Purpose – This study aims to build on the organizational learning theory and propose a complex strategy by combining strategic alliance with subsequent acquisitions to penetrate new product markets. The authors empirically examined whether and to what extent preacquisition alliance experience...

This study evaluates how state regulation of noncompetition agreements affects merger and acquisition activity. Noncompetition agreements put restrictions on postemployment activities, thereby reducing management mobility and forcing top managers to bear the long-term consequences of their...

This paper examines the impact of ownership structure and other relevant factors on the variability of bank performance in the Middle East and North Africa (MENA) region. It highlights a sector of the MENA economy rarely investigated in such details in the past despite its tremendous importance...

We examine the relevance and effectiveness of stock return correlations among financial institutions as an indicator of systemic risk. By analyzing the trends and fluctuations of daily stock return correlations and default correlations among the 22 largest bank holding companies and investment...

Using the anti-corruption campaign launched in China in 2012, we examine how the rise of the economic presence of the private sector impacts economic activities and outcome. Although the economic activities may be temporarily inversely impacted by the campaign because some government officials...

The improvement of electrochemical properties of MnO 2 has been an attractive topic for a long time. Here, MnO 2 /polyacrylonitrile carbon (MnO 2 /PANC) nanostructures with well-modified morphology and crystal phase are required by chemical direct synthesis for high-energy asymmetric...

This paper establishes baseline valuations for housing assets using rent cash flows in 22 regions of the U.S. in a Lucas (1978) framework. The model matches the unconditional averages of the price–rent ratios from 1978 to 2012 quite well; however, the model valuations after 2002 are well below...