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We find that the decision by a potential acquirer to complete or cancel an announced acquisitionproposal is sensitive to new information generated after the announcement of the acquisition.Both the acquirer and target’s cumulative abnormal returns (CAR) over different windows afterthe...
Persistent link: https://www.econbiz.de/10005870070
complex mix of tangible and intangible resources. This work studies the process of firm evolution by looking at the governance …
Persistent link: https://www.econbiz.de/10005870123
this analysis the root donor establishes a necessary criterion for potential recipients: good governance. The potential …
Persistent link: https://www.econbiz.de/10010266336
We argue that a purpose of foreign aid is to whet the appetite of the recipient in order to bring about a long term commitment to what the donor perceives as a need, but which the recipient may rank lower down on his list of undertakings, or may be sufficiently resource constrained as to be...
Persistent link: https://www.econbiz.de/10010266355
The application and design of public-private partnerships between the extremes of purely public or purely private task fulfilment in public services is, in practice, subject to political processes. Decisions about PPPs (realisation, arrangement) are taken in the political arena and are therefore...
Persistent link: https://www.econbiz.de/10010306845
This paper presents a model comparing the optimal degree of asset class diversification abroad by a central bank and a sovereign wealth fund. We show that if the central bank manages its foreign asset holdings in order to meet balance of payments needs, particularly in reducing the probability...
Persistent link: https://www.econbiz.de/10010333067
In this study we examine the effects of exogenous vs. endogenous governance rules on a virtual community handling an … exogenously. Our study indicates, that letting a team choose its own governance rules leads to increasing level of conflict …
Persistent link: https://www.econbiz.de/10010343069
Globalization - viewed as a process of economic integration that embraces governance as well as markets - could lead to …
Persistent link: https://www.econbiz.de/10010456981
Reserve if and when its policies are misguided or abusive. This paper traces the principal changes in governance of the … policy has been challenged. The aim is to identify relevant issues regarding governance and to establish a basis for change …, if needed. It describes the governance mechanism established by the Federal Reserve Act in 1913, traces the passing of …
Persistent link: https://www.econbiz.de/10010513070
, and/or the bureaucratic necessity of laying claim to having the bigger impact. The idea here is that good governance … argument for establishing good governance criteria is as much to put constraints on donor behavior as on the necessity of …
Persistent link: https://www.econbiz.de/10011452608