Trends and regional patterns of cross-border mergers and acquisitions: A case of Malaysian and Indonesian acquirers

Progress of cross-border mergers and acquisitions (M&A) in Asian region demonstrates an upstream pattern although the economy in Europe is unhealthy.In fact, many cross-border deals in Europe are dominated by Asian and US acquirers.In 2010, Asia Pacific countries had completed over 8,300 M&A deals that involved an Asian company reported by Dealogic. Countries such as China, South Korea, Malaysia, Singapore and Thailand are among Asian countries that are active in cross-border M&A.However, M&A trends in Malaysia and Indonesia have not received due attention of the researchers.Present study attempts to explore this phenomenon with the specific idea of identifying the background of Malaysian and Indonesian industries that involved in cross-border M&A.Present paper also reveals the integration trends involved when engaging in cross-border M&A. An opinion survey was conducted of the firms involved in M&A deals; the companies were identified from the Thomson One Banker main database which covers cross border M&A cases completed in Malaysian and Indonesia. Results show that engineering, software and telecommunication industries are among the leading industries engaged in cross-border M&A.Results also reflect that in terms of nationality of the acquired firms, Malaysia, Indonesia, Thailand and Singapore are among favourites to Malaysian and Indonesian acquirers.The study highlights higher success compared to failures in cross-border M&A in the countries under reference

Vision Research Agenda to 2025

The TP Organics Vision Research Agenda was prepared between June 2007 and July 2008 on the basis of wide-ranging discussions with farmers’ organizations, scientists, organic traders and retailers, and EU-wide umbrella organizations representing a variety of commercial, non-commercial and civil interests. Up to now, research projects and national framework programmes on organic agriculture have addressed immediate technology gaps in organic agriculture and food production. This Vision has been politically expedient and has given rise to a greater number of producers and professional skills for the task of serving unexpectedly fast growing consumer driven markets. Thus, many organic research projects had a short term perspective only. In contrast to this, our vision takes a long-term perspective on the research needs of organic agriculture and food systems. The three strategic research priorities presented in the vision focus in particular on the inconsistencies between economy, ecology and social cohesion in agriculture and food production and propose research activities and insightful learning concepts for organic and other farming systems

Interdependency of Transmission and Distribution Pricing

Distribution markets are among the prospect being considered for the future of power systems. They would facilitate integration of distributed energy resources (DERs) and microgrids via a market mechanism and enable them to monetize services they can provide. This paper follows the ongoing work in implementing the distribution market operator (DMO) concept, and its clearing and settlement procedures, and focuses on investigating the pricing conducted by the DMO. The distribution locational marginal prices (D-LMPs) and their relationship with the transmission system locational marginal prices (T-LMPs) are subject of this paper. Numerical simulations on a test distribution system exhibit the benefits and drawbacks of the proposed DMO pricing processes.Comment: Accepted to 2016 IEEE PES Innovative Smart Grid Technologies (ISGT

Assessing the Feasibility of Nutrient Trading Between Point Sources and Nonpoint Sources in the Chao Lake Basin Final

This pilot project will determine the Feasibility of an effective point-nonpoint source nutrient trading program could be established in the Lake Chao Basin, Program's potential benefits, Framework and necessary elements for such a program

MIGRATORY PATHWAYS TO IRELAND FOR START-UPS AND INNOVATIVE ENTREPRENEURS. ESRI Research Series January 2020 102

The OECD recently noted a global trend towards introducing visas for start-ups and for entrepreneurs with innovative firms (OECD, 2019). That finding is borne out in this study which shows that 13 EU Member States now have a special admission scheme for start-up founders and innovative entrepreneurs from third countries in place. With the exception of those in Ireland, Italy, Netherlands, Spain and the United Kingdom, all schemes were introduced in the last three years. Other Member States, such as Germany and Sweden, use alternative entry pathways that nonetheless focus on attracting start-ups and innovative entrepreneurs. The EU-level synthesis report for this study shows that in many Member States, promoting start-ups and innovative entrepreneurship in general is a national policy priority (EMN, 2019)

Challenges in Responsible Provision of Gambling: Questions of Efficacy, Effectiveness and Efficiency

This paper aims to explain why responsible provision of gambling is an important corporate social issue facing many gambling providers by examining its status with reference to three characteristic features of such issues proposed in the corporate social responsibility literature--expectational gaps, impacts and controversy (Wartick and Mahon, 1994). The existence of expectational gaps, impacts and controversy relating to contemporary gambling operations thus clarifies why gambling providers are under pressure to manage their gambling operations in a more socially responsible manner. A second aim is to clarify why resolving this issue has been difficult. Drawing on a second explanatory framework from the corporate social responsibility literature (Waddock and Mahon, 1991 ), the paper identifies three areas hindering the resolution of this issue between gambling providers and key stakeholders-lack of agreement over the facts (efficacy), lack of agreement over goals (effectiveness) and lack of agreement over the means to achieve these goals (efficiency). By examining these existing barriers, it is hoped that some pathways to the issue\u27s resolution may be illuminated. Examples from Australia underpin the discussion

Contending European agendas for agricultural innovation

Amid expectations for a European ‘transition to sustainable agriculture’, there are competing transitional processes. Given the widely acknowledged harm from agro-industrial systems, ‘unsustainable agriculture’ has divergent diagnoses and innovative solutions. This rivalry can be analysed as contending innovation agendas; the analysis here combines theoretical paradigms of agricultural innovation. In an EU policy context of a Knowledge-Based Bio-Economy (KBBE), there are divergent accounts of its key terms: biological resources, economy, relevant knowledge and knowledge-producers. Likewise, divergent accounts are found of innovation, intensification, resource efficiency, resilience, bio-energy, horizontal integration, etc. These divergent agendas are promoted by distinct stakeholder networks. The dominant agenda favours laboratory-based techno-scientific innovation as a source of ‘efficient’ inputs, which can use renewable resources more efficiently for competitive advantage in global value chains. By contrast, other agendas promote farmers’ knowledge of natural resources, especially via agro-ecological methods which can reduce energy inputs, increase productivity and add value through quality. With those contending agendas, rival stakeholder networks seek to influence R&D priorities. From the standpoint of multifunctional agriculture, such contending agendas can play complementary roles in different rural spaces. Some agro-food practices may combine aspects of different paradigms. As a concept, Agricultural Knowledge Systems may provide a common space for interchanges between divergent agendas and their research priorities. However, these innovation agendas promote conflicting visions of the future

Implementation Action Plan for organic food and farming research

The Implementation Action Plan completes TP Organics’ trilogy of key documents of the Research Vision to 2025 (Niggli et al 2008) and the Strategic Research Agenda (Schmid et al 2009). The Implementation Action Plan addresses important areas for a successful implementation of the Strategic Research Agenda. It explores the strength of Europe’s organic sector on the world stage with about one quarter of the world’s organic agricultural land in 2008 and accounting for more than half of the global organic market. The aims and objectives of organic farming reflect a broad range of societal demands on the multiple roles of agriculture and food production of not only producing commodities but also ecosystem services. These are important for Europe’s economic success, the resilience of its farms and prosperity in its rural areas. The organic sector is a leading market for quality and authenticity: values at the heart of European food culture. Innovation is important across the EU economy, and no less so within the organic sector. The Implementation Action Plan devotes its third chapter to considering how innovation can be stimulated through organic food and farming research and, crucially, translated into changes in business and agricultural practice. TP Organics argues for a broad understanding of innovation that includes technology, know-how and social/organisational innovations. Accordingly, innovation can involve different actors throughout the food sector. Many examples illustrate innovations in the organic sector includign and beyond technology. The various restrictions imposed by organic standards have driven change and turned organic farms and food businesses into creative living laboratories for smart and green innovations and the sector will continue to generate new examples. The research topics proposed by TP Organics in the Strategic Research Agenda can drive innovation in areas as wide ranging as production practices for crops, technologies for livestock, food processing, quality management, on-farm renewable energy or insights into the effects of consumption of organic products on disease and wellbeing and life style of citizens. Importantly, many approaches developed within the sector are relevant and useful beyond the specific sector. The fourth chapter addresses knowledge management in organic agriculture, focusing on the further development of participatory research methods. Participatory (or trans-disciplinary) models recognise the worth and importance of different forms of knowledge and reduced boundaries between the generators and the users of knowledge, while respecting and benefitting from transparent division of tasks. The emphasis on joint creation and exchange of knowledge makes them valuable as part of a knowledge management toolkit as they have the capacity to enhance the translation of research outcomes into practical changes and lead to real-world progress. The Implementation Action Plan argues for the wider application of participatory methods in publicly-funded research and also proposes some criteria for evaluating participatory research, such as the involvement and satisfaction of stakeholders as well as real improvements in sustainability and delivery of public goods/services. European agriculture faces specific challenges but at the same time Europe has a unique potential for the development of agro-ecology based solutions that must be supported through well focused research. TP Organics believes that the most effective approaches in agriculture and food research will be systems-based, multi- and trans-disciplinary, and that in the development of research priorities, the interconnections between biodiversity, dietary diversity, functional diversity and health must be taken into account. Chapter five of the action plan identifies six themes which could be used to organise research and innovation activities in agriculture under Europe’s 8th Framework Programme on Research Cooperation: • Eco-functional intensification – A new area of agricultural research which aims to harness beneficial activities of the ecosystem to increase productivity in agriculture. • The economics of high output / low input farming Developing reliable economic and environmental assessments of new recycling, renewable-based and efficiency-boosting technologies for agriculture. • Health care schemes for livestock Shifting from therapeutics to livestock health care schemes based on good husbandry and disease prevention. • Resilience and “sustainagility” Dealing with a more rapidly changing environment by focusing on ‘adaptive capacity’ to help build resilience of farmers, farms and production methods. • From farm diversity to food diversity and health and wellbeing of citizens Building on existing initiatives to reconnect consumers and producers, use a ‘whole food chain’ approach to improve availability of natural and authentic foods. • Creating centres of innovation in farming communities A network of centres in Europe applying and developing trans-disciplinary and participatory scientific approaches to support innovation among farmers and SMEs and improving research capacities across Europe