When do vertical mergers create value? This paper studies the market reaction to vertical mergers and explores the many rationales for vertical integration proposed in the industrial organization literature. Abnormal returns for vertical merger announcements are positive until the late 1990s‚ and turn negative afterward. Acquirers suffer most of the losses. We find support for the most fundamental insight in the industrial organization literature‚ namely‚ that vertical mergers generate the greatest
Premium Vertical integration Strategic management Mergers and acquisitions
"What can we do about children’s poverty and inequality‚ and what can be done better?" The aim of this essay is to eloquently discuss what we can do about children’s poverty and inequality and ways in which we can improve some factors. The essay will closely analyze few of the factors to give us a better understanding of ways to improve these factors. Some of these factors are as followed; Impact of social grants‚ Early childhood development(ECD)‚ National Health Insurance and the re-engineering
Premium Health care Childhood Health economics
The Witch of Colchis As she was ferried ’cross the River Styx‚ what thoughts too harrowing to contemplate came coursing madly through her consciousness? Her children whom she killed with her own hands as vengeance for their father’s faithlessness‚ ensuring they would not be reared as slaves? The hapless rival she engulfed in flames— a marriage of political convenience kindling blind rapacious jealousy? Her husband’s cousins she enticed to cast a heinous spell of mutilation‚ thinking they’d
Free Poetry
What can we do to Stop Global Warming? Climate change may be a big problem‚ but there are many little things we can do to make a difference. If we try‚ most of us can do our part to reduce the amount of greenhouse gases that we put into the atmosphere. Many greenhouse gases come from things we do every day. As we have learned‚ these greenhouse gases trap energy in the atmosphere and make the Earth warmer. Some of these gasses occur naturally while others are caused by humans. The most common of
Premium Carbon dioxide Global warming Recycling
PSE: What is homophobic bullying and what can we do to stop it? Homophobic bullying affects people on a very large scale and it causes depression‚ especially amongst young people (teenagers). Statistics of the National Comorbidity Survey Adolescent Supplement shows that approximately 11% of adolescents have a depressive disorder by the age of 18. In contrast the average figures suggest that out of the 7 million 11-19 year olds is the Uk‚ 770000 of them suffer from depression. according the the
Premium Bullying Sexual orientation Gay
Ethical relativism is the theory that morality is relative to the norms of one’s culture. That is‚ the moral norms of the society practiced depend on whether an action is right or wrong. But‚ the problem with moving from cultural perspective to cultural relativism is rather than saying‚ “we need to understand the morals of other cultures‚” it says‚ “we cannot judge the morals of other cultures‚” regardless of the reasons for their actions. The same action may be right in one society but be wrong
Premium Morality Cultural relativism Culture
What Can We Do to Save Water Supplies? Undoubtedly people cannot imagine our life without water. We rely on it in every aspect of our lives. However there is a tendency nowadays to pollute and destroy everything we need‚ without paying special attention to it. Regrettably today a human being can hardly find any water body which is not affected by pollution. Is not it the time we started doing something to stop water pollution? First of all‚ we should stop dumping loads of sewage and other urban
Free Pollution Water Water pollution
What can I do to promote diversity and equality. • DID YOU KNOW THAT OUR LITERATURE IS AVAILABLE IN ALL OF Treat people as individuals respecting their beliefs and views even when they are different from your own. Seek to treat your work colleagues and service users with dignity and respect at all times. Take into account your colleagues’ and service users’ religious‚ cultural and social needs. Seniors and Managers should ask new staff during their service induction if they have any cultural
Premium Discrimination
There are three different models that can interact to create or solve any problem in any organization ‚ the models are Perspectives ‚ Worldviews and Mental models . Perspectives are the point of views ‚ (Gray ‚1996) “means that they consider the inner form of all cosmic beings ‚ the gods‚ the dead‚ plants‚ meteorological phenomena and geographical accidents‚ among others” ‚ when adopting different perspectives people can apply systems thinking successfully to broaden their awareness ‚ Perspectives
Premium Scientific method Psychology Sociology
proliferation of definitions and explanations of culture‚ its anthropological origins and lack of clarity undermines its value to our understanding of organizational behavior. It is too ambiguous a concept for the effective day-to-day management of the organization.’ Do you agree? What role do you think culture plays in the management of your own organization? I partly agree with the statement the proliferation of definitions and explanations of culture and lack of clarity undermines its value to
Premium Maslow's hierarchy of needs Motivation Abraham Maslow