During the last three decades, the importance of cross-border mergers and acquisitions (M&As) as a favourite top-level managerial strategy of multinational enterprises (MNEs) and national champions has increased significantly. The global value of cross-border M&As has grown from around USD 100 billion in 1990 to USD 815 billion in 2018, peaking in 2007 with over USD 1 trillion just before the outbreak of the global financial crisis. This development is not surprising, since the ongoing globalization and the changing global market landscape lead to more complex challenges for companies. In order to face the increasing intensity of competition that accompanies the global integration of markets, cross-border M&As constitute an appropriate way of maintaining competitiveness and creating added value. The acquisition of pre-existing foreign assets enables MNEs not only to exploit synergies and growth opportunities but also to overcome latecomer disadvantages. In addition, M&As offer a time advantage over organic growth strategies such as greenfield investments, which is particularly important considering the dynamic market conditions and the shortening product life cycles. This thesis examines the research question of which country-specific factors determine the volume of inbound cross-border M&As in developing economies. In general, the choice of a cross-border acquisition as an entry mode into a foreign market is influenced by three types of factors: (1) firm-specific factors such as prior acquisition experience, product diversity and core competences; (2) industry-specific factors such as technological, sales and marketing intensity; and (3) country-specific factors such as market size and institutional quality. While firm- and industry-specific factors also play a role in domestic M&As, country-specific factors are a peculiarity in cross-border M&As. According to the research question, the aim of this thesis is to identify country-specific factors that represent determinants. On the one hand, findings on country-specific determinants might be helpful to explain why some countries (e.g. China) receive more cross-border M&As than others (e.g. India). On the other hand, the results reveal which interests transnational companies pursue and how they change. Drawing on this evidence, policy makers and companies may be able to influence the determining factors in order to stimulate or impede inbound investments in form of M&As.
Thus Spoke Zarathustra, Beyond Good and Evil, Ecce Homo, Genealogy of Morals, Birth of Tragedy, The Antichrist, The Twilight of the Idols, The Case of Wagner, Letters & Essays
Thus Spoke Zarathustra, Beyond Good and Evil, Ecce Homo, Genealogy of Morals, Birth of Tragedy, The Antichrist, The Twilight of the Idols, The Case of Wagner, Letters & Essays
This carefully crafted collection is formatted for your eReader with a functional and detailed table of contents: Beyond Good and Evil The Genealogy of Morals The Birth of Tragedy or, Hellenism And Pessimism The Antichrist Thus Spake Zarathustra: A Book for All and None The Case of Wagner The Twilight of the Idols The Will to Power (Vol. 1&2) The Gay Science or, The Joyful Wisdom We Philologists Ecce Homo: How One Becomes What One Is The Greek State The Greek Woman On Music and Words Homer's Contest The Relation of Schopenhauer's Philosophy to a German Culture Philosophy During the Tragic Age of the Greeks On Truth and Falsity in Their Ultramoral Sense Collected Letters Friedrich Nietzsche (1844–1900) was a German philosopher, poet and Latin and Greek scholar whose work has exerted a profound influence on Western philosophy and modern intellectual history. Because of Nietzsche's evocative style and provocative ideas, his philosophy generates passionate reactions. His works remain controversial, due to varying interpretations and misinterpretations of his work. In the Western philosophy tradition, Nietzsche's writings have been described as the unique case of free revolutionary thought, that is, revolutionary in its structure and problems, although not tied to any revolutionary project. Some prominent elements of his philosophy include his genealogical critique of religion and Christian morality; the related theory of master–slave morality; the characterization of the human subject as the expression of competing wills, collectively understood as the will to power; and influential concepts such as the Übermensch and the doctrine of eternal return.
What is the effect of carbon pricing on inflation? This paper shows empirically that the consequences of the European Union’s Emission Trading System (ETS) and national carbon taxation on inflation have been limited in the euro area, so far. This result is supported by analysis based on a panel local projections approach, as well as event studies based on individual countries. Our estimates suggest that carbon taxes raised the price of energy but had limited effects on overall consumer prices. Since future climate policy will need to be much more ambitious compared to what has been observed so far, including the need for larger increases in carbon prices, possible non-linearities might make extrapolating from historical results difficult. We thus also use input-output tables to simulate the mechanical effect of a carbon tax consistent with the EU’s ‘Fit-for-55’ commitments on inflation. The required increase of effective carbon prices from around 40 Euro per ton of CO2 in 2021 to around 150 Euro by 2030 could raise annual euro area inflation by between 0.2 and 0.4 percentage points. It is worth noting that the energy price increases caused by the rise in the effective carbon price to 150 Euro is substantially smaller than the energy price spike seen in 2022 following the invasion of Ukraine.
The Imitatio Christi is considered one of the classic texts of Western spirituality. In this pioneering study, the reasons for the remarkable longevity of the Imitatio across geographical, chronological, linguistic and confessional boundaries is explored. Concentrating on English, French, German and Latin editions of the Imitatio, it offers a comprehensive survey of the process of translation and its impact and contribution to religious culture. It provides a fresh analysis of spirituality and devotion within their proper medieval and early modern context, and demonstrates that spirituality was not a peripheral dimension of the Reformation religion, but continues to remain at the heart of both Catholic and Protestant self-perception and identity.
This book discusses the state-of-the-art developments in multi-slice CT for cardiac imaging as well as those that can be anticipated in the future. It is a comprehensive work covering all aspects of this technology from the technical fundamentals to clinical indications and protocol recommendations. This second edition draws on the most recent clinical experience obtained with 16- and 64-slice CT scanners by world-leading experts. The book also has chapters on area-detector CT and the brand new dual-source CT.
This book explores Hobbes’s ideas about the internal pacification of states, the prospect of a peaceful international order, and the connections between civil and international peace. It questions the notion of a negative Hobbesian peace, which is based on the mere suppression of violence, and emphasises his positive vision of everlasting peace in a well-governed commonwealth. The book also highlights Hobbes’s ideas about international coexistence and cooperation, which he considers integral to good government. In examining Hobbes’s conception of peace, it provides a fresh perspective on his international political thought. The findings also have wider implications for the ways in which we think about Hobbes’s relationship to the realist and liberal traditions of international thought, and will appeal to students and scholars of political theory and international relations.
El congreso Discrete Mathematics Days (DMD20/22) tendrá lugar del 4 al 6 de julio de 2022, en la Facultad de Ciencias de la Universidad de Cantabria (Santander, España). Este congreso internacional se centra en avances dentro del campo de la Matemática discreta, incluyendo, de manera no exhaustiva: · Algoritmos y Complejidad · Combinatoria · Teoría de Códigos · Criptografía · Geometría Discreta y Computacional · Optimización Discreta · Teoría de Grafos · Problemas de localización discreta y temas relacionados Las ediciones anteriores de este evento se celebraros en Sevilla (2018) y Barcelona (2016), estos congresos heredan la tradición de las Jornadas de Matemática Discreta y Algorítmica (JMDA), el encuentro bienal en España en Matemática Discreta (desde 1998). Durante la celebración del congreso tendrán lugar cuatro conferencias plenarias, cuarenta y dos presentaciones orales y una sesión de once pósteres. Abstract The Discrete Mathematics Days (DMD20/22) will be held on July 4-6, 2022, at Facultad de Ciencias of the Universidad de Cantabria (Santander, Spain). The main focus of this international conference is on current topics in Discrete Mathematics, including (but not limited to): Algorithms and Complexity Combinatorics Coding Theory Cryptography Discrete and Computational Geometry Discrete Optimization Graph Theory Location and Related Problems The previous editions were held in Sevilla in 2018 and in Barcelona in 2016, inheriting the tradition of the Jornadas de Matemática Discreta y Algorítmica (JMDA), the Spanish biennial meeting (since 1998) on Discrete Mathematics. The program consists on four plenary talks, 42 contributed talks and a poster session with 11 contributions.
The Imitatio Christi is considered one of the classic texts of Western spirituality. There were 800 manuscript copies and more than 740 different printed editions of the Imitatio between its composition in the fifteenth century and 1650. During the Reformation period, the book retained its popularity with both Protestants and Catholics; with the exception of the Bible it was the most frequently printed book of the sixteenth century. In this pioneering study, the remarkable longevity of the Imitatio across geographical, chronological, linguistic and confessional boundaries is explored. Rather than attributing this enduring popularity to any particular quality of universality, this study suggests that its key virtue was its appropriation by different interest groups. That such an apparently Catholic and monastic work could be adopted and adapted by both Protestant reformers and Catholic activists (including the Jesuits) poses intriguing questions about our understanding of Reformation and Counter Reformation theology and confessional politics. This study focuses on the editions of the Imitatio printed in English, French, German and Latin between the 1470s and 1650. It offers an ambitious and comprehensive survey of the process of translation and its impact and contribution to religious culture. In so doing it offers a fresh analysis of spirituality and devotion within their proper late medieval and early modern contexts. It also demonstrates that spirituality was not a peripheral dimension of religion, but remains at the very heart of both Catholic and Protestant self-perception and identity.
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