the corporate sector all over the world is restructuring its operations through different types  of  consolidation  strategies  like  mergers  and  acquisitions  in  order  to  face challenges  posed  by  the  new  pattern  of  globalization,  which  has  led  to  the  greater integration of national and international markets.. the intensity of cross-border operations recorded an unprecedented ...

By the end of 2022, Rijksmuseum’s Decorative Art Fund, established by private benefactors with aim forming a collection drawings for decorative arts, will celebrate its tenth anniversary. This be marked an exhibition, Process: Design Drawings from Rijksmuseum 1500-1900, to held at Museum in Den Bosch and afterwards Fondation Custodia Paris. The show is accompanied catalogue presenting about 250...

This paper examines the impact of acquisitions on the subsequent innovation performance of acquiring firms in the chemicals industry. We distinguish between technological acquisitions, acquisitions in which technology is a component of the acquired firm’s assets, and nontechnological acquisitions: acquisitions that do not involve a technological component. We develop a framework relating acquis...

We study the effect of a firm's acquisitions on the subsequent career of its chief executive officer (CEO) by examining a sample of executives who undertook large acquisitions between 1986 and 1988. We find that acquirers do not have significantly different compensation growth from executives who did not undertake acquisitions. Further, we find the effect of acquisitions on compensation does no...

While the traditional agency model assumes managerial risk aversion and underinvestment in high tech opportunities, the behavioural agency model allows for risk seeking by managers leading possibly to over-risky investment. Corporate governance mechanisms can correct both underand overrisky investment thereby ensuring value enhancing high tech acquisitions. Our study builds an empirical optimal...

The corporate sector all over the world is restructuring its operations through different types  of  consolidation  strategies  like  mergers  and  acquisitions  in  order  to  face challenges  posed  by  the  new  pattern  of  globalization,  which  has  led  to  the  greater integration of national and international markets.. The intensity of cross-border operations recorded an unprecedented ...

International acquisitions are attractive because they allow quick entry into foreign markets. However, they are also a strategy that is fraught with high risks. Given the size and growth of investments in international acquisitions, scholars have sought to identify ways to reduce the risks in international acquisitions. The objective of this study is to examine one variation of international a...

Research in the strategy and international business literatures shows that firms often undertake acquisitions to exchange firm-specific resources. The core arguments arise from theories of market failures, where market failures can stem from potential opportunism or from coordination difficulties. However, empirical research on cross-border acquisitions has not been able to reach a consensus re...