We provide new estimates of merger value creation by exploiting revealed preferences of merging banks within a matching market framework. We find that merger value arises from cost efficiencies in overlapping markets, relaxing of regulation, and network effects exhibited by the acquirer-target matching. In our analysis of bank mergers, we find that merger value creation is unrelated to acquirer...

Merger and Acquisitions (M&As) provide a plausibly exogenous shock to analysts’ decision to drop, add or maintain coverage of the merged firms. Higher caliber analysts covering the acquiring and target firms before the M&A deal are more likely to cover the merged firm. The majority of target analysts drop coverage of the merged firm following the delisting of the target stock. However, the targ...

The traditional focus of knowledge engineering has been to acquire knowledge that can be used in deductive inference. Acquiring such knowledge invariably requires users to undergo extensive training. There are, however, aspects of the knowledge necessary for deductive inference that require much less training and sophistication. For example, capturing knowledge involving ground facts and concep...

This research is concerned with the Study and Analysis of Knowledge Acquisition Techniques, detailed study on Product Functionality, comparison of various Knowledge Acquisition Techniques and to select a Knowledge Acquisition Method for Acquiring Knowledge on Product Functionality efficiently. This study investigates the efficiency of the various knowledge acquisition techniques in product func...

In the globalised era, the ability of firms to reconfigure existing competencies and create new knowledge for innovation has become a strategically important capability. In the emerging environment, firms will have to create knowledge for innovation by acquiring the necessary new knowledge and combining it with the existing knowledge base. This research explores the approaches used by Indian ph...

there is a relationship between tourism motivation and destination choice, acquiring knowledge about this is so important in predicting the future patterns of tourists’ behaviour. the main purpose of this study is to analyse the motivational factors influencing european tourists’ decision making process to choose iran. a sample of 404 tourists were studied, the data were analysed using factor a...