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Book part
Publication date: 24 August 2023

Olimpia Meglio, David R. King and Elio Shijaku

Acquisitions are complex and ambiguous events fraught with information asymmetries emphasizing market failure before an acquisition or organizational failure during integration…

Abstract

Acquisitions are complex and ambiguous events fraught with information asymmetries emphasizing market failure before an acquisition or organizational failure during integration. While often treated in isolation, market and organization failure are intertwined in acquisitions as integration planning starts before a deal is closed. Effective integration begins with a deep understanding of the target to be able to share assets and knowledge. However, acquiring firms currently have limited solutions to address information asymmetries. Most remedies primarily aim at market failure using due diligence and external advisors, leaving information asymmetry due to organizational failure primarily unattended. The authors develop a typology that leverages informal and formal social ties to address information asymmetries across the acquisition process that jointly considers market and organizational failure. The typology of this study combines existing research to develop how social ties with stakeholders influence acquisitions and can increase their success.

Details

Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-1-83753-861-4

Keywords

Book part
Publication date: 6 April 2023

Veroni Eichelsheim, Anne Coomans, Anniek Schlette, Sjoukje van Deuren, Carlijn van Baak, Arjan Blokland, Steve van de Weijer and David Kühling

Purpose: This chapter provides an overview of the results so far within the Stay Home, Stay Safe research project in the Netherlands. The project started in the early days of the…

Abstract

Purpose: This chapter provides an overview of the results so far within the Stay Home, Stay Safe research project in the Netherlands. The project started in the early days of the COVID-19 pandemic and is aimed at examining short- and long-term consequences of restrictions taken to control the spread of the COVID-19 virus on domestic violence (DV). Restrictions may have resulted in social isolation and familial stress, which in turn may have led to an increase in DV. The main research question is whether, and if so which types of, DV increased during periods of COVID-19 restrictions.

Methodology/approach: This project used national data on DV before (2019) and during the different phases of the COVID-19 pandemic (2020–2022), from different sources (i.e., official registered reports, advices as well as file data of DV agencies). Trends in the prevalence, nature, and the role of reporters of DV before the pandemic are compared to trends during the pandemic.

Findings: Trends of DV registrations show no differences in the prevalence before and during different phases of the pandemic. The number of advice requests at the reporting agencies seem to have increased. However, this finding cannot be unambiguously subscribed to pandemic-specific circumstances, because this upward trend already consistently started in 2019. A shift was observed from professional reporters toward relatively more non-professional reporters, mostly neighbors.

Originality/Value: In contrast to previously published research, the current project uses data from multiple sources and examines information not only on trends in prevalence of DV records, but also on the type of reporter, and the nature of the violence.

Details

Crime and Social Control in Pandemic Times
Type: Book
ISBN: 978-1-80382-279-2

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Article
Publication date: 18 July 2023

Asad Khan, Zia ur Rehman, Muhammad Ibrahim Khan and Imtiaz Badshah

This study aims to verify the significance of Andersen (2008) corporate risk management (CRM) framework in Asian emerging markets (AEMs) to control firm risk and improve firm…

Abstract

Purpose

This study aims to verify the significance of Andersen (2008) corporate risk management (CRM) framework in Asian emerging markets (AEMs) to control firm risk and improve firm performance.

Design/methodology/approach

The cross-sectional analyses are performed on a sample of 4,609 firms across nine Asian emerging countries using 2SLS estimation technique.

Findings

The empirical findings show that the adoption of CRM not only enhances firm performance by increasing the firm ability to capitalize on the market opportunity but also plays a significant role in reducing firm risk. The findings of this study assert that by institutionalizing risk management practices into an integrated CRM framework, the firm can reap multiple benefits by maintaining better contractual agreements and strategic partnerships with key stakeholders.

Originality/value

The study shifts the focus of CRM away from Western countries toward AEMs, which has been afflicted by high risks and uncertainties. The effectiveness of CRM against firm risk is established by dividing firm risk into firm-specific risk and systematic risk. Furthermore, this study also establishes that CRM not only leads to high returns but also reduces firm operational and production costs. Overall, the study provides a compelling argument to implement CRM for improving organizational performance and managing risks in a strategic and integrated manner. The findings are also relevant to risk management practitioners, as well as to academicians interested in the broader fields of corporate finance and strategy.

Details

Management Research Review, vol. 47 no. 3
Type: Research Article
ISSN: 2040-8269

Keywords

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