This study investigates the effect of horizontal acquisitions on target firms in China’s context. We examine how competitive and organizational similarity jointly affect cost savings, revenue growth and profitability improvement at the target in horizontal acquisitions. Using a dataset containing information on acquired firms in China’s beer industry, we find that the way in which competitive s...

In this paper, we develop conjectures for understanding how information technology (IT) strategy and IT investments jointly influence profitability and the market value of the firm. We view IT strategy as an expression of the dominant strategic objective that the firm chooses to emphasize, which can be revenue expansion, cost reduction, or a dualemphasis in which both goals are pursued. Using d...

The phrase by Feigenbaum (1951) that quality is never an accident; it is the result of intelligent efforts is rightly indicating the fruitful effects and outcomes for quality management systems like TQM and clearly depicting that right and intelligent efforts in the right direction will produce quality results which in turn creates value of organization in the market. While examining this indep...

The determination of a company’s capital structure constitutes a difficult decision, one that involves several and antagonistic factors, such as risk and profitability. That decision becomes even more difficult, in times when the economic environment in which the company operates presents a high degree of instability. Therefore, the choice among the ideal proportion of debt and equity can affec...

The bias against mangrove areas in siting fish farms prompted a comparison of the cost structure and yield performance in upland and mangrove locations. Tools utilized included descriptive statistics, budgetary and cash flow analyses and profitability ratios. Empirical results revealed that substantial revenue could be realized from both farms. While the upland farms yielded average gross reven...

The profitability of any credit card portfolio is influenced by complex interactions between several conflicting factors like credit risk, probability of attrition, propensity to revolve, credit limit utilization and revenue generated. In this context, the allocation and maintenance of appropriate credit limits, and optimum pricing are the most critical parameters, as they affect a number of th...

BACKGROUND This study examines the impact of subsidies on the profitability and ecological stability of the North Sea fisheries over the past 20 years. It shows the negative impact that subsidies can have on both the biomass of important fish species and the possible profit from fisheries. The study includes subsidies in an ecosystem model of the North Sea and examines the possible effects of e...

Prior research has debated the relative importance of such factors as human capital, political capital and region in determining workers' earnings in reform-era urban China. This article argues that a main agent of social stratification in contemporary China continues to be the danwei, the work unit. Using data from a 1999 survey we conducted in three large Chinese cities, Wuhan, Shanghai and X...