• Journal of Information Technology Services
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• v.10 no.4
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• pp.67-81
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• 2011

Recently, Mergers and Acquisitions (M&A) have become increasingly popular in the last few decades, and overseas' M&A are particularly increasing to sharpen corporate competitiveness on a global scale. Previous studies showed that one of the main reasons attributes to failures of mergers was the lack of attention to merging information systems. In recent years, both academy and industry have more focused on Post-Merger Integration (PMI) and the integration of information systems (IS) between two companies is one of the critical success factors of corporate. This paper focused on Post-Merger IT (Information Technology) Integration Methodology of Cross-Border M&A. We followed a single-site qualitative case study method in order to investigate the type of phenomenon in M&A's natural setting. Moreover, we examined a typical energy and power company case in order-based industry, so that other industry players may have different results to determine post-merger IT integration method and scope.

• Korean Journal of Comparative Education
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• v.23 no.5
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• pp.53-75
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• 2013

This article explores the impact of mergers on the experiences of students. A case design is used to gain an in-depth understanding of the students in a Korean university that was combined with a two-year college in 2007. Semi-structured interviews of 11 direct entrants, 5 transfer students, and 7 professors were conducted in 2010 for the data collection. The results suggest that mergers do not necessarily ensure the integration of the students involved. Since mergers pose enormous challenges to both transfer students and direct entrants, university leaders need to give careful attention to students' persistence and integration as the campus changes. The results also reveal that students' experience of mergers may be affected by cultural backgrounds as well as the hierarchical structure of higher education. In Korean society, where credentialism prevails, mergers can have different impacts on students who come from initial institutions of differing perceived quality, and thus mergers may incite tension among the students. In light of these concerns, this study's findings highlight the importance of student integration as a key element in mergers.

• The Bulletin of The Korean Astronomical Society
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• v.39 no.2
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• pp.89-89
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• 2014

While the current consensus view holds that galaxy mergers are commonplace, it is sometimes speculated that Globular Clusters (GCs) may also have undergone merging events, possibly resulting in massive objects with a strong metallicity spread such as Omega Centauri. Galaxies are mostly far, unresolved systems whose mergers are most likely wet, resulting in observational as well as modeling difficulties, but GCs are resolved into stars that can be used as discrete dynamical tracers, and their mergers might have been dry, therefore easily simulated with an N-body code. It is however difficult to determine the observational parameters best suited to reveal a history of merging based on the positions and kinematics of GC stars, if evidence of merging is at all observable. To overcome this difficulty, we investigate the applicability of supervised and unsupervised machine learning to the automatic reconstruction of the dynamical history of a stellar system. In particular we test whether statistical clustering methods can classify simulated systems into monolithic versus merger products. We run direct N-body simulations of two identical King-model clusters undergoing a head-on collision resulting in a merged system, and other simulations of isolated King models with the same total number of particles as the merged system. After several relaxation times elapse, we extract a sample of snapshots of the sky-projected positions of particles from each simulation at different dynamical times, and we run a variety of clustering and classification algorithms to classify the snapshots into two subsets in a relevant feature space.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.49-58
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• 2020

This paper examines the impact of mergers on the financial performance of the Jordanian banking sector. This paper applies the financial approaches in analysing the effects of mergers on Jordanian banks' performance for two the periods: four years pre-merger and four years' post-merger for the period from 2001 to 2009. The sample of the study solely contains the case of the merger of the Jordan Ahli Bank (AHLI bank) with Philadelphia Bank in 2005. Data are tested for normality using the Shapiro-Wilk Test and Kolmogorov Smirnov test. The financial ratios and a statistical technique as a Mann-Whitney U test were used to assess the significant differences in the financial performance of the selected banks pre- and post-merger by investigating the performance-related financial ratio groups that are expressed by leverage, liquidity, efficiency, and cash flow ratio. The results show that there is an insignificant improvement in the ratios of AHLI bank in the period after the merger, except for the superior result provided by this study indicating that the leverage ratios improved significantly. The reason for the insignificant improvement in financial ratios may be that the post-merger period corresponds to the period of the global financial crisis that began in 2007.

• Management & Information Systems Review
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• v.35 no.4
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• pp.79-98
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• 2016

A large number of Chinese enterprises have grown up and become increasingly competitive. Chinese firms have ventured abroad to search for new sources of growth. Overseas mergers and acquisitions of Chinese companies has been developed rapidly through extensive opening policy and active support system by government. The main purpose of this study is to identify the factors that affect the outcomes of overseas mergers and acquisitions made by Chinese firms in recent years, particularly, financial performance of the acquiring firms. This study aims to analyze systematically financial performance and its determinants of Chinese overseas M&A in recent years. This study chooses a sample of 167 overseas mergers and acquisitions in the manufacturing industry in China and the relevant data were collected during the period 2006 to 2012. The data were analyzed by using a multiple regression analysis to identify determinants of corporate performance. We showed that cultural distance, past performance, state ownership, and interaction between cultural distance and past performance. Findings of this study can provide useful guidance to outward Chinese M&A in the future.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.678-681
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• 2007

There is an increment in Mergers and Acquisitions(M&A) case in international construction market. The world best construction corporations are now merging or acquiring with other companies in variety fields to increase their share of the market in diversified markets and boost their sales. Similarly, M&A cases of Korean construction corporations are now increasing. Although M&A cases are now rapidly increasing, performances of M&A cases haven't been measured. With Economic Value Added technique, the M&A performances of Korean construction corporations are measured in this study.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.99-109
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• 2022

The main reason for the increase in cross-border mergers and acquisitions in developed and emerging countries is globalization and growing economic interdependence across countries. The state of the economy has a significant impact on whether cross-border mergers and acquisitions are encouraged or discouraged by international strategic capital market changes. This study empirically evaluates the influence of determinants of economic development on the scale effect of Cross Border M&As separately on emerging and developed nations as a research gap. We first separated the small and large scale firms based on companies' worth and used panel regression to analyze the impact of GDP, employment rate, and market capitalization on cross-border merger & acquisition deals over the period of 2008-2018. Results indicate that GDP and market capitalization have a positive effect on CBM&A, whereas employment rate has a negative effect on CBM&A deals in large-scale firms of both emerging and developed countries. This study results offer the implication for the potential investors and policymakers to strategically analyze the implementation of cross-border mergers & acquisitions.

• Journal of the Korean Geographical Society
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• v.45 no.1
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• pp.119-143
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• 2010

Local administrative districts in Japan have extensively reformed over the last 10 years and have decreased by 40 percent. This study examines the process of the municipal mergers in Japan from the perspective of the politics of space, in addition to a focus on the formation of Tobichi (enclaves). The background and progress of municipal mergers in Japan revealed that the reformation of administrative districts progressed under 'restruction' rather than 'decentralization' to manage a financial crisis of government. As a result, the municipal mergers of Japan have progressed in spatiotemporal inequality. The municipal mergers of the study areas are analyzed in multi-dimensional spatial politics composed of financial and demographic properties, locationality, territoriality, placeness, and the politics of decision making. Administrative districts have a spatial property; the reformation of them should be considered with the specialty and generality of the region.

• Journal of The Korean Astronomical Society
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• v.37 no.5
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• pp.583-587
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• 2004

With the aim to investigate the statistical properties and the connection between thermal and non-thermal properties of the ICM in galaxy clusters, we have developed a statistical magneto-turbulent model which describes, at the same time, the evolution of the thermal and non-thermal emission from galaxy clusters. In particular, starting from the cosmological evolution of clusters, we follow cluster. mergers, calculate the spectrum of the magnetosonic waves generated in the ICM during these mergers, the evolution of relativistic electrons and the resulting synchrotron and Inverse Compton spectra. We show that the broad band (radio and hard x-ray) non-thermal spectral properties of galaxy clusters can be well accounted for by our model for viable values of the parameters (here we adopt a EdS cosmology).

• The Bulletin of The Korean Astronomical Society
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• v.44 no.1
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• pp.49.2-49.2
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• 2019

Clusters of galaxies shape up through a series of hierarchical mergers. It is believed that major mergers lead to cluster-wide shock waves, which are manifested as radio relics. The 1RXS J0603.0+4213 and CIZA J2242.8+5301 clusters, for instance, contain Mpc-size giant radio relics in the outskirts. Synchrotron emission from these radio relics reveals the presence of relativistic electrons and the magnetic fields of a few ${\mu}G$ strength. The presence of such magnetic fields in the ICM has been explained by the so-called small-scale turbulent dynamo. To get quantitative measures for magnetic fields in clusters of galaxies, we investigate the development of turbulence and the follow-up amplification of magnetic fields through three-dimensional numerical magnetohydrodynamical (MHD) simulations. The turbulence is induced in highly stratified cluster media, and driven sporadically by major mergers. We here present the results, aiming to answer whether the turbulence dynamo scenario can explain the observed strength and scale of magnetic fields in clusters. Also, we discuss whether the observed properties of giant radio relics can be reproduced in our simulations.