In this paper, we present a new theoretical framework for the quantification of strategic advantages associated with horizontal mergers through the integration of supply chain networks. The framework is a system-optimization one in which each firm is represented as a network of economic activities associated with manufacturing, distribution, and storage and with explicit capacities imposed on t...

This paper examines the influence of communication form on employee uncertainty during mergers and acquisitions (M&As). Specifically, the author uses narrative theory to analyze how narrative organizational communication affects the three components of uncertainty – decreased predictive, explanatory, and descriptive ability. It is hypothesized that employees whose organizations use narrative M&...

Using semi-analytical models of galaxy formation, the origin of boxy and disky elliptical galaxies is investigated. We find that the simple scenario, motivated by N-body simulations, in which the isophotal shape is only dependent on the mass ratio of the last major merger, is not able to reproduce the observation that the fraction of boxy and disky ellipticals depends on galaxy luminosity. The ...

The effects of mergers in low mass galaxies are poorly understood. In this paper we analyze different observational evidences which support the view that mergers can trigger starbursts in dwarf galaxies. We discuss the relationships between blue compact galaxies (BCGs), dIs, dEs and low surface brightness galaxies (LSBGs) and present some evidences which favour that strong starbursts are caused...

This paper develops a new way to estimate fix cost synergies from mergers without using cost data. The estimator uses a structural model in which companies play a dynamic game with endogenous mergers and product repositioning decisions. This formulation has several benefits over the standard static merger analysis. In particular, it corrects for a sample selection of more profitable mergers and...

BACKGROUND Hospitals are merging to become more cost-effective. Mergers are often complex and difficult processes with variable outcomes. The aim of this study was to analyze the effect of mergers on long-term sickness absence among hospital employees. METHODS Long-term sickness absence was analyzed among hospital employees (N = 107 209) in 57 hospitals involved in 23 mergers in Norway betwee...

We investigate the incidence of major mergers creating Mstar > 10M⊙ galaxies in the dense environments of present-day groups and clusters more massive than Mhalo = 2.5 × 10M⊙. We identify 38 pairs of massive galaxies with mutual tidal interaction signatures selected from > 5000 galaxies with Mstar ≥ 5×10M⊙ that reside in a halo mass-limited sample of 845 groups. We fit the images of each galaxy...

Do relatively large mergers create more value? Do larger bid amounts represent wealth transfers or do they signal larger expected merger gains? We hypothesize that the relationship between aggregate merger gains, deal size, and bid premiums is asymmetric across mergers made by valueenhancing versus value-reducing managers. We use a large sample of bank mergers to test these predictions and find...

As a researcher, I have studied the efforts to increase the integration of health and social services in Quebec, as well as the mergers in the Quebec healthcare system. These mergers have often been presented as a necessary transition to break down the silos that compartmentalize the services dispensed by various organisations. A review of the studies about mergers and integrated care projects ...

this study evaluated the effect of bank consolidation on economic growth of nigeria between the periods of 2006-2015. secondary data were sourced from the central bank of nigeria statistical bulletin and the ndic annual reports between the period of 2006 and 2015. data was analyzed using the ordinary least square (ols) multiple regression technique with the aid of the spss statistical software ...