Cross-border acquisitions play an important role in corporate strategic development and international expansion. During the past decades, mergers and acquisitions have been…
Abstract
Cross-border acquisitions play an important role in corporate strategic development and international expansion. During the past decades, mergers and acquisitions have been intensively researched through the lenses of strategic management, corporate finance, behavioral finance, etc. Despite the intense effort, the progress made is still fragmented and lacks unifying theories that approach the entire acquisition process on the one hand, and in-depth research of critical factors on the other. The intent of the research paper is to establish a vital link between academic research and practice of mergers and acquisitions, especially regarding the pre-acquisition evaluation.
In detail, the research paper investigates critical factors – and their inclusion in the pre-acquisition due diligence, before decision about acquisition is made. Pre-acquisition due diligence theoretically conforms to organizational learning theory, which proposes the more the acquiring firm learns about the acquisition target, the higher the probability of a successful acquisition. The central hypothesis states that due diligence, including the critical factors, in the pre-acquisition phase is related to acquisition success.
Using a multidimensional measure of critical factors, the empirical evidence is based on 85 cross-border acquisitions that took place between 2007 and 2013 in the European automotive industry. The quantitative analysis finds positive association between the Choice of Strategic Partner, Business Capabilities and HR Knowledge, and Financial Factors and Acquisition Premium as critical factors of due diligence and acquisition success. The strongest relationship is between business capabilities and knowledge transfer as the main asset for realization of synergy values and successful acquisition. In this context, the valuation of the business capabilities of the acquisition targets is classified as the main challenge for reflecting suitability of the acquisition price and establishing value generation from the combined firms in the post-acquisition phase.
By studying acquisition risk and critical factors – both success and failure reasons – this research tested and proved theoretically sound framework for successful acquisition. From a practical standpoint, the research results provide acquisition management with a proven model for pre-evaluating acquisition candidates by means of comprehensive due diligence.
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Aaron Parness and Clifford McKenzie
The Durable Reconnaissance and Observation Platform (DROP) is a prototype robotic platform with the ability to climb vertical cinder block surfaces at a rate of 25 cm/s, make…
Abstract
Purpose
The Durable Reconnaissance and Observation Platform (DROP) is a prototype robotic platform with the ability to climb vertical cinder block surfaces at a rate of 25 cm/s, make rapid horizontal to vertical transitions, carry an audio/visual reconnaissance payload, and survive impacts from 3 meters.
Design/methodology/approach
The platform uses a two‐wheel, two‐motor design that delivers high mobility with low complexity. DROP extends microspine climbing technology from a linear to rotary implementation, providing improved transition ability, increased speeds, and simpler body mechanics while maintaining microspine's ability to opportunistically grip rough surfaces.
Findings
The DROP prototype was able to climb rough, vertical walls at a speed of 25 cm/s. These wheels were also deployed on a commercial platform, the ReconRobotics Scout, and demonstrated additional mobility capabilities such as curb mounting and stair climbing.
Originality/value
This robot is the first wheeled robot to use microspine technology. Various aspects of the prototype robot's design and performance are discussed, including the climbing mechanism, body design, and impact survival.
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Irene Antonopoulos and Omar Madhloom
The global Clinical Legal Education (CLE) movement transcends borders as law teachers worldwide try to inculcate law students and future legal practitioners with social justice…
Abstract
The global Clinical Legal Education (CLE) movement transcends borders as law teachers worldwide try to inculcate law students and future legal practitioners with social justice values. One method of achieving this is through developing reflective practitioners. Kolb, finding common ground in the work of Lewin, Dewey, and Piaget, formulated the four stages in the experiential development of concrete experience, reflective observation, abstract conceptualization, and active experiment. Although Kolb’s model is used in legal education literature, students may not be provided with the relevant conceptual tools required to engage in reflective practice. This often results in students providing subjective analysis of their work, which fails to fully contribute to their educational experience. One of the reasons for omitting analytical tools is that reflective practice suffers from a lack of conceptual clarity. According to Kinsella, the “concept remains elusive, is open to multiple interpretations, and is applied in a myriad of ways in educational and practice environments”. A further issue hindering reflective practice relates to Donald Schön’s critique of the positivist approach adopted by law schools.
This chapter will apply a human rights framework to CLE to develop reflective practitioners. The two main reasons for this are, first, human rights as formulated by the Universal Declaration on Human Rights are universal, interrelated, and indivisible and, second, reflection based on these universal human rights values will benefit cross-jurisdictional societies in assisting vulnerable clients affected by emerging implied and direct human rights challenges.
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Oral history collections can offer a wealth of detailed information for entrepreneurship researchers. The stories that entrepreneurs tell provide researchers with insight into…
Abstract
Oral history collections can offer a wealth of detailed information for entrepreneurship researchers. The stories that entrepreneurs tell provide researchers with insight into both perspective and into substantive issues of entrepreneurial behavior. The life stories of entrepreneurs offer students of entrepreneurship insight into both the explicit and the tacit knowledge of working entrepreneurs.
Given its social importance, Sport (especially Football), which has experienced an astounding transformation into a global industry with significant economic impact, has been a…
Abstract
Given its social importance, Sport (especially Football), which has experienced an astounding transformation into a global industry with significant economic impact, has been a vehicle for the transmission of cultural and universal values. Its structural complexity (players, transfer agents, clubs and its owners, right holders of different contracts) creates a lot of moving parts that can easily hide illicit activity, especially because this structure incorporates the international market. The movement of large amounts of money, the difficulty in accounting for all transactions, and ironically, the clubs’ own financial needs increase this sector’s vulnerability to organized crime. For many years, this sector has had a relatively free hand in its efforts to make criminal assets legal. This is made possible by some ineffectiveness of current national and international laws and enforcement bodies, which have not kept pace with the changing situation. It is already known that sport historically has been used as a tool for enrichment of a specific group of companies, an issue deserving of public concern. This chapter argues for a sensitive situation involving the actors of the public and private sectors, notably its regulations, in order to curb corruption and money laundering through sport. The purpose is to address these matters by identifying the risks of misconduct within sport organizations, and proposing measures that could prevent, hamper, and punish any attempts to thwart these organizations’ main goal: promoting sport as a way for cultural improvement and teaching people the values of tolerance and civilized coexistence.
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The purpose of this paper is to identify and map the shifting relationship between the settlement process and the information practices of newcomers from the Philippines as they…
Abstract
Purpose
The purpose of this paper is to identify and map the shifting relationship between the settlement process and the information practices of newcomers from the Philippines as they migrate and settle in Canada.
Design/methodology/approach
This research employs two semi-structured in-depth interviews, each with 14 newcomers from the Philippines to Canada. Participants were selected because they had migrated to Winnipeg through the Manitoba Provincial Nominee Program within 1–4 years of the date of interview.
Findings
Eight settlement information tables are identified that demonstrate participants' migration experiences, including participants' thoughts and feelings related to migration and settlement, their information questions and needs, the information resources they consult and the activities in which they engage.
Originality/value
This paper argues that this phased model approach documents the shifting relationship between settlement processes and migrants' information needs, activities, resources and practices. Articulating study findings using this phased model approach can support information institutions, such as the settlement sector and libraries, to provide support to newcomer groups in a timely and targeted manner.
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Tanya Fitzgerald and Sally Knipe
In this chapter we have broadly sketched the educational history of Aotearoa New Zealand to show that this historical backdrop offers a fascinating insight into contemporary…
Abstract
In this chapter we have broadly sketched the educational history of Aotearoa New Zealand to show that this historical backdrop offers a fascinating insight into contemporary debates. In the following chapters we adopt a thematic approach to the history of teacher preparation in Aotearoa New Zealand. We do not offer an institutional or chronological historical narrative, but rather, the chapters are interconnected as they re-trace, recall and re-tell this educational history. Our core thesis is that across the long history of teacher preparation these themes permeate the shifts and changes in educational policy and practice and that ruptures at particular historical moments are not unique. We draw on a number of historical examples to underscore the oftentimes personal impact of the wider policy environment and the educational stories of aspiring teachers. Importantly, we have documented the methodological approaches employed and the archival research that has influenced our reading of the materials.