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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Do you believe in ghosts? Ghosts‚ a hypothetical subject widely opened to the skepticism of us humans. In reference to Wikipedia‚ the definition of ghosts is “a ghost is the soul or spirit of a deceased person or animal that can appear‚ in visible form or other manifestation‚ to the living.” In my opinion‚ ghosts do exist. Of course they do. The existence of ghosts can be proved by unexplainable paranormal activities. Nevertheless‚ they have a strong connection with religions‚ explaining the
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not operating in four years. 60 percent of businesses fail in six years (Scarborough and Zimmerer 12). I know people do not set out to fail this statistics show that it does happen. What is business failure? John Watson and Jim E. Everett authors of "Do Small Businesses Have High Failure Rates"‚ say that experts tend not to agree what is the clear definition of business failure. Most of society believes that it is when a business files for a form of bankruptcy. However others believe that it can
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What do you find most striking about the poem Kubla Khan?’’Works of imagination should be written in very plain language; the more purely imaginative they are the more necessary it is to be plain.’’ - Samuel Taylor Coleridge. In this essay I am going to discuss one of the most famous and very striking poem Kubla Khan which was written by Coleridge. The poem is about the nature of creativity. Coleridge describes the dome of pleasure which he sees in his dream while he is opium- induced. While he
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Work and Opportunity Gets You Further Than Natural Talent “Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work.” ― Stephen King. Hard work and dedication is what will get you to the top. A person can have all the talents in the world but that can only get you so far. If you do not have the drive‚ determination‚ and dedication to succeed in whatever you do you will not succeed or conquer it as you would if you had put in the hard work
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Task: Describe the place you like the most Purpose: - language: informal - content: describe Audience: My classmates. OUTLINING Topic sentence: On the last summer‚ I have visited my friend in Singapore. I deeply impressed by her house Body: 1 – Geogarphy • North of Singapore • On the Elizabeth street • Next to the Tracy shop. 2 – Total area and first floor • 1500sq • a living room 3 – Second
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Introduction to Talent Management In today‘s challenging business environment of going global and competition becoming intense‚ organizations have mounting pressure to perform better than before. Over the years‚ creation and preservation of knowledge has become a key tool in accelerating competitiveness and enhancing organizational capabilities to respond to market changes wherein employees‘skills and personalities are appropriately deployed to optimize performance‚ is a critical and difficult
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Globalization The battles for talent‚ recession‚ inadequate succession planning‚ brain-drain are all the effects‚ of a shrinking global economy and globalization‚ which present both threats and opportunities to companies. With companies striving to obtain a competitive advantage in the global market place‚ the shortage of appropriate skill-sets by individuals to meet unique requirements‚ is becoming more problematic. Holbeche (2009:3) states: “Talent and the ability to engage that talent to produce high performance
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February 20‚ 2013 More Talent‚ More Value? Comparing the value of NHL and ECHL Season Tickets As an avid hockey fan I have the unique opportunity to be located within driving distance of two professional hockey teams‚ the Columbus Blue Jackets of the NHL and the Cincinnati Cyclones of the ECHL. As such‚ I have the chance to share my love of the sport with my family by attending these games in person. In the current economic climate I‚ like many other fans hoping to get the most out of every dollar
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nine-year-old life. I had lived in the same house for what it seemed like forever and had attended the same school since first grade. I knew everyone. From January to December‚ my calendars were filled with birthday parties I had to attend. Performing in talent shows with my best friends Dezerey‚ Jasmine‚ and Nykchasia were a yearly activity at Garden Valley Elementary School. The Robinson Center’s summer camp was mandatory for my big sister‚ Breonna‚ and me. I was used to familiarities like the Chihuahua
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