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Full-Text Articles in Business
Product Market Competition And Corporate Mergers And Acquisitions, Yen-Chih Liu
Product Market Competition And Corporate Mergers And Acquisitions, Yen-Chih Liu
Theses and Dissertations in Business Administration
Conventional models assume competition improves corporate efficiency as firms strive to outperform competitors. In the context of agency models, the link between competition and managerial behavior becomes fuzzy. Hart (1983) and Schmidt (1997) posit that competition reduces managerial slack. Scharfstein (1988) argues that competition might increase managerial shirking. Recent studies on the relation between managerial compensation and competition further document conflicting evidence. In this study, I examine the effect of product market competition on corporate mergers and acquisitions. My initial results suggest that the definition of competition is critical in evaluating corporate mergers and acquisitions. Using three new dimensions (product …
An Integrated Probability-Based Approach For Multiple Response Surface Optimization, Okay Isik
An Integrated Probability-Based Approach For Multiple Response Surface Optimization, Okay Isik
Engineering Management & Systems Engineering Theses & Dissertations
Nearly all real life systems have multiple quality characteristics where individual modeling and optimization approaches can not provide a balanced compromising solution. Since performance, cost, schedule, and consistency remain the basics of any design process, design configurations are expected to meet several conflicting requirements at the same time. Correlation between responses and model parameter uncertainty demands extra scrutiny and prevents practitioners from studying responses in isolation. Like any other multi-objective problem, multi-response optimization problem requires trade-offs and compromises, which in turn makes the available algorithms difficult to generalize for all design problems. Although multiple modeling and optimization approaches have been …