2.1.3 Theoretical motives behind M & A 2.1.2.1 Behavioural Finance theory A behavioural perspective states that industry shocks may trigger merger waves. According to Roll (1986)‚ managers are highly confident with bull markets since they are already performing well. This results to an increase in overestimation of the expected effect of synergies from the M&A transactions which end up getting punished by realities. Shareholders and investors are usually overconfident and assume greater synergy gains
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Cause & Effect European Exploration Essay Throughout history‚ people have been curious about finding new land and exploring. Many different factors stirred interest in colonization and exploration for Europeans. During the 15th and 17th centuries Europe was changing rapidly and had its own reasons for growth. All of Europe had the excitement and hesitation of finding new places. There were many reasons for Europe to grow and expand‚ some of the causes for Europe’s expansion were; a search
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In this essay‚ I will analyze the motives of the following characters from 2 Kings 5: Naaman‚ Elisha‚ and Behazi. They all have a role in the healing of Naaman’s leprosy or the outcome of it. Each man had a reason for doing what they did in this story and I will show a few possibilities of them according to the evidence in the text. Naaman was a captain of the king of Syria and he was sent by the king to Israel to be healed from his leprosy: “And he brought the letter to the king of Israel‚ saying
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The Civil War‚ fought from 1861 to 1865‚ is often remembered as a noble fight to end slavery. While it s true that slavery was a central issue‚ the history of the Civil War is more complex than it may seem. Both North and South had their own motives and actions that were not always honorable. By examining the aspects of the Civil War‚ particularly focusing on the North‚ we can gain a more nuanced understanding of this pivotal period in American history. Firstly‚ it’s essential to recognize that
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centuries motives for exploration were often said: the quest for gold‚ God‚ and glory. Spain wanted to spread the Catholic Church‚ and Europe was interested in the spread of Christianity. Exploration was fueled by European imagination. “America” was an idea‚ an idea that meant a new life. “The idea had two parts: one paradisiacal and utopian; the
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INTRO In May 1607‚ three ships sailed up from Chesapeake Bay in search for the first permanent English colony in North America. Although Jamestown colony was doomed from the beginning‚ it was not so much an outpost as an establishment of what was to become the United States. Forty-five years later‚ another three ships representing the Dutch Republic and its company‚ the East India Company‚ anchored in the Cape of Good Hope. Their purpose was to establish a refreshment station where ships could
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Jose Andino Art 11 10/18/11 Compare and Contrast Sainte-Foy and the Chartres Both the Chartres cathedral and the Saint-Foy have many things in common and also many things that differentiate them from one another. Firstly they are both Christian churches‚ so they were made to worship Jesus Christ as the lord and savior. They are both located in northern Europe ; the Chartres in Chartres‚ France as it is named after the town‚ and then the Saint-Foy in Conques‚ France. Both of them were
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European Imperialism on Japan Ever since the Industrial Revolution‚ the Europeans were restless in between the intensified economic activity and competition; many industrialists at this time believed that the only way their nations could ensure their economic necessities was the acquisition of overseas territories‚ and this belief later expanded into Imperialism. The second motive for Imperialism/Colonialism would be that once Europeans obtained the knowledge of ’outer beyond’ and
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expansion and exploration of many Europeans made a huge impact on both Europe and the Americas in the age of naval advancement and the surge of conquests from across the sea. (pg. 359-360) Many western cultures in Europe had the desire and fantasy of the exotic external world they had yet to understand and know. (pg. 361) This desire‚ along with material‚ religious‚ and competitive motives‚ is what drew naval advancement and the will to expand and travel among various European countries. (pg. 360-361) This
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methods of colonization. The British had colonization all over the world and the most abundant were Americas. I believe that the British methods of colonization have the similarities with the Spanish in the western hemisphere. Both Spain and Great Britain’s goal of colonization was conquest‚ settlement‚ and rule over the hemisphere. Spanish were motivated by Catholic Church and expectations of treasures (gold)‚ glory‚ and the return to Spain wealthy. Spanish exploration and colonization starts
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