scholarly journals Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry

2015 ◽  
Vol 105 (7) ◽  
pp. 2086-2119 ◽  
Author(s):  
Serguey Braguinsky ◽  
Atsushi Ohyama ◽  
Tetsuji Okazaki ◽  
Chad Syverson

We explore how changes in ownership affect the productivity and profitability of producers. Using detailed data from the Japanese cotton spinning industry at the turn of the last century, we find that acquired firms' production facilities were not on average less physically productive than the plants of the acquiring firms before acquisition. They were much less profitable, however, due to higher inventory levels and lower capacity utilization—differences that reflected problems in managing the uncertainties of demand. After acquisitions, less profitable acquired plants saw drops in inventories and gains in capacity utilization that raised both their productivity and profitability levels. (JEL D24, G32, G34, L11, L25, L66, N65)

2013 ◽  
pp. 130-151 ◽  
Author(s):  
A. Muravyev

In this paper we attempt to classify Russian journals in economics and related disciplines for their scientific significance. We show that currently used criteria, such as a journal’s presence in the Higher Attestation Committee’s list of journals and the Russian Science Citation Index (RSCI) impact factor, are not very useful for assessing the academic quality of journals. Based on detailed data, including complete reference lists for 2010—2011, we find significant differentiation of Russian journals, including among those located at the top of the RSCI list. We identify two groups of Russian journals, tentatively called category A and B journals, that can be regarded as the most important from the viewpoint of their contribution to the economic science.


Author(s):  
Yu.F. Karabanov ◽  
◽  
A.S. Pecherkin ◽  
V.A. Tkachenko ◽  
V.I. Sidorov ◽  
...  

Author(s):  
A.I. Grazhdankin ◽  
◽  
A.S. Pecherkin ◽  
E.A. Samuseva ◽  
N.L. Razumnyak ◽  
...  

GIS Business ◽  
2016 ◽  
Vol 11 (5) ◽  
pp. 01-13
Author(s):  
Simon Yang

This paper examines the relative sensitivity of CEO compensation of both acquiring and acquired firms in the top 30 U.S. largest corporate acquisitions in each year for the period of 2003 to 2012. We find that total compensation and bonus granted to executive compensation for acquired companies, not acquiring companies, are significantly related to the amount of acquisition deal even after the size and firm performance are controlled for. Both acquiring and acquired CEOs are found to make the significantly higher compensation than the matched sample firms in the same industry and calendar year. We also find that executives with higher managerial power, as measured by a lower salary-based compensation mix, prior to a corporate acquisition are more likely to receive a higher executive pay in the year of acquisition. The association between executive compensation and managerial power seems to be stronger for acquired firms than for acquiring firms in corporate acquisition. Overall, our findings suggest that corporate acquisition has higher impacts on executive compensation for acquired firm CEOs than for acquiring firm CEOs.


2011 ◽  
Vol 45 ◽  
pp. 32-49
Author(s):  
R. M. Gogorev ◽  
Z. V. Pushina

The richest diatom complexes have revealed due to the study of glacial-marine sediments sampled in the Fisher Massif (Prince Charles Mountains, East Antarctica) during 52nd and 53rd Russian Antarctic Expeditions (Polar Marine Geol. Survey Expedition) in 2006/07 and 2007/08. Three diatom complexes are distinguished according to different palaeoecological conditions: the planktonic one is located in the basis of the outcrop, while mixed planktonic-benthic and benthic ones being located above. The planktonic diatom complexes are dominated by two oceanic species Actinocyclus ingens (up to 8%) and Denticulopsis simonseni (up to 80%). There are 15 planktonic algae, e. g. Eucampia аntarctica, Fragilariopsis spp., Rhizosolenia spp., Rouxia antarctica, Podosira antarctica sp. nov., Stellarima microtrias; and also unknown and non-described benthic diatoms Achnanthes sp., Cocconeis spp., Rhabdonema (s. l.) spp. and Synedra (s. l.) spp. Detailed data on morphology and taxonomy of 10 centric diatoms are presented, including 3 newly described species.


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