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Thesis (LL.M.). / Written for the Faculty of Law. Title from title page of PDF (viewed 2008/05/13). Includes bibliographical references.

This dissertation is a growth options analysis of high tech mergers. I analyze the impact growth options have on the likelihood of a high tech firm being acquired, the premiums paid for these acquisitions, and the synergies that result from these mergers. I examine how proxies for growth options interact with those for the resources needed to fund growth. A significant part of my analysis involves developing and examining a new growth options proxy, Gamma, the return on investment a firm realizes in growth options value from its R&D expenditures. I find that firms that are better than their peers in converting R&D into growth options value, i.e. they have high Gamma, are more likely to be targeted for acquisition than low-Gamma firms. The premiums paid are impacted most by the characteristics of the deal, primarily when deals are competitive, and GDP growth. The acquirer's Gamma, however, is very significant in predicting premiums. Acquiring firms with high Gamma pay significantly lower premiums. The synergies that result from a merger are measured in short and long run returns, and most mergers result in value destruction to the combined firm. In the fewer than 20% of the mergers that resulted in positive long run abnormal returns, the premium paid and whether the deal was competitive significantly reduced the returns. However the two characteristics that significantly increased returns were the acquirer's Gamma and if the acquirer and target had complementary characteristics for growth options levels and free cash flow. / by Sean M. Davis. / Thesis (Ph.D.)--Florida Atlantic University, 2011. / Includes bibliography. / Electronic reproduction. Boca Raton, Fla., 2011. Mode of access: World Wide Web. FboU

Thesis (Ph. D.)--Ohio State University, 1991. / Vita. Includes bibliographical references (leaves 141-146).

Thesis (Ph. D.)--University of Hong Kong, 2006. / Title proper from title frame. Also available in printed format.

This study analyzes ownership and directorship links among larger Canadian-owned corporations. These links have received insufficient attention from Canadian economists. It shows that these corporations did not undergo the radical changes predicted for their counterparts in other countries: proprietor ownership remains high, and the board of directors persists as the centre of power. / Ownership links form the basis for the development and empirical investigation of the "Shadow Group" concept. The taxonomical classification of shadow groups reveals complex structures accompanying diversification strategies. Interlocking directorships exist among "core" corporations inside the groups and are frequent between the shadow groups and the rest of the economy. / Shadow groups were at the heart of mergers and acquisitions between 1978 and 1981. A case study shows that external growth (especially takeovers) is their characteristic tactic for expansion. Hence, the necessity exists for amending economic theories to account for the behaviour of these groups.

This research seeks to develop a model of PMI strategy, incorporating four constructs: M&A motives, PMI, M&A performance, and contextual factors. / Firms use Mergers and Acquisitions (M&As) to pursue growth as they are regarded as a fast and seemingly less expensive way to acquire production capacity, market share, and knowledge given the shortening product life cycles, fierce global competition, and accelerating technological innovations. However, the literature, studying M&A mechanisms from different perspectives, suggests most M&A deals fail. / Post-merger integration (PMI) is commonly agreed to be an extremely important decision making process for management, which ensures value creation through M&As. PMI is also a subject of great interest to management and academics in Taiwan, following an unprecedented M&A boom due to the entry into WTO, regional economic integration, and regulatory reform since the year 2000. / PMI is conceptualised through integration speed and scope to capture the construct's abstract meanings, and is observed in two specific aspects, task integration and human integration. The developed framework was tested across a sample of 51 M&A cases in Taiwan. The case survey method was used. Correlation and multiple regression analyses were conducted to investigate the proposed relationship. / This research confirms the relationship between M&A motives and integration scope, in that integration scope is positively associated with motives for synergy. Management style has a positive moderator effect on integration scope, but not integration speed. Firm size does not affect integration speed and scope. Knowledge has a significant moderator effect on integration speed and scope. / Thesis ((DBusinessAdministration)--University of South Australia, 2007.

Thesis (M.B.A.)--University of Hong Kong, 1995. / Includes bibliographical references (leaves 88-95).

Thesis (Ph. D.)--University of Tennessee, Knoxville, 1992. / Vita. Includes bibliographical references (leaves [281]-295).

Thesis (Ph. D.) University of Missouri-Columbia, 2006. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on August 1, 2007) Includes bibliographical references.