Erfolgreiche M&A-Transaktionen in der europäischen by Jörg Mußhoff (auth.)

By Jörg Mußhoff (auth.)

Generieren M&A-Transaktionen langfristig Shareholder worth? Der Kenntnisstand zum Erfolg der Konsolidierung im europäischen Bankensektor ist sehr begrenzt. Arbeiten mit Fokus auf die united states belegen zumeist sogar eine Wertvernichtung durch Bankentransaktionen. Trotzdem haben die M&A-Aktivitäten seit den 1980er Jahren in Europa stark zugenommen und es ist inzwischen auch eine verstärkt grenzüberschreitende Konsolidierung des gesamten Bankensektors zu beobachten.

Jörg Mußhoff analysiert die kurz- und mittel- bis langfristige Wertschaffung europäischer Bankentransaktionen zwischen 1994 und 2004 anhand von marktorientierten Performancestudien. Er vertieft diese Querschnittsbetrachtung durch Fallstudien, die eine detaillierte examine der Wertschaffung und der zugrunde liegenden Erfolgsfaktoren ermöglichen. Durch Integration verschiedener methodischer Ansätze sowie weiterentwickelter statistischer Testverfahren beantwortet der Autor die Frage nach der tatsächlichen Wertschaffung von M&A-Transaktionen im europäischen Bankensektor und leitet fundierte Handlungsempfehlungen für die Bankpraxis ab.

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Annuaire Européen / European Yearbook: Vol. XII: Publié Sous by Théo Lefèvre (auth.), Prof. B. Landheer (eds.)

By Théo Lefèvre (auth.), Prof. B. Landheer (eds.)

The time period EUROVISION, invented-by natural chance-only many years in the past, is now primary to hundreds of thousands. What the identify covers is the topic of this paper. EUROVISION isn't the identify of an company or corporation, yet quite a logo. It indicates overseas co-operation in tv programme exchanges in the framework of the ecu vast­ casting Union - or relatively the main impressive component of that Co-oper­ ation. apparently conspicuously on the head of programmes relayed through a number of international locations. to appreciate the complete quantity of this co-operation, you must examine the broader box lined by means of the constitution and dealing of the eu Broadcasting Union itself. the ecu Broadcasting Union is a qualified organization, grouping Western ecu radio-television agencies as lively contributors, with firms in different continents as affiliate contributors. it's financed via contributions from its participants. Questions of precept, administration and fiscal accountability come less than the executive Council or the overall meeting (from which it truly is elected) - within which the Directors-General of the various businesses are represented. the current Chairman is M. RoDIN6 of Italy who succeeded M. RYDBECK of Sweden. 4 Committees are answerable for preparatory reviews and regimen difficulties: the criminal, the Technical, the Programme and the Sound Broadcasting Committees, which crew the professional provider Directors.

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Grundsätze ordnungsmäßiger Umwandlungsprüfung by Michael Lamla

By Michael Lamla

Seit der Novelle des Umwandlungsrechts zum 1.1.1995 bieten sich Unternehmen zahlreiche Reorganisationsmöglichkeiten durch Verschmelzung, Spaltung oder Formwechsel. In all diesen Fällen haben die außenstehenden Anteilshaber ein vitales Interesse, die Angemessenheit des Umtauschverhältnisses oder der Barabfindung durch externe unabhängige Sachverständige prüfen zu lassen. Dabei haben die Umwandlungsprüfer nach § 12 II Satz 2 UmwG auch anzugeben, welche Bewertungsmethoden Anwendung fanden und aus welchen Gründen die Anwendung dieser Methoden angemessen ist. Diese Norm bereitet Umwandlungsprüfern und Unternehmen Probleme, da konkrete gesetzliche Vorgaben für die Durchführung fehlen. Ferner herrscht in der Umwandlungspraxis eine starke Verunsicherung darüber, wie Prüfungsdurchführung und Berichterstattung zu gestalten sind, um vor den Schranken der Justiz Bestand zu haben. Vor diesem Hintergrund entwickelt Michael Lamla ein von der Bestellung über die Unternehmensbewertung bis hin zur Berichterstattung reichendes process von Grundsätzen ordnungsmäßiger Umwandlungsprüfung. Grundlage der einzelnen Prüfungsgrundsätze sind zahlreiche vom Verfasser beobachtete und anonymisiert dargestellte Umwandlungsfälle.

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Plant Proteins from European Crops: Food and Non-Food by K. Müntz (auth.), Dr. Jacques Guéguen, Mr. Yves Popineau

By K. Müntz (auth.), Dr. Jacques Guéguen, Mr. Yves Popineau (eds.)

Jointly released with INRA, Paris

Plant proteins are considered as flexible, sensible elements or as lively organic compounds, and as crucial meals in nutrients. along with meals makes use of, plant proteins also are regarded as "green" chemical molecules invaluable in production non-food business items. This new usage of plant proteins provides an excellent problem for agriculture and and also will be helpful for the surroundings. during this e-book, a number of scientists engaged on all elements of proteins from the key eu vegetation document at the function performed by means of plant proteins in nutrition platforms and their results on human overall healthiness. moreover, the latest facts on protein-based plastic fabrics and different non-food items are presented.

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Ukrainian Migration to the European Union: Lessons from by Olena Fedyuk, Marta Kindler

By Olena Fedyuk, Marta Kindler

This ebook is open entry below a CC BY-NC 2.5 license.

This ebook presents a complete exam into the stream of Ukrainian nationals to the ecu. The chapters surround and historicize this migration opposed to a string of crises skilled through Ukraine and the zone within the final 3 a long time, from the dissolution of the USSR to adjustments within the european borders to the failed fiscal reforms in self reliant Ukraine. The publication engages in a powerful evaluate of significant courses to be had in various disciplines and in different languages, together with Russian, Ukrainian, and English. It provides readers with a serious research of those authoritative assets besides linking historical and modern texts to set up continuity of the migratory developments and practices. insurance brings jointly spatial, temporal, and geopolitical views, delivering professional research in such parts as economics, immigration rules, historical past, gender, and migration experiences. additionally, the members additionally current Ukrainian migration because it is skilled inside of seven ecu nations: the Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Spain. Drawing on information received in every one kingdom, those designated pictures establish major traits and may support readers to higher comprehend the dynamics of migration movement within the quarter as a complete. total, this quantity presents researchers, coverage makers and coverage students, in addition to scholars with a complete evaluation of the wide-ranging examine in this subject, a study that has been gradually growing to be within the final a long time in numerous disciplines yet thus far has now not been introduced jointly or completely hooked up. It provides an insightful research that finds not just the sturdiness and ongoing transformation of the migratory flows from Ukraine however the regulations of the ideological agendas that advisor the examine of this technique.

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