Die Beziehung zum Kunden r?ckt immer mehr in den Mittelpunkt unternehmerischer Entscheidungen. Dies spiegelt sich nicht nur in aktuellen Gesch?ftsberichten und Pressemitteilungen zahlreicher Unternehmen wider (vgl. z. B. AXA Konzern AG, 2007; Deutsche Telekom AG, 2007; Commerzbank AG, 2007; Siemens AG,...

Diese Dissertation befasst sich mit dem Thema Innovationsökonomik. In einer allgemeinen Einführung werden wettbewerbspolitische Gesichtspunkte, die Innovationsanreize von Firmen beeinflussen, dargestellt. In drei einzelnen Arbeiten werden dann spezielle Fragestellungen intensiver...

This thesis deals with three selected dimensions of strategic behavior, namely investment in R&D, mergers and acquisitions, and inventory decisions in dynamic oligopolies.The question the first essay addresses is how the market structure evolves due to innovative activities when firms' level of...

A two-stage procedure is employed to evaluate the determinants of merger and acquisition (M&A) activity in Australian credit unions over the period 1992/1993 to 1994/1995. In the first stage, data envelopment analysis (DEA) is used to calculate technical and scale efficiency indices for a sample...

Die vorliegende Untersuchung analysiert die Internationalisierung eines großen Industrieunternehmens im Sinn einer Fallstudie als wirtschaftshistorischen Prozess aus der Unternehmenssicht. Es handelt sich bei Kraft Foods um internationale Akquisitionen durch General Foods und später Philip...

Mergers and acquisitions have been demonstrated to create synergies, but not in all cases.Current research reveals that where synergies exist, these seem to accrue to the shareholdersof the selling companies. Given the limitations of our qualitative research design, we find that itis important...

This dissertation studied the determinants and consequences of corporate reputation. It explored how firm-, industry-, and country-level factors influence the general public’s assessment of a firm’s reputation and how this reputation assessment impacted the firm’s strategic actions and...

I examine the market reaction to merger announcements and the long-term post-merger stock price performance of newly merged firms. For a sample of 484 acquiring firms completing mergers between 1993 and 2000, the average value-weighted abnormal announcement date return (market-adjusted) is a...

Recent studies [Bebchuk and Fried (2002)] have shown that managerial power and negotiations play important roles in the design of executive pay arrangements, suggesting that some CEOs may extract greater economic rent from shareholders when provided with the opportunity. This paper seeks to...

Mergers and Acquisitions research often focuses on the prices paid, as a multiple of earnings or cash flow, by strategic acquirers for their targets. These multiples are salient to this body of research, as they form the basis of company valuation on a theoretical and practical level. A variety...