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.
By Radu Robert Piticescu; Witold Łojkowski; John R Blizzard
By Floro Ernesto Caroleo, Sergio Destefanis
This ebook brings jointly updated findings at the local dimensions of ecu labour markets. It presents a conceptual and empirical learn of the interactions among the ecu financial system and its areas, paying specific awareness to the problem of the transition of significant and jap ecu nations to a marketplace financial system. the subjects analysed comprise: the constitution of the shocks affecting employment (regional, business, national), the relationships among labour industry potency and the local distribution of unemployment, salary flexibility in ecu member international locations or of their areas and the function of lively labour marketplace guidelines in affecting the neighborhood distribution of employment and unemployment.
By William E. Kovacic (auth.), Christoph Herrmann, Markus Krajewski, Jörg Philipp Terhechte (eds.)
Part one in all quantity four (2013) of the eu Yearbook of overseas financial legislations deals a different specialize in contemporary advancements in foreign festival coverage and legislations. foreign festival legislations has purely started to end up a special subfield of overseas fiscal legislations in recent times, although overseas agreements on festival co-operation date again to the Nineteen Seventies. pageant legislation turned a renowned topic of political and educational debates within the overdue Nineteen Nineties while pageant and exchange have been mentioned as one of many Singapore matters within the WTO. at the present time, foreign festival legislation is a posh and multi-layered procedure of ideas and ideas encompassing not just the exterior program of household festival legislation and standard bilateral co-operation agreements, but in addition pageant provisions in local exchange agreements and non-binding directions and criteria. moreover, the relevance of pageant legislations for constructing nations and the connection among festival legislation and public companies are the topic of heated debates. The contributions to this quantity replicate the starting to be range of the problems and parts of overseas festival law.
Part offers analytical stories at the advancements of the nearby integration techniques in North the USA, primary Africa and Southeast Asia in addition to at the treaty perform of the ecu Union. half 3 covers the criminal and political advancements in significant foreign organisations that care for overseas monetary legislations, specifically the IMF, WCO, WTO, WIPO, ICSID and UNCTAD. finally, half 4 deals publication experiences of contemporary works within the box of foreign financial law.
By Jacob Soll
Winner of the 2005 Jacques Barzun Prize in Cultural heritage from the American Philosophical Society
By Gerard Duprat
Those essays transcend traditional stories of the associations and events of Europe to handle Europe's democractic destiny extra widely.While the ebook does provide an research of the democratic associations of eu international locations, picking out universal gains and variations, because the editors placed it, "institutions can't functionality on my own, like machines to provide concensus". So the publication specializes in the basics of eu democratic tradition. The authors argue that ecu social existence and clinical studying were integral parts within the progress of the shared values that democracy pursues. additionally they examine the dynamic stress dropped at the lifetime of democractic associations by means of legislations, the will for freedom, and demanding public debate.With Europe engaged in perpetual self-examination, and quick switch, this booklet presents insights into its democractic earlier and prognosticates for its democratic destiny.
By Charu C. Aggarwal (auth.), Johannes Fürnkranz, Tobias Scheffer, Myra Spiliopoulou (eds.)
The ideal annual eu meetings within the components of laptop studying anddatamining havebeencollocatedeversincethejointconferenceinFreiburg, Germany,2001. the eu convention on computer studying wasestablished two decades in the past, while the ?rst eu operating consultation on studying was once held in Orsay, France, in 1986. The convention is transforming into, and is extra full of life than ever. the eu convention on ideas and perform of data Discovery in Databasescelebratesits 10th anniversary;the ?rst PKDD came about in 1997 in Trondheim, Norway. through the years, the ECML/PKDD sequence has developed into one of many biggest and such a lot selective overseas meetings in those parts, the single one who offers a standard discussion board for the 2 heavily similar ?elds. In 2006, the sixth collocated ECML/PKDD happened in the course of September 18-22, whilst the Humboldt-Universität zu Berlin hosted the seventeenth ecu convention on computer studying (ECML) and the tenth ecu convention on ideas and perform of information Discovery in Databases (PKDD). The winning version of a hierarchical reviewing procedure that used to be brought final 12 months for the ECML/PKDD 2005 in Porto has been taken over in 2006. We nominated 32 region Chairs, every one of them accountable for a number of heavily comparable learn issues. compatible parts have been chosen at the foundation of the submission s- tistics for ECML/PKDD 2005 to make sure a formal load stability one of the quarter Chairs. For the ?rst time, a joint application Committee was once nominated for the 2 meetings, such as 280 popular researchers,mostly proposed through the AreaChairs.
By WHO Regional Office for Europe
This record provides the prestige of street security within the WHO ecu zone and gives a baseline evaluation of ways some distance forty nine international locations have are available in imposing the options of the area file on highway site visitors harm Prevention. within the zone, highway crashes consequence each year in 120,000 deaths, 2.4 million accidents and an exceptional financial burden, that could be as much as three% of a country's gross family product. highway site visitors accidents are the prime explanation for dying between humans 5-29 years previous. susceptible street clients resembling pedestrians, cyclists and clients of motorized two-wheelers represent 39% of all highway site visitors harm fatalities, with pedestrians being extra in danger within the japanese a part of the area. nations range enormously in mortality charges for street site visitors accidents; the common in low- and middle-income international locations is two times that during high-income nations. international locations coverage responses in delivering highway protection for his or her voters have differed. This file proposes the next components of motion: slim the space among international locations with the bottom and maximum mortality charges; offer larger security for weak street clients; enhance a well-resourced multisectoral street protection method in each one state; layout and implement finished laws; and increase and enforce more healthy delivery guidelines. moreover, kingdom profiles at the present prestige of street defense are provided for the forty nine engaging nations.
By Narcisse Kabeya Makweta
Los angeles scenario désastreuse que vit le continent africain sur plusieurs plans est, en grande partie, l. a. conséquence de l’instabilité et de l’incohérence de son référent paradigmatique, contenu dans le binome justice-solidarité. A quels facteurs cette scenario tient-elle, et à quels stumbling blocks l’Afrique est-elle confrontée dans son aspiration à devenir un espace de plus de droit, de plus de justice sociale et de solidarité ? Par ailleurs, de quels modèles peut-elle s’inspirer pour réaliser ce projet et défier toute velléité d’afro-pessimisme ?
Ces questions évoquent non seulement un problème de imaginative and prescient de l. a. société, mais aussi de l’homme tel que le soulignent John Rawls et Philippe Van Parijs. Cet ouvrage s’efforce de dégager cette double imaginative and prescient et d’en légitimer l. a. pertinence pour los angeles nouvelle société africaine à construire moyennant un dispositif contractuel.
By A.P. Van der Mei
This e-book explores the level to which ecu neighborhood legislation confers upon participants the perfect to realize entry to public providers in different Member States. Are ecu electorate and 3rd state nationals who've moved to different Member States entitled to say minimal subsistence advantages, to obtain treatment or to be admitted to schooling? Does group legislations supply for a freedom of circulate for sufferers, scholars and individuals wanting social welfare advantages? if this is the case, to what quantity does neighborhood legislations have regard for the Member States' fears for, and matters approximately, welfare tourism? in addition to addressing a variety of exact questions about the fitting measure to which neighborhood legislations allows cross-border entry to public prone, the writer analyzes how neighborhood legislations, and the courtroom of Justice particularly, have sought to reconcile the Community's ambitions of knowing freedom of circulation and making sure equality of remedy with the necessity to enhance and hold sufficient social providers in the neighborhood. additionally, the e-book encompasses a certain research of usa constitutional legislation on cross-border entry to public companies, exploring the query even if the ecu neighborhood can very likely study from the yankee event.