... HOẠT ĐỘNG “MUA LẠI, SÁP NHẬP DOANH NGHIỆP” (MERGERS ANDACQUISITIONS – M&A)1.1.Tổng quan về hoạt động mua lại, sáp nhập doanh nghiệp“Merger and Acquisition” là một cụm từ tiếng Anh được ... thức như: sáp nhập theo chiều ngang (horizontal mergers) , sáp nhậptheo chiều dọc (vertical mergers) hay sáp nhập kiểu tập đoàn (conglomerate mergers) Nếu dựa theo mục đích của thương vụ sáp ... đó được gọi là mua lại doanh nghiệp xuyên quốc gia (transnational acquisitions) hoặc mua lại doanh nghiệp chéo (cross-border acquisitions) . Các vụ giaodịch này được thúc đẩy bởi việc quan tâm...
... DataWalter, Ingo. Mergers andacquisitions in banking and finance : what works, whatfails, and why / by Ingo Walter.p. cm.ISBN 0-19-515900-41. Bank mergers. 2. Financial institutions Mergers. I. ... chapter. 32 MergersandAcquisitions in Banking and Financeconcerned with wealth preservation in the face of antagonistic govern-ment policies and fickle asset markets. Clients demanded the utmost ... selling their holdings and companies sellingadditional shares to existing shareholders (rights issues). MERGERSAND ACQUISITIONS IN BANKING AND FINANCEWhat Works, What Fails, and WhyIngo Walter12004...
... banking, insurance, and possiblyother types of financial and nonfinancial businesses.1. For a detailed discussion, see Saunders and Walter (1994). 96 MergersandAcquisitions in Banking and Financebook ... boundary(autonomy) aroundacquired firm. 64 MergersandAcquisitions in Banking and FinanceFigure 3-1D. Client, Product, and Arena-Specific Scale and Scope Economies, and RiskMitigation.in another geography. ... 100 MergersandAcquisitions in Banking and Finance and simply disappears. Others may require the acquiring firm itself toreorganize and, for example, to structure...
... Wasserstein. 152 MergersandAcquisitions in Banking and FinanceWHAT ARE THE KEY LESSONS?Information technologies represent a critical resource for the financialservices industry. Mergersand acquisitions, ... Spending,” Bank Technology News, December 6, 1998. 154 MergersandAcquisitions in Banking and Financement thought they were achieving by undertaking specific or sequential acquisitions, how they ... of Chase Manhattan, and Sandy Weill’s imaginative and opportunistic construction of Citigroupthough sequential acquisitions, each apparently well targeted and exe-cuted and creating an apparent...
... thatare the result of sequential mergersandacquisitions are awfully hard tounderstand and regulate, and it seems unlikely that management itselffully understands and controls the risks embedded ... banks and non-bank financial services3. See for example “A Ragbag of Reform,” The Economist, March, 1 2001. 226 MergersandAcquisitions in Banking and Finance and vigorously competitive and perhaps ... 241 Mergers, Acquisitions, and the Financial Architecture 215Figure 7-5. Regulator y Tradeoffs, Techniques, and Control.Figure 7-6. Regulator y Tradeoffs, Techniques, and Control.of assets and...
... nis and McConnell(1986) on mergers, and Hite and Owers (1983) and Schip- per and Smith (1983) on spin-offs. A study of the formation of captive finance subsidiaries by Kim, McConnell, and Greenwood ... evidence of such losses see Alexander, Benson, and Gunderson (1986) and Wansley and Fayez (1986). 15. 16. 17. 18. References Alexander, G. J., P. G. Benson, and E. W. Gunderson. 1986. ... commodity prices, and new tech- nology have been felt in industries ranging from transportation and communication to energy and manufacturing. Mergersand divestitures, new investment, and plant closings...
... effect of mergersandacquisitions on the efficiency and profitability of EC credit institutions, Journal of Banking and Finance 20, pp.1531-1558.Vander Vennet, R. (2002), Cross-border mergers ... Interstate bank mergersandacquisitionsand their impacton shareholder returns: evidence from the '90s", Quarterly Journal of Business and Economics 37, 4, pp. 48-56.Vander Vennet, ... mergers, Journal of Banking and Finance 18, 6, pp. 1155-1176.Houston, J. H., C. James and M. Ryngaert (2001), Where do merger gains come from?bank mergers from the perspective of insiders and...
... acquisition (cross-border mergersand acquisitions, M&A) and Greenfield investment (GF). Since the dilemma of a firm between GF and M&A is similar to the one between cooperation and defection ... upwards and downwards respectively, and when they shift positions, the equilibrium shifts from R=(GF, GF) and P=(M&A, M&A) in Figure 1 and 2 expand, otherwise, T=(GF, M&A) and S=(M&A, ... Science, Natural Sciences and Technology 25 (2009) 123-131 123 Modeling Foreign direct investment by a Prisoner’s dilemma: Greenfield investment (cooperation) or Mergersand Acquisitions (defection)...
... well a candidate organization fits with AzCA’s strategic goals in terms of service, geography and brand. These questions also assess organizational fit and financial impact. Once a candidate ... have the brand awareness; we didn’t have the contacts nor the contracts in those areas, and so the idea was to buy an existing entity that had good brand awareness, good funding sources and the ... programs?Strategic fit with AzCA brand5)Does it enhance AzCA’s marketability, our reputation, and our branding efforts?Organizational fit 6)Are the missions, visions and cultures of the agencies...
... Summary of Directness and Indirectness in American and Vietnamese e-newspapersIt is observed that criticism in the American newspapers is usually expressed clearly, orderly and a little more straightforward ... readers to understand; and misunderstanding may cause unpredictable serious consequences.2.4.3.2 SpecificationAnother typical feature of newspaper language is specification. Newspapers’ articles ... compare the use of directness and indirectness in criticism between American and Vietnamese online newspapers1 Hence, in American media in general and in American e-newspapers in particular, voice...
... Việt Nam (VCC)- Tên giao dịch quốc tế: Vietnam consultant joint stock corporation for industial and urban construction.- Trụ sở chính: Số 10 Hoa Lư – Quận Hai Bà Trưng – Hà Nội- Tel: 04.22205788...
... American and Vietnamese online newspapers use to express criticism? - How different are the degrees of directness and indirectness of criticizing between American and Vietnamese online newspapers?4.1.2 ... criticism in American and Vietnamese e-newspapers has been conducted. Following is the summary of major similarities and differences in criticism between American and Vietnamese e-newspapers: Critiques ... Summary of Directness and Indirectness in American and Vietnamese e-newspapersIt is observed that criticism in the American newspapers is usually expressed clearly, orderly and a little more straightforward...
... the use of directness and indirectness in criticism between American and Vietnamese online newspapers+ To study ways to express criticism in American and Vietnamese online newspapers1 Meanwhile, ... readers to understand; and misunderstanding may cause unpredictable serious consequences.2.4.3.2 SpecificationAnother typical feature of newspaper language is specification. Newspapers’ articles ... national newspapers, with the exception of USA Today and The Wall Street Journal; large metropolitan newspapers with expanded distribution networks such as The New York Times.Nowadays, newspapers...