摘要:

For those striving to create good companies it would at least be helpful to be able to identify them. While the very best companies usually perform well under any measure of corporate success, most conventional measures stack the odds in favour of certain companies over others. Capital intensity and gearing frequently interfere in the appropriate ranking of firms. This paper analyses some of the problems of commonly quoted performance indicators, and nominates an alternative.

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00007.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

In this paper, Paul Geroski and Anastassios Vlassopoulos review recent European merger activity in the light of 1992, and draw two major conclusions. First, cross‐border European mergers have increased over the last five years, adding up to nearly 30 per cent of the total number of mergers by European Community firms in 1988. Second, although the big British acquisitions are still taking place in America, UK firms have changed their behaviour in 1989, acquiring more European Community firms than American one

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00008.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

Mergers and acquisitions are a major fact of corporate life in Britain and the US: not so in Japan. The reason is a very different approach to human resource management. Businesses, to the British, are something to be bought and sold like commodities. To the Japanese they are places for people to work together. As a result hostile takeovers are virtually unknown in Japan. Mergers and acquisitions are however, used when internal expansion is found to be inefficient, in particular to diversify into new areas of business. The threat of hostile takeover—the so‐called “market for corporate control”—is often regarded as an important spur to corporate efficiency in Britain and the US. The Japanese management system provides incentives of a different nature. Thus the Japanese emphasise a long term view of companies’ growth. They value internal expansion through innovation and capital investment. And they undertake extensive training as part of a long term company worker r

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00009.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

What is a brand name worth, and how can it be valued? These questions have always been asked by company analysts and have recently also been the concern of accountants. In this contribution to the ‘brands debate’, Patrick Barwise and his co‐authors set out the current state of our knowledge on brands: do they last, are they stable and can their value be separated from those of other intangible assets? The authors have little doubt that brand names have an economic value, but find that attaching precise numbers to these valuations can be fraught with difficu

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00010.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

It has become almost a conventional wisdom that high quality is an essential route to high profits. In this article Evan Davis shows that the truth is likely to be more complicated. The large profits that accrue to high quality producers are usually rewarding some inimitable production skill, or are reflecting the faith that customers have in the reputation of the producer to deliver a quality product in a market where quality is hard to monitor. For producers that do not have special skills, or who have no easy means of acquiring a reputation, the benefits of high quality positioning may not be great.

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00011.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY

摘要:

A company with a significant technology lead over its rivals cannot afford to be complacent about its position. In this article, Filippo Dell'Osso contrasts the case of Glaxo's Zantac — a massively successful drug representing only a modest technological advance — with EMI's CAT scanner, a massive technological advance of limited commercial benefit to EMI. In order to be fully exploited, a technology advantage needs to be complemented by the development of other corporate ass

ISSN:0955-6419    

DOI:10.1111/j.1467-8616.1990.tb00012.x

出版商:Blackwell Publishing Ltd    

年代:1990

数据来源: WILEY