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Supply chain management(163)
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Sort articles by: Volume | Date | Most Rates | Most Views | Reviews | Alphabet
1.

The effect of acquisitions on firm performance: Evidence Tehran Stock Exchange Pages 93-102 Right click to download the paper Download PDF

Authors: Farhad Hanifi, Shahram Vahedi

DOI: 10.5267/j.ac.2016.3.001

Keywords: Mergers, Acquisitions, Return on equity, Return on asset, Financial and strategic acquisitions

Abstract:
Nowadays, mergers and acquisitions are stated as favorable strategies and as free flows of capital applied by managers for the optimal implementation of resources and assets. Acquisition is associated with a condition where two businesses are placed under one shelter and are run like members of a group or are merged as a single corporate. In mergers, two businesses are combined in a new form based on the mutual interests of both parties. The shares of the two businesses are usually exchanged so that they could take part in the new business as shareholders. In acquisition, a business begins to control another business effectively by purchasing parts of its ownership. The present study explored the impact of acquisition on performance of Iranian target companies listed in Tehran Stock Exchange. The results of testing research hypotheses showed that performance of target companies did not significantly increase after acquisition, suggesting a decreasing trend in the performance of the target companies after acquisition compared with the period before acquisition.
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Journal: AC | Year: 2016 | Volume: 2 | Issue: 3 | Views: 1763 | Reviews: 0

 
2.

Oil price shocks and stock market returns Pages 103-108 Right click to download the paper Download PDF

Authors: Maryam Orouji

DOI: 10.5267/j.ac.2016.2.005

Keywords: Oil price, Volatility, Stock market

Abstract:
During the past few months, there has been a steady downside trend on oil price. From summer, 2015 to winter, 2016, the oil price has declined to the $20 range. Its rate of decline is amazing, having lost $10, one third of its value, in just one month. This paper presents a survey on recently published studies on relationship between oil price and stock market. The study covers several studies on the effects of oil price on China, India, Lebanon, United States and some other G7 stock markets. We also review the effects of oil price volatility on stock market. The results of most studies have indicated some strong relationships between oil price volatility and stock market return.
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Journal: AC | Year: 2016 | Volume: 2 | Issue: 3 | Views: 2725 | Reviews: 0

 
3.

Bilateral trade and economic growth of China and India: A comparative study Pages 117-128 Right click to download the paper Download PDF

Authors: Sibghat Ullah Farooqui

DOI: 10.5267/j.ac.2016.2.003

Keywords: Bilateral import-export, Terms of trade (TOT), Total trade, Gross domestic product (GDP), Trade openness

Abstract:
This research paper is an attempt to examine the Bilateral Trade and Economic Growth between China and India, it also gives attention to draw outcome of trade, economic cooperation in future. They are the fastest growing economies in Asia as well as in the world. Both economies are classified by many international agencies as emerging markets with prospective for rapid economy growth. They play an increasingly dominant role in world economy affair. Especially, this paper investigates the major trends and changes in the Import- Export, Terms of Trade (TOT), Total Trade, Gross Domestic Product (GDP), and Trade Openness. By applying various statistical techniques, the results reveal that China has leading trading partner with India and across the world. The findings are also used to draw policy implications for future trade and economic co-operation between two Asian developing economics. The results clearly showed the supremacy of China over India, but India also elucidates the sign of prominent growing economies in the world.
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Journal: AC | Year: 2016 | Volume: 2 | Issue: 3 | Views: 2610 | Reviews: 0

 
4.

A state-of-art review on green supply chain management practices Pages 129-136 Right click to download the paper Download PDF

Authors: Sunil Dhull, M.S. Narwal

DOI: 10.5267/j.ac.2016.2.002

Keywords: GSCM, Green supply chain management, Green practices

Abstract:
There is an emergent need for corporates to incorporate environment friendly practices into supply chain management. Green Supply Chain Management (GSCM) practices are the processes, which reduce the environment hazards from the supply chain. These practices help industries provide the competitive advantage from their core competitors by reducing environmental hazards. The literature gives an idea about a number of evidences of green supply-chain management practices, which are not developed. The study discusses the rules and the regulations made by the environmental authorities to meet social and environmental concerns to help in both developments of economies as well as business units suffering from insufficient GSCM practices. This research helps academicians, practitioners and researchers in incorporating and understanding GSCM practices in a broad manner. The research on the GSCM practices is at a very nascent stage in Indian manufacturing environment despite the fact that sustainability is the foremost worry of Indian industries. Using the rich literature, an attempt is made to bring out the need for GSCM practices and environmental sustainability of organizations. Finally, the findings and interpretations are summarized, and the main research issues and opportunities are highlighted.
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Journal: AC | Year: 2016 | Volume: 2 | Issue: 3 | Views: 2379 | Reviews: 0

 
5.

Impact of political costs on company benefits in the institutions with high free cash flow and low growth opportunity: Evidence from Tehran Stock Exchange Pages 137-142 Right click to download the paper Download PDF

Authors: Mohammad Pasandidehfar, Shadi Shahverdiani, Mohsen Hashemi Gohar

DOI: 10.5267/j.ac.2016.2.001

Keywords: Political costs, Free cash flow, Growth opportunities, Politically considerations

Abstract:
The political costs, bonuses paid to managers, how to use the growth opportunities obtained and their effects on the profitability of companies are the issues that have always been a major of corporations’ concerns. Company exposure to political decisions, its costs and effects on the company's cash flow is very important. Hence, understanding the relationship between variables in a company and how they influence on each other helps management decisions for better opportunities and reduction in political costs, increase cash flow and ultimately increase the profitability of the firms. This survey studies the relationship between the impact of political costs on companies with high free cash flow and low growth opportunity. In this survey, company's assets, sales, income and number of employees are estimated. Then the indexes related to these costs are evaluated based on the tax component, the cost of the sports, personnel costs and relationships among them. Pearson correlation coefficient, regression coefficients and analysis of variance have been used to examine the hypotheses of the survey. The results show that the political cost, high free cash flow and low growth opportunity had negative correlations with each other. In other words, there was a negative relationship between profit and political costs in companies with high free cash flow and low growth opportunity. Moreover, high free cash flow and low growth opportunities had significant effect on the relationship between political costs and benefits in companies listed in Tehran Stock Exchange.
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Journal: AC | Year: 2013 | Volume: 2 | Issue: 3 | Views: 1654 | Reviews: 0

 

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