Thesis (M. Econ.)--University of Hong Kong, 1999. / Includes bibliographical references (leaves 23-25).

Thesis (M.Econ.)--University of Hong Kong, 1999. / Includes bibliographical references (leaves 23-25). Also available in print.

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No description available.

D.Comm. / The purpose of this study was to build a comprehensive, holistic people integration process model for people integration during mergers and acquisitions (M&As). M&As is a popular and frequently used strategic initiative by organisations to grow their business. It has been estimated that 80% of M&As are unsuccessful in producing any shareholder value. In many cases lack of culture integration, a people aspect, is mentioned as one of the main reasons for M&A failure. Poor people integration during M&As is thus a major cause of M&A failure and motivated this research. The research objective was firstly, to build a model from current best practice in the M&A field. In building this model (Model P) inputs were received during interviews from experts and practitioners in the M&A field. The second research objective was to build a theoretical model (Model T) based on an in-depth literature review. The third research objective was to verify Model T with experts and practitioners in the M&A field. A questionnaire was distributed to experts and practitioners in the M&A field. The findings from the verification process were integrated with the findings from a comparison between Model T and Model P and a final model (Model TP) was built. The last research objective was to apply Model TP to two case studies in order to demonstrate the practical use of Model TP. The research process was completed upon arriving at Model TP and illustrated its practical use in the M&A field. The overall conclusion in the study was that the main difference between Model T and Model P turned out to be in the model design. Model T was based on an organic model design whereas Model P had a linear design. An organic model design was also chosen for Model TP. The reasons for choosing an organic model design were that this design emphasised the complex interrelationships and dynamic tension of the building blocks within the people integration model. That means that a change in any of the building blocks would impact on the other elements of the model. The contents of the models, i.e. the actual building blocks of the practice model and the theory model, were very similar. This implies that experts and practitioners in the M&A field have the necessary knowledge of what a successful people integration process entails. A comprehensive, holistic people integration process may not have been documented academically, but practitioners do have the knowledge of effective integration of people during M&As.

This dissertation focuses on the issue of mergers in the bank sector of the Czech Republic, which is graphically demonstrated by an example from the actual milieu . Its aim is to acquaint the reader, in a logical way, with the basic terms concerning mergers of companies and their forms. The work further deals in detail with fusions as a form of the merger of companies, its legislative regulation and amendments which have taken place in the Czech Republic. In the subsequent steps, I have focused on defining the banking system of the Czech Republic with its accounting particularities, which introduce the practical part of the thesis, where I have devoted myself more closely to all of the details and processes which lead to the merger of two specific banks; what precedes it, how it ends and what the operation of the fused company looks like in legal and accounting terms, namely using the example of Raiffeisenbank, a.s. and eBanka, a.s.

Thesis advisor: Edward J. Kane / This paper investigates two issues: how much merger announcements surprise the market and what market responses to the announcement reveal about the motives underlying the proposed deal. Using a simultaneous-equations framework, we model investor anticipations in the first equation and abnormal returns in the second equations. Ouranalysis indicates that investors can successfully predict bidders but not target candidates. Cumulative abnormal returns to bidders whose candidacy was widely anticipated in the market prove significantly larger in magnitude than returns to bidders whose candidacy wasn't anticipated. Bidder abnormal returns differ insignificantly from zero when market expectations are met, whereas bidder returns prove significantly positive when markets are surprised that the firm made a bid. This favorable market response to the surprise in bidder identity suggests that to an important extent managerial merger motives serve shareholder interests. / Thesis (PhD) — Boston College, 2006. / Submitted to: Boston College. Carroll School of Management. / Discipline: Finance.

Lau Po Shan. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2005. / Includes bibliographical references (leaves 62-63). / Abstracts in English and Chinese. / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Literature Review and hypotheses --- p.4 / Chapter 3. --- Sample Selection and methodology --- p.9 / Chapter 4. --- Valuation Results --- p.15 / Chapter 5. --- Additional analysis of spinoffs and mergers --- p.28 / Chapter 6. --- Conclusion --- p.41 / Chapter 7. --- Tables --- p.43 / Chapter 8. --- Bibliography --- p.62

This thesis analyses the competitive aspects of bank merger transactions under the law of the United Kingdom ('UK') and the United States ('US'), including the applicable law of the European Union ('EU'). This thesis, also, covers bank mergers and competition in view of the financial crisis 2007-08 that is known as the Global Financial Crisis ('GFC'). The analysis under UK and EU law focuses on competition issues in the banking and financial sector, notwithstanding that competition laws in these jurisdictions apply broadly to all sectors of the economy. The US law analysis is based on competition law from federal antitrust and bank regulatory authorities, case law, as well as consumer protection regulation. This thesis establishes a comparative framework for understanding the competition provisions, examination methods of mergers, administrative proceedings, and case law development among the UK law, applicable EU cases, and US agencies and courts. It highlights potential improvements in the analysis of banking competition and the financial sector as whole. The ultimate goal of any proposed improvement should be to make banks and other financial institutions provide more efficient services and less costly products to consumers, while reducing systemic risk and preserving the soundness and safety of the financial system. The GFC led UK and US policy makers to introduce a number of laws and regulations aimed at addressing excessive bank risk taking and improving financial regulatory enforcement. The increasing interconnection between competition law and bank regulation means that the competition and banking regulators are well positioned to play an active and wide-ranging role. The actions taken by the UK, the US as well as other national and international bodies, upon the occurrence of the GFC, were arguably necessary and perfectly justifiable on regulatory and financial stability grounds. The GFC revealed a number of significant regulatory and central bank failures, and especially in terms of defective regulation, supervision, resolution, support and macro prudential oversight. A substantial amount of work has been undertaken to correct all of these. It is arguable that sufficient action has been taken to remove the worst threats that arise with 'too-big-to-fail'. This paper takes a comparative approach and examines the applicability of competition laws, policies, and methods in bank mergers in the UK and the US. It, also, discusses how to improve these laws, polices and methods to make them more efficient and better equipped to preserve and enhance competition in banking and financial system.

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