products‚ distribution channels‚ manufacturing capability‚ project funding‚ capital equipment‚ knowledge‚ expertise‚ or intellectual property. The alliance is a cooperation or collaboration which
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How do businesses and transactions work? Worldwide‚ transactions between people‚ or between two businesses are made through the intermediates. Everywhere we look and everything we do‚ implies business. No matter how big or how small‚ they way we do business is very important. With the arose of technology‚ new‚ easier‚ and faster ways of making business have been created. The blockchain and cryptography are the basis of what is now known as cryptocurrency‚ which is basically digital money. This new
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How do we define ourselves as Humans? Name: Instructor or Class: September 10‚ 2009 This paper discusses what it means to be human‚ and the importance of the human’s responsibilities in life. It is important to fulfill the responsibilities as humans‚ and to explore all of the options and possibilities that the human’s short life has to hold. Plato saw man’s true nature as rational and believed that civilized society must be organized‚ and civilized life conducted according to
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APBT 3312.80 INTERNET WEB SEARCH ARTICLE #1 HOW DO EMPLOYERS MONITOR INTERNET USAGE AT WORK? This article informs us the readers on how and what forms an employer can monitor our internet usage while at work. The main reason that we see this at work is due to our advance technology at the work place. Almost all companies have access to the internet at work which entices the workers to go to websites that are not work related. This article does not debate whether it is legal or illegal. It provides
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Alliance Concrete Case Analysis Executive Summary: This report provides an analysis and evaluation of the current and forecasted profitability‚ liquidity and financial stability of Alliance Concrete. Methods of analysis include forecasting the income statement and balance sheet to calculate financial ratios and profitability ratios. The key drivers for the income statement was management’s assumption about the sales environment surrounding Alliance Concrete. All calculations can be found on the
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Group (PBG) Supply Chain Strategy team transformed the company’s production sourcing process. Before the transformation‚ PBG’s sourcing strategy was updated annually and distributed to autonomous business unit directors. The directors decided if and how the sourcing strategy should be implemented. To address increased complexity driven by market factors‚ PBG investigated a network-based approach to product sourcing. At the end of the implementation‚ PBG moved from a static sourcing strategy to a dynamic
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