Rivals’ Reactions to Mergers and Acquisitions

Mergers and acquisitions research has principally focused on attributes of the acquiring firm and post-acquisition outcomes. To extend our knowledge, we focus on external factors, in particular rival responses, and explore when and how rivals respond to their competitor’s acquisitions. Leveraging the awareness–motivation–capability framework, we predict and find evidence that a rival’s dependence on markets in common with the acquirer, resource similarity between rival and acquirer, and a rival’s organizational slack increase the volume and, in some cases, also the complexity of a rival’s competitive actions following an acquisition. Furthermore, the type of acquisition positively moderates some of these relationships. The results extend our understanding of the influence of mergers and acquisitions on competitive dynamics in the marketplace

Women at Multiple Levels of Strategic Leadership:Evidence of Gender Spillovers

Manuscript Type: Empirical. Research Question/Issue: We examine how the combined presence of women in multiple levels of strategic leadership, including gender‐diverse boards, affects firm accounting performance. Research Findings/Insights: Our meta‐analysis of 273 effect sizes across various hypotheses expands research on women in upper echelons by showing that gender‐diverse boards are positively related to gender spillovers, that is, the appointment of female executives. Most importantly, our work demonstrates that gender spillovers mediate the relationship between board gender diversity and firm performance, indicating there are joint effects of women leaders when serving at various levels of the organization simultaneously. We also find that the size of gender‐diverse boards negatively affects gender spillovers to the level of executives. Theoretical/Academic Implications: Our research highlights interdependencies between gender diversity at different organizational levels and the distinct contribution of women directors. We draw attention to the role of gender spillovers as a mechanism that helps explain how the appointment of women directors benefits firm performance. Our findings broadly contribute to upper echelons theory. Practitioner/Policy Implications: This study emphasizes that increasing the representation of women on boards can advance the cause of women at other levels of strategic leadership. Furthermore, if women are in multiple levels of strategic leadership at the same time, this can lead to improved firm performance

Разработка модульной конструкции, гибридной установки, получения электрической энергии

Объектом исследования является модульная конструкция гибридной установки, предметом исследования – конструкция и геометрические параметры модульной конструкции гибридной установки. Цель выпускной квалификационной работы – разработка модульной конструкции гибридной установки. В результате процесса разработки создана 3D модель модульной конструкции гибридной установки. Установка состоит из 2х сборочных единиц: солнечный модуль, ветряной модуль, платформа. Разработана конструкторская документация и оформлена технологическая карта на изготовление одной из деталей установки. Проект удовлетворяет всем установленным требованиям производственной безопасности.The object of the study is the modular design of the hybrid plant, the subject of the study is the design and geometric parameters of the modular design of the hybrid plant. The goal of the final qualifying work is the development of a modular design of a hybrid plant. As a result of the development process, a 3D model of the modular design of the hybrid plant was created. The installation consists of 2 assembly units: a solar module, a wind module, a platform. Design documentation has been developed and a technological map has been prepared for the manufacture of one of the plant parts. The project meets all the established requirements for industrial safety