Employing individual financial contributions data for the period from 1993 to 2006, we find that firms investment decisions vary with ceos political ideology. The text takes an issuefocused approach to the teaching of social sciences that incorporates multiple perspectives, current affairs, and controversial topics. Point of view postmerger integration more than ever, corporations face the challenge of delivering maximum value and embedding change throughout the entire organization. New evidence and perspectives on mergers gregor andrade, mark mitchell, and erik stafford. Here is a brief summary of the major findings from our state of american political ideology, 2009 survey, beginning with the composite ideology measures crafted by the progressive studies program, followed by a look at our findings related to the american dream, basic american values, ideological perceptions of president obama, ideological. Using statistical analysis in an effort to minimize risks and discard outdated notions can help an organization stack their odds in favor of a more successful post merger integration. Merger of smithkline beecham and glaxo wellcome, the two largest uk pharmaceutical companies is a good example in parallel with above definition, where smithkline beecham and. We find significant differences between listed and unlisted firms as predicted by behavioral theories of merger waves. Product integration and merger success tuck school of. Media and ideology m ost media scholars believe that media texts articulate coherent, if shifting, ways of seeing the world.
The ideology of madness in the media iii abstract this study is a textual analysis comparing the coverage on mental illness in international newspapers from china, india, russia and the united states. Journal of economic perspectives volume 15, number 2spring 2001pages 103120. Find 9780195427769 perspectives on ideology by fielding et al at over 30 bookstores. Merger integration programs pose demands on the hr team collectively and on hr executives individually that are typically tough and sometimes unreasonable. A merger is a contractual and legal statutory transaction where the survival company acquires all assets and liabilities of the target company. Anyone who has researched merger success rates knows that roughly 70 percent of mergers fail. The determinants of mergers and acquisitions in the oil. Ideology versus market forces in decisions to make news gregory l. Further, republican ceos tend to avoid high information asymmetry acquisitions that involve the use of earnout clauses. Opinions and ideologies in the press 23 theories are able to explain in detall how social ideologies monitor the everyday practices of social actora like journalists, and converselyy how ideologies are formed and changed through the everyday interaction and discourse of members in societal contexts of.
Mergers have been a topic of considerable interest in the united states for at least a century. How, for example, do media products depict the appropriate roles of men and women, parents and children, or bosses and. Vicarious liability raises an additional challenging twist with respect to the doctrine of merger since the parties are different but the underlying cause of action is the same. A wide range of assessment information is used in the development of a.
Support for a bipartisan anticommunist foreign policy have been part of the u. Table of contents draft program overview draft part 1 opener draft introduction draft chapter 1 draft chapter 2 draft chapter 3 draft chapter 4 draft. Perhaps because it tends to remain unnoticed and taken for granted, abercrombie, hill, and turner 1980, carragee 1991 and gitlin 1980, all stress the contradictory character of hegemonic ideology. Social studies 301 academic perspectives on ideology 2015. Abstract political ideology has been a confusing topic for social analysts, and those who attempted to eschew judgmental reductions of others conceptions and develop a nonpolemical. However, we find no evidence that ceo political ideology creates value in the shortrun.
Ceo political ideology and mergers and acquisitions decisions. Reflecting on ideology, action, and citizenship reflecting on ideology, action, and citizenship 14chapter key terms antiwar movements civility prodemocracy movements key concepts evaluating the extent to which ideology should shape responses to contemporary issues exploring opportunities to demonstrate active and responsible. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Product integration and merger success gerard hoberg and gordon phillips may 30, 2017 abstract we examine the importance of rm integration to the outcomes of mergers and acquisitions using new productbased ex ante measures of product integration within the rm at the rm and rmpair level. Arbitrage the arbitrage principle in financial economics. In one view, postmerger integration is understood as a set of actions. Jan 29, 2016 we examine the link between ceos political ideology conservatism and their firms investment decisions. Galtung and ruge, 1973 unexpectedness on the other hand, events like natural disasters, accidents, or crimes are completely unpredictable. What type of synergies should be prioritized revenue synergies, cost synergies or technology transfers.
Conceptualizing postmerger integration scholars have conceptualized and measured postmerger 1 integration in multiple ways. If real changes in the economy drive merger waves, as some neoclassical theories of mergers predict, both listed and unlisted firms should experience waves. Radical far left of the political spectrum, call for widesweeping rapid change in the basic structure of the political, social, or economic system, may be willing to resort to extreme methods to bring about change, including the use of violence and revolution. Conditional on the merger, ceo political ideology appears to have a significantly impact on longrun firm valuation. Mueller b,1, michael weichselbaumer c,2 a wu vienna university of economics and business, institute for quantitative economics, augasse 26, a1090 vienna, austria b university of vienna, department of economics, bwz, bruennerstr. He used it to refer to a new science of ideas literally, an ideaology that set out to uncover the origins of conscious thought and. We examine the link between ceos political ideology conservatism and their firms investment decisions. The effect of ceo conservatism on mergers and acquisitions. It aims to shed light on varying cultural representations of mental disorders in print media, and how different media portray mentallyill people.
The lebanese press is a good example because events are published in three languages and each plays a. Full text of perspectives on ideology internet archive. Isbn 9780195427769 perspectives on ideology direct textbook. Opinions and ideologies in the press 23 theories are able to explain in detall how social ideologies monitor the everyday practices of social actora like journalists, and converselyy how ideologies are formed and changed through the everyday interaction and. Following the first great merger wave that began at the end of the 19th century, several studies tried to explain its causes and effects. A mckinsey perspective on value creation and synergies almost 50 percent of the time, due diligence conducted before a merger fails to provide an adequate roadmap to capturing synergies and creating value. Perspectives on ideology figure i1 how does ideology affect the choices you make. International journal of economics, commerce and management, united kingdom licensed under creative common page 187. These events are also likely to have significant news value. Ceo political ideology and mergers and acquisitions. Political ideologies leftcentreright is suitable for history and international relations from year 9 to university level.
On the one hand, bearingpoint standardised it systems in the postmerger structure at sachtleben, while on the other hand triedandtested subsystems of the acquired factory were retained and fully integrated into the system of sachtleben group. Apr 02, 2009 the perspectives on ideology text has been developed to fit the alberta program rationale, philosophy, and vision, and the learning outcomes of the program of studies for the 301 course. Both offer a useful framework for understanding how gatekeepers evaluate potential news stories. It is the unavoidable result of the dual pressures of simultaneously having to provide business support to help get right the myriad people decisions in the merger. Several of those were accompanied by corporate governance problem and dotcom bubble. These texts help to define our world and provide models for appropriate behavior and attitudes.
During the fifth merger wave, investors were seeking crossborder deals. The effect of ceo conservatism on mergers and acquisitions decisions dongnyoung kim1 9212014 abstract we examine the link between ceos political ideology conservatism and their firms investment decisions. This research focuses on the analysis of ideology and language in six lebanese newspapers, and tries to establish if, and to what extent, the ideology behind the text limits the freedom of expression of the newspaper in question. The dominant ideology changes over time in response to.
The cases of southwest airlines and airtran airways in the us airline industry significant increases in airfares on longdistance routes. The second presentation in the series called simply politics. Ideology versus market forces in decisions to make news. Hard data, hard truths t he literature on merger successes is voluminous but for the most. The optimal level of integration between merger partners business model must be pinpointed in order to capture the full. A mckinsey perspective on organizing integrations to create value by james mcletchie. The perspectives on ideology text has been developed to fit the alberta program rationale, philosophy, and vision, and the learning outcomes of the program of studies for the 301 course. The chief integration officer is the most important person after the ceo regarding the realisation of a mergers benefits. John levi martin university of chicago, chicago, illinois, united states of america. Ideology examinations 50% ideology writing assignments 40% ideology projects 10% students will have a marking guide explained to them as well as models for assessment where available so that the nature of the task and its outcome are known. Any group of peoplea societythat has ever had the luxury of being able to think about its existence eventually arrives at a general understanding of how the world is and how the world ought to be.
996 1052 1177 1325 715 129 656 32 1168 451 1225 837 1194 27 952 237 1227 674 875 128 1130 1416 955 74 558 365 1509 860 316 228 71 165 1058 1290 1448 837 864 246 982 1050 751 1294