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
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Case 2 :Carnival Corporation: Acquiring Princess Cruise Line(2002) Question: Carnival management and board of directors believed that demand would continue to increase well in to the future. Considering that only a small percentage of the North America market had taken a cruise Vacation‚ reaching more of the North American target market would improve industry profitability. Industry analysis stated that the “assessment of market potential” was only an “educated guess ”.what if the current
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Case Study of SAIC Acquiring Ssangyong Motor Company By Cheryl‚ Linda‚ Vianne‚ Ivy‚ Danna and Bob Class 1‚ English Trade‚ SCNU 2011/12/01 Content 1. Introduction 2 1.1 Scale of Entry and Strategic Commitments 2 1.2 Establishing mode 2 2. External macro environment analysis 3 2.1 Political 3 2.1.1 Country’s situation 3 2.1.2 Shanghai’s situation 3 2.2 Economic 4 2.2.1 Cost of production 4 2.2.2 Currency exchange rates
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project looks at the procedures involved in acquiring fixed assets and the disposal of fixed. It also uses accounting ratios to analyze the workings of the company and to make a fair judgment of whether the organization has been effective or not in its acquiring‚ disposal and maintenance of fixed assets. The authors selected DEM COLLECTIVE LANKA as its case study company and it is their accounts that were used in this project. KEY WORDS: depreciation‚ acquiring‚ disposal‚ accounting ratios TABLE
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Acquiring Legal Status of a Business Firm under Sole Proprietorship in the Philippines Starting a business in the Philippines requires series of procedures and steps‚ and there are different processes of registration depending on the form of business the entrepreneur ventures. This research report will talk about how to acquire the legal status of a business under the business form – sole proprietorship‚ discussing in detail the steps involved. As Lawrence Gitman defines sole proprietorship
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Should force be used if necessary to prevent Iran from acquiring nuclear weapons? Already Shah Mohammed Reza Pahlavi had ambitious goals back then: he wanted to build twenty nuclear reactors. But four years after this announcement he made a mistake: he let his responsible official for nuclear energy declare that no nation has the right to determine another nation’s – in this case Iran’s - nuclear policy. He also said that Persia is going to have nuclear weapons‚ without a doubt and faster than one
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University of Phoenix Material Health Care Information Systems Terms Define the following terms. Your definitions must be in your own words; do not copy them from the textbook. After you have defined each term in your own words‚ describe in 40 to 60 words the health care setting in which each term would be applied. Utilize a minimum of two research sources to support your claims—one from the University Library and the other from the textbook. Be sure to cite your sources in the References
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Senior Vice President of the Global Diversity/Inclusion and Organizational Partnerships at PepsiCo‚ Incorporated (Executive Leadership Council‚ 2008). Mapping the Strategy For the most part‚ Frank Fountain attributed much of his success in acquiring corporate power and influence to referent power and expert power (Anonymous‚ n.d.). One can explain that referent power is prevalent with charismatic leaders. Keep in mind that charismatic leaders are ones that involve the emotions and can move
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Topic 2 " Our society is overly materialistic. We center our lives on acquiring material things at the expense of such traditional values as family and education." I agree with the issue that our society is becoming too materialistic. People are involved into a commercial world and forget their responsibilities to this society. The traditional value is taken place by materialistic culture. This is because that there is too much temptation to resist in this world‚ such as luxurious cars‚ vacations
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A. Describe the significant role the value chain played in the growth and development of the Zongshen Group: * Identify two elements from Porter’s Five Forces Model‚ determinants of buyer power and suppler power‚ to illustrate the problems the group entered with suppliers during the early years of China’s privatization policy. In early history of Zongshen group‚ the state-owned enterprises (SOEs) played a critical role as dominant suppliers in the motorcycle industries. The SOEs have this
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