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 we truly have free will? It is the ability to make a decision without hindrance. Human nature‚ neuroscience‚ everyday life are contributing factors in free will. Human nature deals decisions that focus on the awareness of the conscious mind. For instance‚ free will enables humans to control and carry out their own decisions. Contrary to Freud’s belief‚ free will is dependent upon personal “motives‚ convictions‚ and intentions.” To specify‚ external forces do not completely establish human behavior
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My plan to solve this issue is to utilize the Wisconsin State government to create a mental-illness friendly health care system‚ as opposed to institutionalizing those with psychological disorders. A. In 2004 California passed an act to change their health care system called the Mental Health Services Act. 1. According to the
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creatures and honey bees will do anything to protect their home‚ even if that means that they have to sacrifice themselves. However‚ an new pesticide has been made that protects plant and flowers against insects that may destroy them. The honey bees are around flowers all of the time and they are getting affected by this new pesticide and it is killing them. The honey bees have been losing their lives and land due to human development and pesticides. Although bees do not have the best reputation when
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“Why I Want to Be a Teacher” First of all‚ I love kids and it has always been my dream and passion to become an educator. For most people‚ the word teacher is defined as someone who is responsible for informing or teaching someone something. But not everyone would have the same meaning or image for a teacher. Teachers have a very important role of shaping the lives of young children and preparing them to become productive citizens in our community and with these types of responsibilities teachers
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``Why do we as human beings’ pass judgment on each other for doing what comes natural to us like eating? I believe that it’s because some of us are scared to take the time to understand what the other party is trying to say‚ and these are my reasons why. First‚ the Dictionary defines the word Speech: as the faculty or power of speaking; oral communication; ability to express one’s thoughts and emotions by speech sounds and gesture. The dictionary also defines the word Language: as a body of words
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ModMeters Case Question: Develop an IT Strategy process for ModMeters to accomplish the demands as set out above. I believe that ModMeters Company understands their IT value. Each department should realize how IT can minimize their workload and would help benefit the company as a whole. ModMeters should look at where is IT valued; mainly‚ it is valued through their employees‚ customer satisfaction‚ revenue‚ cash flow‚ and order process. Each department would be required to go through training
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COMPENSATION‚ AND THE BALANCED SCORECARD A growing number of firms are replacing their financially-based performance measurement and compensation systems with a "balanced scorecard" incorporating multiple financial and nonfinancial indicators. Proponents of the balanced scorecard concept contend that this approach provides a powerful means for translating a firm’s vision and strategy into a tool that effectively communicates strategic intent and motivates performance against established strategic goals
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We all want a happy life‚ and we all know that having a positive attitude feels better than a negative one. But for some reason‚ we are all attracted to and can be easily drawn to the negative side. How do we go about to establish a more positive attitude as a daily habit? 5 Steps to a Happy Life with Positive Attitude Step 1: Believe Happiness is a Choice For me‚ this was a hard one at first. I thought that people were either unhappy or happy (and I was one of the unhappy ones). I used to
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us a little because not a lot of us try new things and we what to stay in are confront zone. But we should try new things and go out of are confront zone. The Story This is the main storytelling component. Use descriptive‚ emotive words to take your audience on a journey. When I was nine I had the chance to go in the Geelong relay team‚ it looked fun but I thought I would be the slowest there and it would be to hard so I didn’t want to go my mum persuaded me to go
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