wyszukanych pozycji: 40
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Value Creation Within the Construction Industry: A Study of Strategic Takeovers
ISBN: 9783631602515 / Angielski / Twarda / 2011 / 114 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A transactions is more than limited. Characterized by highly fragmented markets, cross-company production structures and increasing international business scope, the construction industry represents an attractive field of research to address questions on M&A motives. Based on comprehensively selected datasets and state-of-the-art empirical methods, the study illustrates the motives, the strategy and the effects of M&A transaction within the...
Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A tra...
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cena:
221,15 |
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Erklaerungsansaetze Fuer Nav-Spreads Und Deren Implikationen Fuer Das Management Von Reits: Auf Basis Einer Empirischen Untersuchung Des Pan-Eu-Reit-M
ISBN: 9783631670156 / Niemiecki / Miękka / 2015 / 305 str. Termin realizacji zamówienia: ok. 30 dni roboczych. Dieses Buch beschaftigt sich mit dem Problem des Auseinanderfallens von Aktienpreis und Net Asset Value (NAV) bei Real Estate Investment Trusts (REITs). Zur Ursachenanalyse differenziert der Autor dieses als -NAV-Spread- bekannte Phanomen erstmalig in drei Hauptkomponenten. Diese verdichtet er zu einem innovativen, ganzheitlichen Erklarungsmodell, mit dem er 70 Prozent des NAV-Spreads erklaren kann. Als Grundlage dient der bislang umfassendste EU-REIT-Datensatz (rd. 65 Prozent des Gesamtmarktes). Die gewonnenen Erkenntnisse betrachtet der Autor aus Perspektive des Unternehmens und stellt die...
Dieses Buch beschaftigt sich mit dem Problem des Auseinanderfallens von Aktienpreis und Net Asset Value (NAV) bei Real Estate Investment Trusts (REITs...
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cena:
446,76 |
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Minority Shareholder Monitoring and German Corporate Governance: Empirical Evidence and Value Effects
ISBN: 9783631640869 / Angielski / Twarda / 2013 / 106 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. This book comprises three studies on minority shareholder monitoring in Germany. Mandatory disclosure requirements have increased transparency. An analysis of the information that is publicly available is presented, regardless of the size of the target corporation. The second essay in the form of an event study pays special attention to the German supervisory board and its appointment for a fixed term. Capital markets perceive an activist effort as being more credible under certain circumstances. The study as a whole is empirical evidence for increased minority shareholder activity in...
This book comprises three studies on minority shareholder monitoring in Germany. Mandatory disclosure requirements have increased transparency. An ana...
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cena:
192,75 |
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Auswirkungen gesetzlicher Neuerungen und politischer Unsicherheit auf die Energiewirtschaft; Eine Untersuchung aus Kapitalmarktsicht
ISBN: 9783631767559 / Niemiecki / Twarda / 2018 / 340 str. Termin realizacji zamówienia: ok. 30 dni roboczych. Diese Arbeit ermittelt anhand von Kapitalmarktdaten, insb. unter Einsatz der Ereignisstudie, die Auswirkungen politischer Großereignisse (u.a. der britischen Brexit-Entscheidung, der US-Präsidentschaftswahl in 2016 oder des US-amerikanische Ausstiegs aus dem Pariser Klimaschutzabkommen) auf Unternehmen in versch. Bereichen der Energiewirtschaft.
Diese Arbeit ermittelt anhand von Kapitalmarktdaten, insb. unter Einsatz der Ereignisstudie, die Auswirkungen politischer Großereignisse (u.a. der br...
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cena:
439,38 |
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M&A Activity, Divestitures and Initial Public Offerings in the Fashion Industry
ISBN: 9783631621103 / Angielski / Twarda / 2012 / 108 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. This thesis analyzes four individual corporate finance-related research objectives on the fashion and leather accessories industry. The first two studies investigate the share price reactions of strategic bidder M&A transactions and their key drivers. The third study analyzes the implications of a missed disposal opportunity in the luxury fashion segment. Finally, the fourth study illustrates the long-term performance and changes in systematic risk exposure of initial public offerings in the fashion industry. The thesis contains a variety of empirical findings that are novel to the existing...
This thesis analyzes four individual corporate finance-related research objectives on the fashion and leather accessories industry. The first two stud...
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cena:
206,96 |
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Pharma M&A Versus Alliances and Its Underlying Value Drivers: Are M&A or Alliances the Right Therapy for an Ailing Pharmaceutical Industry?- A Capital
ISBN: 9783631663813 / Angielski / Twarda / 2015 / 201 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. From a capital market perspective, the author analyzes Merger and Acquisitions transactions (M&A) and in-licensings in the pharmaceutical industry between 1998 and 2012. Utilizing the event study methodology, the volume shows that M&A experiences significant, negative cumulative average abnormal returns whereas in-licensings are able to create value. But what are the underlying value drivers which make a deal a success or a failure story? The author derives significant innovative determinants of success for both strategies.
From a capital market perspective, the author analyzes Merger and Acquisitions transactions (M&A) and in-licensings in the pharmaceutical industry bet...
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cena:
343,65 |
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Mergers and Acquisitions in the Global Brewing Industry: A Capital Market Perspective
ISBN: 9783631625217 / Angielski / Twarda / 2012 / 126 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. This publication analyzes three individual corporate finance-related research topics on mergers and acquisitions in the global brewing industry. The first two studies investigate the short and long-term share price reactions of acquirer and rival companies. The third study assesses the immediate impact of mergers and acquisitions on systematic risk. Overall, the study contains a variety of empirical findings that are novel to existing corporate finance research. It provides a comprehensive analysis of the capital market implications of mergers and acquisitions in the sector and determinant...
This publication analyzes three individual corporate finance-related research topics on mergers and acquisitions in the global brewing industry. The f...
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cena:
235,61 |
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Underpricing, Long-Run Performance, and Valuation of Initial Public Offerings
ISBN: 9783631604052 / Angielski / Twarda / 2011 / 136 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public offerings of European Property Companies. The first question examines whether IPO signals such as underpricing reveal proprietary information about the prospects of an issuing firm s underlying industry such as the performance of direct real estate investments. The results in fact show a positive relation between underpricing and average property yields of the issuing companies target investment area twelve months after the IPO. The second...
This thesis empirically analyses three individual research questions around initial day returns, long-run performance and valuation of initial public ...
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cena:
278,47 |
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Addressing Barriers to Low-Carbon Innovation: Essays on Structures and Policies to Mobilise Private Finance
ISBN: 9783631669815 / Angielski / Miękka / 2015 / 192 str. Termin realizacji zamówienia: ok. 30 dni roboczych. The author analyses how finance flows can be guided towards low-carbon value generation and growth. He investigates the arrangements between actors in the innovation system and policy measures such as technology push, demand-pull and regulation with regard to their influence on private investments. The case studies include innovation intermediaries, energy service contracting for LED lighting and renewable energy project finance. The results show that barriers to low-carbon innovation inhibit the financing for companies, projects and infrastructure. Also, transparent structures which focus on...
The author analyses how finance flows can be guided towards low-carbon value generation and growth. He investigates the arrangements between actors in...
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cena:
297,19 |
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Value Creation of Corporate Restructuring: A Market Cycle and Industry View
ISBN: 9783631630938 / Angielski / Twarda / 2015 / 195 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. The study offers a contribution to the debate about shareholder wealth creation following corporate restructuring transactions. Including market cycle and industry factors, it provides an analysis of merger and acquisition (M&A) and corporate divestiture success between 1989 and 2008 in Europe. The first part of the study focuses on effects of market valuation levels and market cycles on the value creation potential of corporate restructuring. The second part discusses mergers and acquisitions and divestment success from an industry perspective. The results provide surprising insights into...
The study offers a contribution to the debate about shareholder wealth creation following corporate restructuring transactions. Including market cycle...
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cena:
315,50 |
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The Influence of German Top Executives on Corporate Policy and Firm Performance
ISBN: 9783631622872 / Angielski / Twarda / 2012 / 136 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. The question of whether strategic leaders really matter is important to a wide array of topics. Three essays contribute to empirical top executive research on the relative importance of German CEOs and CFOs. The analyses are based on a unique dataset that includes observations from more than 300 CEOs and 100 CFOs working for 110 publicly listed German firms that operated in 10 different industries between 1983 and 2002. The first essay describes and analyzes characteristics of top executives. The second essay examines the existence and size of top executive-specific effects as well as...
The question of whether strategic leaders really matter is important to a wide array of topics. Three essays contribute to empirical top executive res...
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cena:
221,15 |
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Finanzwirtschaftliche Erfolgsanalyse Deutscher Stadtwerke
ISBN: 9783631699270 / Niemiecki / Twarda / 2016 / 292 str. Termin realizacji zamówienia: ok. 30 dni roboczych. Dieses Buch analysiert die wirtschaftliche Entwicklung der deutschen Stadtwerke seit Beginn der Liberalisierung und identifiziert zentrale Erfolgsfaktoren dieser Unternehmen. Es zeigt die historische Entwicklung und heutige Rolle der Stadtwerke auf, gewahrt Einblicke in ihr umfangreiches Leistungsspektrum und erortert, was Erfolg fur Stadtwerke bedeutet. Eine umfangreiche Kennzahlenanalyse zeigt, dass sich die Finanz- und Ertragslage der Stadtwerke noch auf einem soliden Niveau bewegt. Die Branche befindet sich jedoch auf Krisenkurs. Mittels multivariater Regressionsanalysen untersucht der... Dieses Buch analysiert die wirtschaftliche Entwicklung der deutschen Stadtwerke seit Beginn der Liberalisierung und identifiziert zentrale Erfolgsf... |
cena:
463,42 |
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Financing Corporate Growth in the Renewable Energy Industry
ISBN: 9783631644201 / Angielski / Twarda / 2013 / 127 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. Financing constraints have been central to the political and economic debate about renewable energy development. This book addresses four related corporate finance questions. The first chapter reviews theoretical considerations and empirical evidence on so-called funding gaps. Chapters two and three analyze the genuine structures of equity and convertible debt offerings in the industry. The final part investigates to what extent business combinations are perceived as a valuable means to company growth. The analysis contains a variety of empirical findings that are novel to existing emerging...
Financing constraints have been central to the political and economic debate about renewable energy development. This book addresses four related corp...
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cena:
221,15 |
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Determinants of Credit Spreads: An Empirical Analysis for the European Corporate Bond Market
ISBN: 9783631606049 / Angielski / Twarda / 2011 / 138 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. Credit spreads express how markets evaluate the riskiness of corporate bonds compared to risk-free investments. Since credit spreads have been highly volatile especially during the last decade it is important for academics and practitioners alike to understand the dynamic interdependencies between credit spreads and their determinants. Based on a sample of European corporate bonds and different macroeconomic variables the author analyzes the determinants of credit spreads during the period of 1999 to 2009. With a macro-finance term structure model he shows that the European corporate bond...
Credit spreads express how markets evaluate the riskiness of corporate bonds compared to risk-free investments. Since credit spreads have been highly ...
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cena:
235,61 |
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E-Mobility and Related Clean Technologies from an Empirical Corporate Finance Perspective: State of Economic Research, Sourcing Risks, and Capital Mar
ISBN: 9783631661390 / Angielski / Miękka / 2015 / 112 str. Termin realizacji zamówienia: ok. 30 dni roboczych. The book deals with the use of clean technologies and in particular of electronic mobility from the perspective of the empirical capital market. The author sheds light on the developments of economic research in the past 20 years, identifies research gaps and analyses them in detail if data is sufficient. Based on the example of rare earths, he presents the impact of future raw material shortages when using mobile electronic technologies and proposes possible solutions for all market players from a financial research perspective. In addition, the book presents a first assessment of the...
The book deals with the use of clean technologies and in particular of electronic mobility from the perspective of the empirical capital market. The a...
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cena:
223,20 |
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Bankerfolg Und Akquisitionen: Aktuelle Erkenntnisse Zur Konsolidierung Und Restrukturierung Der Finanzindustrie
ISBN: 9783631607794 / Niemiecki / Twarda / 2011 / 268 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. Fusionen in der Finanzindustrie befinden sich wieder im Aufwartstrend. Neben einem attraktiven makrookonomischen Umfeld werden insbesondere die strengeren aufsichtsrechtlichen Bestimmungen und Eigenmittelanforderungen die Konsolidierungsaktivitaten verstarken. Dabei gerat ein Stuck weit in Vergessenheit, dass einige Banken durch die Finanz- und Wirtschaftskrise auch deshalb sehr hart getroffen wurden, weil sie im Vorfeld sehr grosse und teure Zukaufe getatigt hatten, die zunachst sehr belastend fur die Organisation waren. Vor diesem Hintergrund kommt der Fragestellung nach dem Erfolg und den...
Fusionen in der Finanzindustrie befinden sich wieder im Aufwartstrend. Neben einem attraktiven makrookonomischen Umfeld werden insbesondere die streng...
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cena:
392,61 |
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Return Patterns of German Open-End Real Estate Funds: An Empirical Explanation of Smooth Fund Returns
ISBN: 9783631604069 / Angielski / Twarda / 2010 / 111 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. Results show three different pieces of evidence on return smoothing, namely the influence on valuation, the timing of valuations, and the influence on returns resulting in return differences by calendar months. Together with the notion of internationally...
The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. ...
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cena:
249,82 |
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Mergers and Acquisitions in the Energy Sector: The Impact of Synergy Disclosures on Shareholder Wealth and Operating Performance
ISBN: 9783631645215 / Angielski / Twarda / 2013 / 109 str. Termin realizacji zamówienia: ok. 30 dni roboczych. The study analyzes the impact of voluntary synergy disclosures at the M&A announcement on M&A transactions in the European as well as in the US energy sector. Thereby, not only is the capital market perspective considered on both a long- and short-term horizon, but the operational point of view is also taken into account. The author shows, while utilizing the event study methodology, that capital markets attribute increased returns to those M&A transactions which expect synergy gains for both the US and European market. As the post-merger accounting study confirms the realization of these...
The study analyzes the impact of voluntary synergy disclosures at the M&A announcement on M&A transactions in the European as well as in the US energy...
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cena:
227,40 |
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Bank Governance Structures and Risk Taking
ISBN: 9783631667132 / Angielski / Miękka / 2015 / 216 str. Termin realizacji zamówienia: ok. 30 dni roboczych. The book sheds light on two closely related and highly relevant governance themes: the composition of supervisory boards and financial expertise as well as ownership structure. The author focuses on the financial expertise of supervisory boards and its impact on performance and risk. He analyses how supervisory boards are composed and how much financial expertise their members have, assesses the impact of financial expertise on a banks risk-return profiles and investigates if financial expertise in internal bank governance contributes to more stability and less risk taking in banking....
The book sheds light on two closely related and highly relevant governance themes: the composition of supervisory boards and financial expertise as we...
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cena:
322,81 |
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Directors' Dealings and Insider Trading in Germany: An Empirical Analysis
ISBN: 9783631603918 / Angielski / Twarda / 2010 / 175 str. Termin realizacji zamówienia: ok. 10-14 dni roboczych. Directors Dealings and Insider Trading are well-known patrons to both, the academic literature and the financial press. While directors dealings have been regulated in the US and many other countries, the German legislator tightened only a few years ago trading rules for insiders and imposed in July 2002 a notification requirement for directors dealings. The author addresses directors dealings and insider trading in Germany from different perspectives. He starts out with a short-term analysis tying in with previous research on the German market and follows with an in-depth long-term analysis....
Directors Dealings and Insider Trading are well-known patrons to both, the academic literature and the financial press. While directors dealings have ...
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cena:
392,61 |