COmpetence
PROFESSIONALISM
DEVOTION
Tailor-made strategies at entrepreneurs service.
The entrepreneur is a necessary community figure, since with its own risk, stimulates creation of goods and services useful to society.
A VIRTUOUS CIRCLE
A search started from the reflection on models and the metaphor of complexity, to develop new methodologies of strategy, finance, processes, creation and development.
M&A ENCYCLOPEDIA
Financial Synergy
The next topic in our Merger Strategy chapter is all about Financial Synergy. The financial synergy is all about the impact of a business merger or acquisition on the costs of capital to the acquiring firm or the combined partners.
The costs of the capital may be decreased significantly depending on the level to which financial synergy exists in a corporate...
Operating Synergy
Synergy is often used in the physical sciences. If two substances or influences combine to create a much greater impact together. What we refer to as synergy is the reaction to that merger. The effect of the merger must be greater than the sum of both factors or substances operating independently.
In business, synergy is simply the 1 + 1 = 3 effect. It is where...
Is Growth or Increased Return the More Appropriate Goal?
Without a doubt, the achievement of growth is a company’s management and board’s major goal. However, it must be guaranteed by managers that growth is also what would generate good returns for shareholders. Sometimes, management should keep their company at a stable size while generating good returns, but choose to go with aggressive growth instead. Boards should always...
M&A Research: Event Studies
Most empirical studies utilize the statistical method called event studies.
Event analysis is conducted to evaluate and quantify the impact of a major catalyst incident or event on a company’s market value. Although it is mostly used in empirical financial research, experts in other disciplines, Such as accounting, management, and forensic economics have also been...