Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Computer Engineering
Cobol Cripples The Mind!: Academia And The Alienation Of Data Processing, Neel Shah
Cobol Cripples The Mind!: Academia And The Alienation Of Data Processing, Neel Shah
Swarthmore Undergraduate History Journal
This paper writes a social history of the programming language COBOL that focuses on its reception in academia. Through this focus, the paper seeks to understand the contentious relationship between data processing and the academy. In historicizing COBOL, the paper also illuminates the changing nature of the academy-industry-military triangle that was a mainstay of early computing.
Is Tech M&A Value-Additive?, Ani Deshmukh
Is Tech M&A Value-Additive?, Ani Deshmukh
Undergraduate Economic Review
Given rising M&A deal volume across all high-tech subsectors, the ability to measure post-acquisition performance becomes critical. Despite this growth, the relevant academic literature is severely lacking (Kohers and Kohers 2000). Using an event-study approach, I find that acquirers and targets both realize statistically significant day-0 abnormal returns (1.23% [p<0.1] and 8.1% [p<0.01], respectively). As positive stock returns signal positive growth prospects in a semi-strong efficient market, AR regressions found that firms' technological relatedness, deal financing, purchase price premiums, and the relative book to market ratio, explained most variance. Overall, high-tech transactions are value-additive for both targets and acquirers.