When do vertical mergers create value? This paper studies the market reaction to vertical mergers and explores the many rationales for vertical integration proposed in the industrial organization literature. Abnormal returns for vertical merger announcements are positive until the late 1990s‚ and turn negative afterward. Acquirers suffer most of the losses. We find support for the most fundamental insight in the industrial organization literature‚ namely‚ that vertical mergers generate the greatest
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are to blame for the tragedy of Romeo and Juliet rather than the young lovers. Discuss. In the play Romeo and Juliet‚ the adults are partly to blame for the tragedy of Romeo and Juliet. Friar Lawrence‚ Romeo’s mentor‚ had a part of the responsibility. He should have told the parents about Romeo and Juliet’s relationship. Also‚ he made up the rushed plan that backfired and ultimately killed the young lovers. He also left Juliet at the time when she needed him most. However‚ I think that the fate
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Task Mode | Task Name | Duration | Start | Finish | Predecessors | Resource Names | WBS | Auto Scheduled | Establish a Manufacturing Facility | 1 day? | Thu 3/7/13 | Thu 3/7/13 | | | 1 | Auto Scheduled | Securing the building | 1 day? | Thu 3/7/13 | Thu 3/7/13 | | | 1.1 | Manually Scheduled | Negotiating the purchase of the building | | | | | | 1.1.1 | Manually Scheduled | Refurbishing the building structure | | | | | | 1.1.2 | Manually Scheduled | Upgrading
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Work Breakdown Structure (WBS) Introduction Kathy Kudler‚ the Founder‚ continues to take a major role in the store operation. Kudler Fine Foods took a six month planning period before the project start. The stores organizational structure‚ while very personal‚ is a perfect picture of organizational structure. This structure clusters people with similar skills into the same department. Kudler simplifies this by incorporating different departments into a single whole‚ Kudler fine
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Assess the care for sentencing mentally disordered offenders to prison rather than a forensic psychiatric hospital setting. The 19th Century saw many efforts to remove mentally ill offenders from the prison system. Bethlam Hospital in London opened a new wing for the criminal offenders who were diagnosed with a mental illness. Shortly after‚ Broadmoor hospital was opened. However‚ this did not end the detention of the mentally ill offenders in prison; although more special provision was being
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’Id rather be a senator than a member of the house of representatives’ Both houses need each other in order to function as they are both part of the legislative branch of government however there are many arguments to suggest that senate is more prestigious that the house of representatives. American citizens see a lot more pride in their senator as they represent the entire state not just a small region within it. For example Representative Joe Baca represents a single congressional region
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”Critically discuss the issues and challenges organisations face when pursuing organic rather than external methods of development” Nowadays every company faces the need for strategic growth in the fast moving business world where every organisation has to be flexible and needs to adapt to changeable environment. A lot of organisations fail to growth successfully. What are the main reasons for inefficient strategic growth? In order to answer this question‚ it is essential to understand what
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The WB-PBPK model for caspofungin was constructed according to the scheme of 14 tissue compartments of the disposition model. Simulations were based on caspofungin physicochemical and the vitro data (Table 2). Tissue distribution was predicted using established tissue composition equations. Hepatic and renal caspofungin clearances were calculated by the PKplus model‚ as described in the method section. The results are shown in Table 3. The observed and WB-PBPK model simulated mean plasma concentration-time
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Many people nowadays face a difficult decision when they buy their own home. The question is whether they should buy a house or an apartment. There would seem to be clear benefits and drawbacks to both options. Perhaps the major advantage of living in a house is the issue of privacy. Typically‚ there is more opportunity for peace and quiet‚ if you live in a house. This is particularly the case if it is a detached house. Other significant advantages are that houses are generally more spacious
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music‚ television‚ for example) tend to create rather than reflect the values of a society." For most who live in first-world countries‚ it is impossible to go through a given day without being inundated with messages through media. Marshall McLuhan argued in his seminal research that "The medium is the message‚" and examining the values that are propagated through media is an important one with implications for how societal values are formed. Does media create or reflect the values of a society?
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