on Mergers and Acquisitions and the Economy Michael C. Jensen Harvard Business School MJensen@hbs.edu © Michael C. Jensen‚ 1987 “The Merger Boom”‚ Proceedings of a Conference sponsored by Federal Reserve Bank of Boston‚ Oct. 1987‚ pp.102-143 This document is available on the Social Science Research Network (SSRN) Electronic Library at: http://papers.ssrn.com/ABSTRACT=350422 The Free Cash Flow Theory of Takeovers: A Financial Perspective on Mergers and Acquisitions and the Economy
Premium Corporate finance Stock Stock market
The Age Factor in Second Language Acquisition Introduction There are many factors that affect second language acquisition (SLA). For example‚ SLA is affected by the role of the mother tongue‚ the role of gender differences‚ the role of personal differences and the role of age differences. The role of age differences is one of the most important factors that affect SLA. It is often claimed that children learn faster than adults. The younger the learner of a foreign language‚ the more
Premium Second language acquisition Language acquisition Linguistics
COMPARING AND CONTRASTING FIRST AND SECOND LANGUAGE ACQUISITION Types of Comparison and Contrast | The Critical Period Hypothesis | Neurological Considerations Psychomotor Considerations Cognitive Considerations Affective Considerations Linguistic ConsiderationsIn the Classroom: The Audiolingual Method | The increased pace of research on first language acquisition in the 60s and 70s attracted the attention not only of linguists of all kinds but also of educators in various language-related
Premium Second language acquisition Language acquisition Linguistics
VALUING PROCESS This first layer of conscience‚ the “valuing process”‚ can be perceived as the outer shell from its basic and common decisions in the daily life‚ which anyone can see it with a little observation. This layer acts initially as an “interface receiver of information”. As detailed below in figure 1‚ any logical mental process [2] is paused or abruptly terminated when we fail to control feelings and desires in the moment by sensations on our physical body [3]. This “break” event potentially
Premium Mind Psychology Behavior
ESL’s Acquisi‚on of Kmart and Sears Who knows? Which one of the retailers had the greatest revenues in 1987? 6/12/12 ESL’s Acquisi‚on of Kmart and Sears 2 Agenda 1 2 3 4 5 Introduc5on Kmart‚ Sears‚ ESL Strategic vs. Financial buyer ESL’s Acquisi‚on of Kmart From Kmart to Sears Results
Premium Finance
Theories of First and Second Language Acquisition There are various theories that have been put forward to describe first and second language acquisition. This paper outlines similarities and difference between first and second language acquisition. Additionally key theoretical points on second language acquisition have been identified. Finally‚ an explanation of how I intend to use my understanding of language acquisition theory to inform my teaching practice will also be included. Similarities
Premium Second language acquisition Linguistics Language acquisition
Tata’s acquisition of Ford’s luxury brands Ford Motor Company announced it will sell its Jaguar and Land Rover divisions to India’s Tata Group. The Tata Group already owns former British stalwarts Tetley Tea and steel company Corus Group PLC. Now‚ it’s looking at a couple more renowned brands -- Jaguar and Land Rover -- a quantum leap in class for a group whose main vehicle business has been making inexpensive cars and trucks for Indians. The luxury brands would give Tata access to the know-how
Premium Ford Motor Company Tata Motors Tata Group
Identifying and Overcoming HR Challenges during Merger and Acquisition Activity HROB*4060 Human Resources Planning March 22nd‚ 2013 The goals of mergers range from reducing the number of competitors‚ to access of new products (Belcourt et al.‚ p 330). Statistics show that 80% of new product developments fail (Howells‚ 2011)‚ partly due to challenges and conflicts with human resources functions. Mergers and acquisitions are the fastest way to enter new markets. “It is estimated
Premium Mergers and acquisitions Human resources Corporate social responsibility
958 The Impact of Mergers & Acquisitions on IT Governance Structures: A Case Study Pauline O. Chin Florida Atlantic University‚ USA George A. Brown Technologies Consultant‚ Jamaica Qing Hu Florida Atlantic University‚ USA Chapter 2.32 ABSTRACT Developing information technology (IT) governance structures within an organization has always been challenging. This is particularly the case in organizations that have achieved growth through mergers and acquisitions. When the acquired organizations
Premium Governance
the capital Banco de Oro had. Analysts were worried about the repercussions this could have on the industry. However‚ the deal had been able to generate a lot of media hype‚ especially in newspaper editorials. The merger with or acquisition of Equitable PCI is one of the acquisitions that Banco de Oro has been
Premium Mergers and acquisitions Stock market