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... can amplify or reduce the performance from foreign market penetration in the context of elect... of exports and imports, and in capital flows such as inward and outward foreign direct investme... added packaging, test, and assembly operations to chip design and fabrication steps, with industr... it possible for firms to obtain increased cash-flow, which enables upgrading of their technologic...
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CONTENTS. Editorial News From the Locked Box Distressed M&A: Swap of Debt for E... as follows: base purchase price plus cash less financial debt plus excess or less shortfall ... target companies using the discounted-cash-flow method and/or an enterprise- value multiple, such ... registration as commencing business operations. Therefore, in order to avoid the risk of illegall...
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... creditors when firms' international operations become overly complicated. . Keywords: Foreign dir...Multinational corporations (MNCs) benefit from geographical diversification through economies of ... to investors through their accumulation of cash flows from imperfectly correlated markets (Rugman ...
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.... From a theoretical framework anchored in the resource-b...2008). Thus, knowledge tends to flow to those units that frequently share their knowled... year in which the subsidiary started operations for the parent firm from 2009, for subsidiary loca...* PERFPROFIT: Profit . * PERFCF: Cash Flow . Inter-Subsidiary Knowledge Asset Transfer (...
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This paper sets out to propose the techniques that enable corporations to develop and to implement robust strategies under conditions of severe uncertainty. Through the correction of the traditional definition of stakeholders I found the general algorithm for achieving robustness in corporate strategies. This algorithm includes: (1) the clear definition of a limited set of the types of stakeholders, (2) the simplification of the sets of stakeholders' claims and discovery of intrinsic benefits common for all stakeholders of a particular type, (3) defining the space of acceptance of corporate performance for each type of stakeholders, (4) finding a non-empty intersection of such spaces for all types of stakeholders. The use of these techniques is illustrated by the new strategy of LUKOIL ...
... the corporation robust? The solution comes from a partial revision of stakeholder theory. In my vi..." capital that helps to start the operations and latter this capital investment should be repro...* The volume of accumulated free cash flow should grow by four times (LUKOIL 2009a). Add...
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... planning agency (STA) helped the transition from the level of theoretical and ideologically driven ... consultation mechanism and continuous flow of information. . One of the difficulties in achie... for tight co-ordination with the daily operations of the Municipal Police (something that to date ha... accordingly the quality of life; ii) its own cash flow, mainly coming from parking charges; iii) a s...
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This article describes the transition of MOL, the Hungarian Oil and Gas Company, from a state-owned enterprise to a privately owned regional-multinational company and outlines its growth to become a leading player in the CEE region. It also illustrates how the company went through the internal restructuring process before and during its acquisition period. Over three distinct development phases it then emerged as a new species in the CEE, as a "regional multinational". The case also gives valuable strategic insights into the oil industry of the majority of CEE countries.
... influence can still be seen in MOL' s operations. MOL growth phases. After its foundation MOL has g... as the Hungarian government were hungry for cash and therefore particularly eager to privatize for ... in terms of procedures, information flowcharts. Planning period is described as continuous proces...
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This paper explores the dynamics in strategic alliances between small and medium sized enterprises (SMEs) and large organisations (corporates). Despite the volumes written on this subject, few studies take into account this context of interorganisational relationships. The dynamics in strategic partnerships between small and large organisations are potentially multifaceted and fraught with complexities and contradictions. The partner organisations bring diverse interests and resources to the strategic partnerships and these affect the dynamics of their relationships. Using the literature on strategic alliances, this article examines four such strategic partnerships in New Zealand. Results show that in order to increase the likelihood of successful collaboration, the alliance partners mu...
... example, reports that almost 80% of managers from small firms felt unfairly exploited by their large... between the large organisation, where cash flow is not a problem, and SME, where managing cas... beneficial to their own company, the Operations Manager at Dairy Inc is not aware of the beneficia...
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... that the taxpayer has deliberately deviated from the arm's length principle, then the tax auditor m... the value contribution of the German operations. . The taxpayer has to choose the most appropriate... form of a set number of shares rather than cash are exercised at the stock exchange value of the s... of debt from business-generated cash flow. The Court was also able to leave open the questio...
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... but also opportunities to benefit most from the changes of dividend taxation. . Germany's new ... tax planning for a cross-border dividend flow from a German subsidiary to a foreign corporate sh...due to losses incurred in 1999 or 2000), a cash contribution made prior to December 31, 2000 by a ... the case of German subsidiary banking operations. In such a case, the superdividend will be resolve...