Bank Mergers & Acquisitions
Bank Mergers & Acquisitions

Author: Yakov Amihud

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 249

ISBN-13: 1475727992

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As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

Mergers, Acquisitions, and Corporate Restructurings
Mergers, Acquisitions, and Corporate Restructurings

Author: Patrick A. Gaughan

Publisher: John Wiley & Sons

Published: 2017-11-27

Total Pages: 819

ISBN-13: 1119380731

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The essential M&A primer, updated with the latest research and statistics Mergers, Acquisitions, and Corporate Restructurings provides a comprehensive look at the field's growth and development, and places M&As in realistic context amidst changing trends, legislation, and global perspectives. All-inclusive coverage merges expert discussion with extensive graphs, research, and case studies to show how M&As can be used successfully, how each form works, and how they are governed by the laws of major countries. Strategies and motives are carefully analyzed alongside legalities each step of the way, and specific techniques are dissected to provide deep insight into real-world operations. This new seventh edition has been revised to improve clarity and approachability, and features the latest research and data to provide the most accurate assessment of the current M&A landscape. Ancillary materials include PowerPoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension. As the global economy slows, merger and acquisition activity is expected to increase. This book provides an M&A primer for business executives and financial managers seeking a deeper understanding of how corporate restructuring can work for their companies. Understand the many forms of M&As, and the laws that govern them Learn the offensive and defensive techniques used during hostile acquisitions Delve into the strategies and motives that inspire M&As Access the latest data, research, and case studies on private equity, ethics, corporate governance, and more From large megadeals to various forms of downsizing, a full range of restructuring practices are currently being used to revitalize and supercharge companies around the world. Mergers, Acquisitions, and Corporate Restructurings is an essential resource for executives needing to quickly get up to date to plan their own company's next moves.

Trade Union Merger Strategies
Trade Union Merger Strategies

Author: Roger Undy

Publisher: OUP Oxford

Published: 2008-05-22

Total Pages: 317

ISBN-13: 0191562688

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As Trade Union membership has declined, union mergers have been prominent features in strategies of revitalization. Yet, there is very little systematic and empirical research into the effects of union mergers on the unions actually merging or of their impact on the wider union movement. This ground-breaking study fills this gap with its in-depth analysis of British unions' mergers since 1978: the point at which British unions moved from growth into decline, primarily due to adverse and damaging changes in the British industrial relations climate. Initially the book describes the merger processes (transfers and amalgamations) and the extent of British unions' merger activities. This is placed in context by an examination of the generally hostile environment in which such mergers were sought and concluded. The different non-merger strategies adopted by unions to mitigate their membership loss and reduced political status are also assessed. In the body of the text the focus is on: the factors shaping unions' merger searches; the consequent merger negotiations; and the merged unions' subsequent performance. Because of the distinctly different opportunities for reform offered by transfers, as against amalgamations, the book examines each, in turn, in Parts 2 and 3. The interpretative framework adopted for analysing transfers and amalgamations addresses the following elements of unions' interests: members' job territories; political objectives and means; democratic ethos and government; administration (including finance); and leaders' imperatives. Drawing on a wealth of material gathered over the past 20 years via surveys, interviews and action research the different purposes and performances of the merged unions are critically assessed. It is concluded that transfers served to generate a limited range of improvements, generally of advantage to the minor partner union. In contrast, amalgamations are found to have the potential to transform many aspects of union organisation. However, in practice, they also tended to generate a number of unintended and unwelcome consequences. In conclusion mergers' contributions to the revitalization of the wider British trade union movement are also discussed. This authoritative study of British unions' merger strategies is essential reading for all those interested in the future of trade unions and the potential mergers offer for generating significant reforms. Academics and students in employee relations, industrial relations, HRM and labour history should also find it useful for increasing their understanding of how unions have responded to changes in the economic and political context. Policy makers and union practitioners should also gain insights into the kinds of problems associated with unions'structural reforms.

Implications of the Euro
Implications of the Euro

Author: Mark Baimbridge

Publisher: Routledge

Published: 2006-05-02

Total Pages: 265

ISBN-13: 1134272278

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To date, critical analysis of the EMU project has largely been advanced from the centre-right spectrum of British politics. Comparable questions from the centre-left have failed to find a coherent voice. Although, the European fault-line cannot be characterized as a neat Left-Right issue there are noticeable divisions in opinion across British business, the trade union movement and within the Labour Party. Offering a unique insight into this key debate from the ‘centre-left’, eurosceptic view point, this book provides a rigorous analysis of all the salient economic and political issues of concern, such as: * the economics of a single currency * employment and social implications * sovereignty * political determination. The arguments presented in this volume highlight the emergence of a coherent alternative to deepening economic integration as a platform to build a just and equitable society. Contributions are drawn from leading academics, trade union leaders and prominent politicians, both from the Labour Party and the wider progressive Left in British politics. This informative and thought provoking book will be indispensable reading for students and practitioners in economics, politics and international relations, as well as those interested in this highly contentious topic.

A Comparison of the Trade Union Merger Process in Britain and Germany
A Comparison of the Trade Union Merger Process in Britain and Germany

Author: Jürgen Hoffman

Publisher: Routledge

Published: 2007-05-07

Total Pages: 306

ISBN-13: 1134260156

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Trade unions in Europe are currently facing a series of challenges that stem from changes to regulatory and production regimes implemented by the state and employers, in order to compete in an increasingly internationalized economy. In response to these challenges, trade union movements have been dramatically restructuring; long-standing principles of organization have been jettisoned in an attempt to develop new structures. Central to this process of structural adaptation are the mergers of trade unions. This informative book focuses on the merger process in Britain and Germany and, uniquely, it reviews the wider implications of these developments - particularly for North America. As well as addressing the reasons for mergers, the book also examines the process whereby mergers are concluded, investigates the consequences, and analyses the costs and benefits of the post-merger organisation. Drawing on interviews conducted with senior policy-makers engaged in merger processes, this book explores the extent of internal union reform brought about by the merger process, and also identifies the implications of this reform for trade unions world-wide. Structured in distinct sections, this book covers topic such as: what distinguishes the British and German systems? trade union structures pre-merger issues settling the terms of the mergers post-merger developments. This book forms part of the Routledge Research in Employment Relations series featuring works of high academic merit drawn from a wide range of academic studies in the social sciences. It is a valuable resource for postgraduate students studying business and management, industrial employee relations, and trade unions.

Varieties of Unionism
Varieties of Unionism

Author: Carola Frege

Publisher: OUP Oxford

Published: 2004-08-19

Total Pages: 228

ISBN-13: 0191533602

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As unions face an ongoing crisis all over the industrialized world, they have often been portrayed as outmoded remnants of an old economic structure. This book argues that despite structural shifts in the economy and in politics, unions retain important functions for capitalist economies as well as for political democracy. Union revitalization in the face of their current difficulties is therefore of fundamental importance. The book charts the strategies unions are using to respond to global union decline and to revive their fortunes in five countries - US, UK, Germany, Italy and Spain - providing a wide range of institutional settings, union structures, identities and union responses. It provides a rich source of documentation about union activity, but more importantly it goes beyond description to address two of the big questions in comparative research: How can we explain cross-country differences of union responses to global decline? And how effective are these actions in helping to revitalize the labour movements? Union strategies and union revitalization outcomes varied strongly across countries and were shaped by national industrial relations institutions, as well as by the interactions between union, employer and state strategies. These findings support the argument for national divergence of the varieties of capitalism literature and challenge the globalization thesis which predicts a degree of convergence in the fate of union movements across the advanced capitalist world. There is no single revitalization strategy that works well for all union movements; the same strategy is likely to produce different results in different countries. Moreover, evidence for variation in revitalization outcomes emerges most clearly when we adopt a multi-dimensional conceptualization of revitalization, moving beyond union membership and density to embrace economic and political power as well as the institutional dimension of union reform. Despite serious revitalization attempts in all countries the scale of revitalization is extremely modest when compared to the great upsurges of unionism in history. Varieties of Unionism presents important research and analysis of union strategy for academics and graduate students of Industrial Relations, Management, Politics, Political Economy, and Sociology.

The Oxford Handbook of Corporate Law and Governance
The Oxford Handbook of Corporate Law and Governance

Author: Jeffrey Neil Gordon

Publisher: Oxford University Press

Published: 2018

Total Pages: 1217

ISBN-13: 0198743688

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Corporate law and corporate governance have been at the forefront of regulatory activities across the world for several decades now, and are subject to increasing public attention following the Global Financial Crisis of 2008. The Oxford Handbook of Corporate Law and Governance provides the global framework necessary to understand the aims and methods of legal research in this field. Written by leading scholars from around the world, the Handbook contains a rich variety of chapters that provide a comparative and functional overview of corporate governance. It opens with the central theoretical approaches and methodologies in corporate law scholarship in Part I, before examining core substantive topics in corporate law, including shareholder rights, takeovers and restructuring, and minority rights in Part II. Part III focuses on new challenges in the field, including conflicts between Western and Asian corporate governance environments, the rise of foreign ownership, and emerging markets. Enforcement issues are covered in Part IV, and Part V takes a broader approach, examining those areas of law and finance that are interwoven with corporate governance, including insolvency, taxation, and securities law as well as financial regulation. The Handbook is a comprehensive, interdisciplinary resource placing corporate law and governance in its wider context, and is essential reading for scholars, practitioners, and policymakers in the field.

Unions, Equity, and the Path to Renewal
Unions, Equity, and the Path to Renewal

Author: Janice R. Foley

Publisher: UBC Press

Published: 2010-07-01

Total Pages: 268

ISBN-13: 0774858982

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Trade unions in Canada are losing their traditional support base, and membership numbers could sink to US levels unless unions recapture their power. Unions, Equity, and the Path to Renewal brings together a distinguished group of union activists and equity scholars who trace how traditional union cultures, practices, and structures have eroded solidarity and activism and created an equity deficit in Canadian unions. Informed by a feminist vision of unions as instruments of social justice, the contributors argue that equity within unions is not simply one possible path to union renewal � it is the only way to reposition organized labour as a central institution in workers' lives.

The Politics of Bargaining
The Politics of Bargaining

Author: Jeremy Waddington

Publisher: Routledge

Published: 2013-12-02

Total Pages: 273

ISBN-13: 1317727649

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Tracing developments in British trade union structure over almost 100 years with specific reference to the merger process, this book shows how the underlying processes of change are cyclical. It therefore provides a backdrop for understanding some of the options for structural change that may be adopted by trade unions in the future. Establishing a framework within which the historical development of the merger process may be understood, the book identifies three central sets of relationships: the bargaining position of unions relative to employers and the state; the bargaining position of a union relative to competitor unions; and factional bargaining within unions. Collectively, the three relationships are referred to as the politics of bargaining and are used to explain changes in the rate and character of trade union structural development.