{"title":"The Effects of International Mergers and Acquisitions on Innova tive Financial Performance for the Higher Education Industry","authors":"Karina Kasztelnik","doi":"10.2139/ssrn.3853129","DOIUrl":"https://doi.org/10.2139/ssrn.3853129","url":null,"abstract":"Research indicates that 45% t<br>o 75% of mergers throughout all in<br>dustrial sectors fail. The <br>literature indicates i<br>ncreasing rates for hi<br>gher education inst<br>itution (HEIs) mergers. Researchers <br>do not share common definitions of success for HEI mergers. One<br> common and generally <br>accepted definition for HEI succe<br>ss does exist through world cl<br>ass university ranking <br>organizations lists of top HEIs<br>. This study utilized WCU rankin<br>g criteria and found that HEIs are <br>ranked based upon research strength, teaching quality, and glob<br>al outlook to determine HEI <br>rankings. This study adapted repre<br>sentative metrics used by the<br>se ranking organizations which <br>served as the DVs in this study. T<br>he study adopted the Event St<br>udy theoretical framework to <br>serve as the lens to evaluate <br>the data and utilized a quantitat<br>ive methodology with a causal-<br>comparative research design. Data was obtained from the IPEDS d<br>atabase. The study utilized <br>time as the within-subjects IV<br> represented by Period 1 and Peri<br>od 2 measures beginning the year <br>of merger and 5 years subsequent t<br>o the merger. The between-sub<br>jects IV was merger status. The <br>study sample included 80 HEI<br>s which merged between 1988 - 2013 <br>and 80 matching pair non-<br>merging HEIs. The study used a two-way mixed design ANOVA to an<br>swer the following three <br>research questions: “Are there i<br>nteraction effects between time<br> and merger status upon the DVs <br>of revenues, fall en<br>rollment rates, and nonr<br>esident alien rates<br>?” The study found no statistically <br>significant main effects between <br>time and merger status upon re<br>venues and nonresident alien <br>rates and a statistically si<br>gnificant effect upon fall enrollme<br>nt rates.","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121968122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corporate Governance and Control: The Board’s Role in M&A","authors":"A. Sherman, N. Rosenberg","doi":"10.1142/9789813277427_0005","DOIUrl":"https://doi.org/10.1142/9789813277427_0005","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115012631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Valuation of Privately Held Firms: Methodologies and Applications for M&As","authors":"Alina V. Niculita","doi":"10.1142/9789813277427_0008","DOIUrl":"https://doi.org/10.1142/9789813277427_0008","url":null,"abstract":"This chapter follows the general process of valuing a privately held business and it discusses five broad steps of the valuation process…","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114639254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tax Aspects of M&A","authors":"Peter F. De Nicola, R. Gordon","doi":"10.1142/9789813277427_0010","DOIUrl":"https://doi.org/10.1142/9789813277427_0010","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117001783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leveraged Buyouts (LBOs): The Financial Engineering of Transactions and Evolution of LBOs","authors":"Chris Droussiotis","doi":"10.1142/9789813277427_0011","DOIUrl":"https://doi.org/10.1142/9789813277427_0011","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126638113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Bankruptcy Reorganization and its Implications on M&As in the European Union","authors":"Heike Luecke","doi":"10.1142/9789813277427_0015","DOIUrl":"https://doi.org/10.1142/9789813277427_0015","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124609094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Valuation Methods and Practices for M&As","authors":"Harvey A. Poniachek","doi":"10.1142/9789813277427_0007","DOIUrl":"https://doi.org/10.1142/9789813277427_0007","url":null,"abstract":"The following sections are included:IntroductionThe Income ApproachWhen Beta is Unavailable: Unlevered and Relevered BetasThe Dividend Discount Model: An Alternative to CAPMThe Adjusted Present Value (APV)Flow to Equity (FTE)The Market ApproachAsset-Based ValuationSummary","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116387453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Postmerger Integration: Lessons from Experience and Research in Successful Corporations","authors":"S. Hofmeyer","doi":"10.1142/9789813277427_0016","DOIUrl":"https://doi.org/10.1142/9789813277427_0016","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127088529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Legal and Regulatory Framework of the M&A Market","authors":"Harvey A. Poniachek","doi":"10.1142/9789813277427_0004","DOIUrl":"https://doi.org/10.1142/9789813277427_0004","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128287017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Accounting for M&As","authors":"Harvey A. Poniachek","doi":"10.1142/9789813277427_0009","DOIUrl":"https://doi.org/10.1142/9789813277427_0009","url":null,"abstract":"","PeriodicalId":187498,"journal":{"name":"Mergers & Acquisitions","volume":"387 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133433329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}