The stock price e€ects for the domestic competitors of foreign acquisition targets in the US are found to be signi®cantly positive. These results imply that signals of favorable industry conditions conveyed through cross-border acquisitions dominate any perceived changes in competitive balance. Consistent with the information-signaling hypothesis, the stock price e€ects are more favorable for r...

This paper presents a model that incorporates product market competition into the standard neoclassical framework. The model explains why value-maximizing firms conduct mergers that appear to lower shareholder value. In a Cournot setting, the model demonstrates a prisoners’ dilemma for merging firms in a merger wave. Consistent with the model’s implications, the paper empirically documents that...

This paper discusses learning in hybrid models that goes beyond simple classification rule extraction from backpropagation networks. Although simple rule extraction has received a lot of research attention, we need to further develop hybrid learning models that learn autonomously and acquire both symbolic and subsymbolic knowledge. It is also necessary to study autonomous learning of both subsy...

Business process modeling is expensive and time consuming. It largely depends on the elicitation method and the person in charge. The model needs to be shared in order to promote multiple perspectives. This paper describes a group storytelling approach as an alternative to the traditional individual interviews to elicitate processes. Information gathering is proposed to be done through capturin...

Large case databases are numerous and packed with information. The largest of them are potentially rich sources of domain knowledge. The FGP machine is a software architecture that can make this knowledge explicit and bring it to bear on classification and prediction problems. The architecture provides much of the functionality of traditional expert systems without requiring the system builder ...

This paper presents a model for Flexible Interactive Guidance System (FIGS) that provides people with instructions about natural tasks. The model is developed on the basis of a phenomenological analysis of human guidance and illustrated by a system that gives directions in geographical domains. The instructions are provided through a dialog adapted both in form and content to user's needs. The ...

As a system acquires more knowledge about a task it should be able to take a more active role in learning additional knowledge. To do so, it must be able to reeect upon the knowledge that it has|at each moment| and understand what every piece of knowledge , old and new, contributes to the task. This is the approach taken in expect, a system that represents and manipulates many diierent types of...

This study presents a method of acquiring product design knowledge. By analyzing the process and mathematics expression of product design, design attributes are taken as item sets and associated relationship among them are taken as analyzing target. Based on the expression and application for domain knowledge, design data are pretreated. Then the correlations knowledge among design attributes i...

the purpose of this paper is to evaluate the effects of infrastructure and strategy of knowledge management on acquisition of core competencies through knowledge management process in ‘iran khodro company’. research method was descriptive-correlation. statistical population encompassed 400 members of supervisors, middle managers, and senior managers in iran’s ikco. the opinions of 198 members w...