College entrance essay prompts
How To Introduce A Topic In A Argumentative Essay
Sunday, August 23, 2020
Friday, August 21, 2020
Analytical Essay free essay sample
During those 100 years, Rome would be tormented with financial unrest, internal selling out, social issues, and a decreasing military. When Marcus Aurelius passed on in A. D. 180, the Empire was politically steady financially prosperous, and militarily secure, (Perry, 2009). The class introduction expressed that after the Pax Romana was finished, the decay of Romeââ¬â¢s armed force was the beginning of the fall of Rome. This took into account the Germanic clans to lead intrusions on Rome. The introduction advises us that through these predictable intrusions, Romeââ¬â¢s economy started to lessen and the legislature couldn't bolster a military that was expected to guard its Empire. The awful piece of this was Rome permitted the Germanic clans to exist inside their domains, yet they didn't represent the quality of these clans. As per Perry (2009), during the third century there was a checked decay in the nature of Roman fighters. In A. D 410, Vistagoths pushed through the western piece of the domain and another Emperor was situated. We will compose a custom exposition test on Logical Essay or then again any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Since the Western Empire was constrained by Barbarians, the Eastern Empire chose not to attempt to retake the city. Williams and Friell, (1994), brought up how the Roman Empire should dismissal to the ethnic causes and didn't permit them to take an interest inside the Roman political framework. The uprising of the Barbarian individuals was brought about by the absence of regard that was given to them by the Roman Empire. These Barbarian assaults left the fringe areas eradicated and poor when uses for the military depleted the Western Empireââ¬â¢s assets (Perry, 2009). Perry (2009) likewise expresses that the decrease in populace influenced the Empire in three different ways. The first was, simultaneously the populace was declining, the expense of running an Empire was expanding. This caused an overwhelming weight on the citizens. The subsequent explanation was the decrease in farming laborers. Agribusiness was the most significant monetary maker for the Empire. The third explanation is it diminished the labor accessible for the military driving rulers to allow the foundation of Germanic provinces inside the Empireââ¬â¢s guests to fill in as feeders for the military. This circumstance prompted the barbarization of the military (Perry, 2009). Powerful taxation rates must be actualized to compensate for the misfortune income, in this manner making the working class vanish. With the white collar class being cleaned away, it left no laborers to imagine new thoughts and items for monetary turn of events. The slave populace that made up 33% of the populace wanted to take an interest in any new innovation or improvement that would support the Roman Empire. There were two significant social issues that caused the fall of the Roman Empire. One was a decrease in populace and the other was otherworldly. A declining populace of Roman residents caused an enormous effect on the fall of Rome. During the rule of Marcus Aurelius, the bubonic plague struck the realm and went on for a long time (Perry, 2009). Another plaque struck the Empire during the rule of Marcus Aurelius child Commodus. There were a couple of different episodes during the third century were more plaques had caused a huge abatement in the Empires populace. Because of these diseases and the awful financial conditions, families got disheartened about the fate of Rome and chose not to have youngsters. Rome couldn't make up for the enormous abatement in populace. Maybe the most perilous sign for what's to come was the otherworldly loss of motion that crawled over the arranged universe of Pax Romana (Perry, 2009). Residents lost expectation and began to put their expectation in eternal life. A significant part of the high society floated away from profound practices, however that was not the situation for the majority of laborers and slaves. The spread of puzzle religions developed during the Hellenistic time. Slaves, troopers, and vendors brought numerous strict factions westbound from Persia, Babylon, Syria, Egypt, and Asia Minor (Perry, 2009). The individuals of Rome paced their expectation in supernatural Gods to beat the absence of expectation in their lives. These supernatural Gods gave the individuals of Rome a feeling of having a place and in particular a street to eternality. Policy centered issues were another factor in the fall of Rome. As the Roman Empire spread down to the Persian Gulf, Rome despite everything kept on working their legislature as though they were a little city. The Roman Empire was intended to oversee a city-state and not an enormous domain. Transportation issues tormented the legislature. They couldn't keep up the tremendous regions of their domain to give food and supplies to their military. This made the troopers become backstabbing and their commanders to shape their own armed forces. These militaries would assume control over little territories and build up their own realm. A domain with no control of their own military was bound to fall. The majority of the subsidizing for Rome originated from taking over different nations. Prior to the fall, Rome had essentially taken all the land that they could. This halted an enormous part of subsidizing for the administration. The force driven Emperorââ¬â¢s really drove their own Empire into reality by vanquishing all the land around them. The administration of the United States has utilized certain types of the Roman political framework. Of those thoughts, the most significant one is student from the errors of Rome with respect to their residents. At the point when residents feel they are not be heard by their administration, they pull away from the framework. They disconnect themselves and structure their own guard to secure their employments, homes, families, and cash. The American government needs to apply a more grounded military power that has the capacities to make sure about their outskirts. Low confidence is the quickest path for a military power to get isolated. America needs to take each mean in ensuring the spirit of their military; not at all like something contrary to the Roman military. The migration of migrants as your country develops is significant and it helped the development of Rome. The issue was that a framework was not set up to keep up a careful gaze over them. That is the reason these days, the United States needs a solid and strong migration program. The title of this exposition was ââ¬Å"The decay and fall of Rome. â⬠After contemplating this subject an individual needs to think about whether Rome real feel or on the off chance that it developed like numerous nations after them have. A genuine guide to take a gander at is Japan. Controlled by numerous Emperors from the beginning of time, Japan has advanced into an incredible nation. They figured they could move over the world and vanquish more land, however the outcomes were annihilating. Practically 2.5 million residents and warriors were executed due to their governmentââ¬â¢s covetousness. Much the same as Rome, they endured tremendous populace lost that injured their nation. The nation fell to the United States, yet one could likewise say they advanced as well. Works Cited Perry, Marvin. Wester n Civilization: Ideas, Politics, and Society. Volume 1: 1789. Tenth Edition. Boston, MA. 2009 Roman Empire. Freedom University Online Blackboard. Freedom University. Williams, Stephen amp; Friell, Gerald, Friends, Romans or Countrymen? Brutes in the Empire. ProQuest. History Today, 25 June 2012: 34. Print.
Sunday, July 12, 2020
Using the Right Application Essay Samples
Using the Right Application Essay SamplesIf you are embarking on your career in a doctoral program, you should be careful about the quality of your research and academic writing. You should not leave behind the most important aspects of your application essay to chance. Instead, you should take the time to ensure that it is excellent. Grad school application essay samples can be very helpful in this regard.One of the most common application essay topics is research and academic writing. The dissertation or research paper is one of the most important components of your application and is indeed what the admissions committee is looking for. Research is often discussed on the application but there are many other forms of writing that also need to be addressed.Writing sample questions and essays is a must when writing your application. Your professor will expect you to do an assignment similar to one in the sample essay. This will help them gauge your abilities and your passion for the s ubject matter.The next part of your assignment is to use the sample to write a response. Explain how you were able to handle the question and the essay. Do this by offering a summary of your answer to the question and then showing how it was the most appropriate and best answer for the question at hand. Use your research skills to explain the differences between the two solutions and then offer an example of what you mean.By using this approach in your graduate school application essay, you will find that you are actually more successful in your application. What is more, you can use the examples as guides to create your own examples.Business ethics is another topic that is often covered on the application essay. Many companies offer samples on this topic. It is important that you fully understand the sample before writing an essay about it.Business ethics is often complex and can often be avoided or ignored. However, you should take the time to fully understand it. The samples offe red by the admissions department can be helpful but they do not usually cover all the considerations that will affect the decision of whether or not to hire you.In conclusion, you will find that using a combination of the research and academic writing samples in your graduate school application essay will help you excel. This will help you write the application with confidence. If you are unsure of your abilities, you can rely on the samples to guide you.
Wednesday, May 20, 2020
Butterfly Bush Alternatives for Environmentally Friendly Gardeners
Gardeners who want to attract butterflies to their gardens often plant butterfly bush (genus Buddleia), a fast growing shrub that blooms prolifically. While butterfly bush is easy to grow, inexpensive to buy, and a good attractant for butterflies,à some argue its one of the worst choices for a butterfly garden. For years,à butterfly bushà (Buddleia) has divided gardeners into two camps: those who plant it without apology, and those who think it should be banned. Fortunately, its now possible to plant butterfly bushes without negatively impacting the environment. Why Gardeners Love Butterfly Bush Buddleiaà is well-loved by butterfly gardeners because it is well-loved by butterflies. It blooms from spring to fall (depending on yourà growing zone), and produces an abundance of nectar-rich flowers that butterflies cannot resist. Butterfly bush is easy-to-grow and tolerates poor soil conditions. It requires almost no maintenance, other than an annual hard pruning (and some gardeners even skip that). Why Ecologists Hate Butterfly Bush Unfortunately, a plant that produces such a bumper crop of flowers also produces a bumper crop of seeds.à Buddleiaà is not native to North America; butterfly bush is an exotic plant from Asia. Ecologists deemed the shrub a threat to native ecosystems, as butterfly bush seeds escaped backyard gardens and invaded forests and meadows. Some states banned the sale ofà Buddleia and listed it as a noxious, invasive weed. For commercial growers and nurseries, these bans were consequential. According to the USDA, the production and sale of butterfly bush was a $30.5 million industry in 2009. Despiteà Buddleias environmental impact, gardeners still wanted their butterfly bushes, and growers wanted to continue producing and selling it. While butterfly bush provides nectar for butterflies, it offers no value for butterfly or moth larvae. In fact, not a single native North American caterpillar will feed on its leaves, according to entomologist Dr. Doug Tallamy, in his book Bringing Nature Home.à For Gardeners Who Cant Live Without Buddleia Butterfly bush spreads easily because it produces thousands of seeds during the course of a growing season. If you insist on growing butterfly bush in your garden, do the right thing: deadhead Buddleia flowers as soon as the blooms are spent, all season long. Shrubs to Plant Instead of Butterfly Bush Better yet, choose one of these native shrubs instead of butterfly bush. In addition toà providing nectar, some of these native shrubs are also larval food plants. Abelia x grandiflora, glossy abeliaCeanothus americanus, New Jersey teaââ¬â¹Cephalanthus occidentalis, buttonbushClethra alnifolia, sweet pepperbushCornus spp., dogwoodKalmia latifolia, mountain laurelLindera benzoin, spicebushSalix discolor, pussy willowSpiraea alba, narrowleaf meadowsweetSpiraea latifolia, broadleaf meadowsweetViburnum sargentii, Sargents cranberry bush BuddleiaBreeders to the Rescue Just when you were getting ready to compost your butterfly bushes for good, horticulturalists found a solution to the problem.à Buddleiaà breeders produced cultivars that are, in effect, sterile. These hybrids produce so little seed (less than 2% of traditional butterfly bushes), they are considered non-invasive varieties. The State of Oregon, which has a rigorous ban onà Buddleiaà in place, has recently amended their ban to allow these non-invasive cultivars. Seems you can have your butterfly bush and plant it, too. Look for these non-invasive cultivars at your local nursery (or ask your favorite garden center to carry them!): Buddleiaà Lo Beholdà ®Ã ââ¬ËBlue Chipââ¬â¢Buddleia ââ¬ËAsian Moonââ¬â¢Buddleiaà Lo Beholdà ®Ã¢â¬ËPurple Hazeââ¬â¢Buddleiaà Lo Beholdà ®Ã ââ¬ËIce Chipââ¬â¢ (formerly ââ¬ËWhite Icingââ¬â¢)Buddleiaà Lo Beholdà ®Ã ââ¬ËLilac Chipââ¬â¢Buddleia ââ¬ËMiss Mollyââ¬â¢Buddleia ââ¬ËMiss Rubyââ¬â¢Buddleia Flutterby Grandeâ⠢à Blueberry Cobbler Nectar BushBuddleia Flutterby Grandeâ⠢Peach Cobbler Nectar BushBuddleia Flutterby Grandeâ⠢à Sweet Marmalade Nectar BushBuddleia Flutterby Grandeâ⠢à Tangerine Dream Nectar BushBuddleia Flutterby Grandeâ⠢à Vanilla Nectar BushBuddleia Flutterby Petiteâ⠢à Snow White Nectar BushBuddleia Flutterbyâ⠢à Pink Nectar Bush One important thing to remember, though, is thatà Buddleiaà is still an exotic plant.à While it is an excellent source of nectar for adult butterflies, its not aà host plantà for any native caterpillars. When planning your wildlife-friendly garden, be sure to includeà native shrubsà and flowers to attract the most butterflies.
Wednesday, May 6, 2020
Where Will Employment Opportunities for People with...
Adults with disabilities are significantly less likely than people without disabilities to participate in the labour market and often experience lower earnings (Taylor et al., 2004; Pagan, 2009; Yamamoto et al., 2012), as well as limited opportunities for promotion and career advancement (Yamamoto et al., 2012). People with disabilities are only half as likely to be in employment as their peers of working age (Action Plan for Jobs, 2014). As a result people with disabilities also experience consistently higher poverty rates than people without disabilities. The Central Statistics Office publication on ââ¬ËOur Bill of Healthââ¬â¢ based on the results of the 2011 census clearly illustrates a lower rate of employment for people with disabilities inâ⬠¦show more contentâ⬠¦Unemployment not only creates economic disadvantage but also decreases self-esteem and increases isolation and marginalisation (Stuart, 2006). Unemployment is considered to be one of the primary causes of e xclusion in society, which can impact an individuals well-being, decrease their opportunities to participate in social and recreational activities, and lead to poverty or homelessness (Kitching, 2009; Nolan, 2005). Employment can help reduce stigma associated with having a disability in our society. Where will the employment opportunities for people with disabilities be created? The majority of employment opportunities for people with disabilities will be created within the mainstream labour market. There needs to be equality of opportunity for people with disabilities within the overall system. This raises the question about how to get an increased number of people with disabilities into the mainstream labour market? Following the Report of the Commission on the Status of People with Disabilities, the principle of mainstreaming has been established policy since 2000, and was put into legislation in the Disability Act 2005 (NDS, 2013). The Employment Equality Act 1998, the Equal Status Act 2000, the Equality Act 2004 and the Disability Act 2005 have all contributed to the current labour market situation in Ireland (Government of Ireland, 1998; 2000; 2004; 2005). The Employment Equality Act established that it is illegal to discriminate in relationShow MoreRelatedDiversity, Creativity, And Necessity Essay1626 Words à |à 7 PagesCHAPTER 2 EQUAL EMPLOYMENT 2.1. Introduction Difference is diversity, creativity, and necessity. Every person needs to be respected and accepted as he/she is. Discrimination is treating someone unethically, or harassing him/her, due to his/her belonging to a specific group. Under anti-discrimination legislation, it is against the law for any employer to discriminate against an employee or job applicant because of the: age, gender, sexual preference, pregnancy, disability, ace, marital status, religionRead MoreFrailty Syndrome As Elderly Individuals Essay1471 Words à |à 6 Pagespast. According to Statistics Canada (2012), from 1920-1922, a manââ¬â¢s average lifespan was 59 years of age and a womanââ¬â¢s average lifespan was 61 years of age; in 2012, this has now increased to 79 for men and 83 for women. This increasing lifespan has created a new frontier in the health and wellbeing of the elderly as it has resulted in a consequent increase in complex health care needs of elderly people with Frailty Syndrome. Fried et al . (2005) identify Frailty Syndrome as elderly individuals ââ¬Å"meetingRead MoreEqual Employment Opportunity Law Essay4033 Words à |à 17 PagesAusten Thurmond December 1, 2016 MANA 3320 Equal Employment Opportunity Law Equal Employment Opportunity (EEO) laws have helped shape the workforce today and they have greatly contributed to the introduction of diversity in the working environment. No longer are people rejected of employment based on their race, gender, age, or disability. The labor force has increased from 62 million people in 1950 to over 159 million people in the labor force today (Toolsi). The passing of the EEO laws provedRead MoreThe Significance of the Social Security Act to Social Work Practice 1454 Words à |à 6 PagesItââ¬â¢s the 1930s and the United States of America is in turmoil. Banks are closing, the stock market has crashed and people are losing their homes and jobs. Everyone in America is suffering from the Great Depression. The Great Depression began in 1929 when the stock markets crashed; this was the beginning of ten long years of economic suffering for those in America. With many out of jobs and homes, it was time for a change to happen. With the election of Ro osevelt in 1933, something new was on itsRead MoreWe Need A Permanent For Federal Government Subsidized Job Program1616 Words à |à 7 Pagessubsidized job program where those who want to work should be able to work. It should be available for all citizens and legal residents of America, including felons, disabled people, and those above the poverty line. It should truly be nationwide and uniform in its implementation. Finally, it should be permanent, as there are many people who cannot find employment even though the Great Recession is over. Program funds not used in times of prosperity can be allocated for future employment use during economicRead More We Need Affirmative Action Essay1035 Words à |à 5 Pagesit? Well affirmative action is, in plain text, the consideration of your class, race, gender, color, ethnicity, national origin, and disability when deciding who gets a certain job or admission into a school. If you are amenity applying for a job and there are other people that are applying as well then you will be considered for the job over one of the other people, even if they have more experience. It is not only for jobs, it is also used in any situation that there is a minority or different personRead MoreEssay on Pro-Affirmative Action1059 Words à |à 5 Pagesit? Well affirmative action is, in plain text, the consideration of your class, race, gender, color, ethnicity, national origin, and disability when deciding who gets a certain job or admission into a school. If you are amenity applying for a job and there are other people that are applying as well then you will be considered for the job over one of the other people, even if they have more experience. It is not only for jobs, it is also used in any situation that there is a minority or differentRead MorePersonal Reflection1209 Words à |à 5 PagesWhen I arrived at the agency, the room was crowded and many people were waiting for their turned to be served at one of the several tables. The person that I interviewed for this assignment was Emily Hampshire, the coordinator of one of a program called 180. Emily has been with the agency for over a year and is currently the coordinator of the agencyââ¬â¢s newest program. This program is a gang prevention and intervention program and was created for the local at-risk youth in an effort to prevent gangRead MoreDenial is a burden manifested by Americans on a quest to ascend the social structure. Whether you1400 Words à |à 6 Pages Denial is a burden manifested by Americans on a quest to ascend the social structure. Whether you are an American native or an immigrant coming into America, you are struck with the expectations of America and the classical American life. Itââ¬â¢s a new setting, a new scenery, a new lifestyle; different from the ones that you grew up knowing like the back of your hand. We expect to have certain new freedoms when living America; such as freedom of religion, freedom of speech, and freedom of equalityRead MoreThe New Jim Crow By Michelle Alexander1313 Words à |à 6 Pagesincarceration of African-American. The creation of Jim Crows laws where used as a tool to promote segregation among the minority and white American. Michelle Alexanderââ¬â¢s the new Jim Crow Mass takes a look at Jim Crow laws and policies were put into place to block the social progression African-American from the post-slavery to the civil rights movement. Fast-forward to 2008 the election of Barack Obama certified that African-Americans where no longer viewed as second-class citizens instead African-Americans
Finance Mergers and Acquisitions
Question: Discuss about theFinance Mergers and Acquisitions. Answer: Introduction These terms are used in the financial industry to denote the fusion of two different companies. There are various ways in which two separate entities can unite to form a single entity. Broadly, these modes are classified under two main heads- mergers and acquisitions (MA). When two companies consolidate to form a new company, then we call it as merger. However, acquisition or takeover refers to a company buying another company. In this case, there is no new company formed and both the companies will be known by the name of the buying company. MA also refers to a department in financial institutions which undertakes to fulfil the formalities of mergers and takeovers (Manne, 1965; Neuhauser, 2007). Motives Behind Mergers and Takeovers There are many reasons for which the companies engage in mergers and acquisitions of which, few are discussed below: Shareholders gains: MA will provide many incentives for the managers, since they will be having more resources and scope to operate. Besides that, there will be an increase in the resultant companys efficiency and profitability. Their costs will be reduced to a great extent. Hence, market capitalisation of the resultant company will increase. This is a direct benefit to shareholders. Economies of scale and economies of scope: MA will provide economies of scale to the companies since their costs will decrease as they increase their production capacity. In addition to this, they will have a merger in a different industry, which will also give economies of scope. Sharing Know- how: When two companies consolidate with each other, they have the opportunities to share their technology and other resources and skills. Conducting RD activities at a large scale: Having large resources, companies have increased capability to enhance their research and development projects at a larger scale. Diversification: When two companies merge or takeover one, they have good market prospects in different line of businesses. Hence, MA is also a mean to diversify business operations. Tax benefits: When a company takeovers another company, it has to pay some premium or an amount to that company in return for its resources. This amount is included in tax calculations. The assets which are acquired will also be charged against depreciation. Hence, this reduces tax obligations to a certain limit. However, reforms have been made to avoid such benefits. (Trautwein, 1990) This paper reviews the two articles which are based on takeovers and their bearing on companies. In these articles, authors have given their views on the rationale behind takeovers or acquisitions. Some part of articles also includes the imperative for the companies to go for takeovers and their consequences on companys performance (Giammarino Heinkel, 1986). Article Review of The Market for Corporate Control This article was written by Jensen and Ruback, which was published in Journal of Financial Economics, eleventh volume. Corporate control refers to the companys ability to control external as well as internal factors affecting the operations of a business. Greater a company has control over external factors, greater is its corporate control in the market. This article consists of the literature review on corporate control in context of the dynamic market. The paper supports the fact that takeovers add value to the overall markets and have a positive implication on the industry. In the context of the bidding company, there will be many positive gains for business operations and shareholders. Even the target companys shareholders will also be benefitted by such transaction. The paper also discusses about creation of market power. Evidences are given to show that there is a weak correlation between market power and benefits of takeovers. However, this point is also contradicted by some o f the literature review. The article also includes that managerial actions aimed at enhancing corporate control are somehow detrimental to customers and shareholders welfare. This means that there will be a negative implication of takeover. For this, it is mandatory that managers should review the decision of acquiring another company to ascertain that there potential transactions will not harm the companys stakeholders. The essence of the article lies in the fact that market for corporate control is considered as a fictitious place where market players compete with each other for the ownership of corporate resources and the right to use them for their betterment and profitability. However, the paper includes a discussion over a wide range of arguments regarding controversies in the corporate control mechanism of market. It also asserts that there are further many issues that are not considered yet. There are many inferences on this issue but no transaction has been studied up till now that has covered all such aspects. The article concludes with the view that if such takeovers and potential bidders can be eliminated, there will be a promotion of small- scale enterprises (Jensen Ruback, 1983; Jarrell, Brickley, Netter, 1988). Article Review of Director Networks and Takeovers The article is given by Renneboog and Zhao in the journal of corporate finance, Twenty- Eighth Volume. It talks about the directors networks and takeovers. In this article, emphasis is put on the connections and networks of a bidding companys officials. The Directors, managers and other top level executives play a major role in various facets of mergers and acquisitions. Same way, a target companys officials also have contacts with large entrepreneurs and hence, facilitating high frequency of mergers and acquisitions in the market. Evidences given in this paper are based on UK markets. In this paper, a prolonged discussion is given about the impact of the directors networks on various stages of mergers and acquisitions. Firstly, at preliminary stage, discussion starts because of the personal contacts of the business associates. Then, at further MA process like negotiation on different terms and its duration; the ratio of success and failure of the transaction when negotiation process is over; means of payment- equity compensation, cash compensation or hybrid compensation; negotiation regarding appointment of directors and managers of target firm on the management hierarchy of merged or acquirer firm; etc. In brief, it can be said that paper discusses the impact of corporate networks on the process of takeovers. Evidences are given to substantiate the fact that a company having more than one or two directors are likely to have more mergers and acquisitions. It is also given that there negotiation duration is quite short (Renneboog Zhao, 2014). Impact of Takeover- do they add Some Value? There are three parties involved in the entire process of takeovers. First is the bidding company, the party who is going to buy another one. The other party is the target company, which is being acquired. And the third party is the overall market, which will have a bearing due to this takeover. Impact of takeover on all these associates is been discussed below (Roll, 1986). Target Company A Target company is the one which is being acquired or purchased by another company. There are two ways in which a target company can react possibly. If the target company accepts the takeover and favours the entire transaction process, then they will have a fair value, organized deal and a friendly consolidation. But if the target companys attitude is opposing the takeover, then, the bidding company will make all the possible attempts to make it happen. This may deteriorate the target companys ability to negotiate on the compensation of takeover. On the other hand, target firm will also try to spoil the entire thought of transaction and make best efforts to avoid it. This will lead to huge costs incurred by the target company. In addition to this, their goodwill will also be adversely affected. In both the cases, the target company will have an adverse effect. If takeover happens, it will have no separate identity. If takeover is avoided, then also image of the company will deterior ate in addition to overheads. However, if the target company favours the transaction, then at least, it will get fair compensation at market value of its assets. Hence, there will be no value addition to the target company due to takeover, since it will lose its entity in the transaction (Walsh, 1989; Healy, Palepu, Ruback, 1992). Bidder Company The major impact of takeover on the bidding company is that it improvises the companys ability to undertake business profitably. If we look at the procedure from its starting point, then, it is clear that taking over a company brings a lot of resources at the bidding companys threshold. This will have two implications. If takeover is executed in the same industry, then the bidding company will end up in acquiring a larger market share and a competitive edge. Reason being they will get economies of scale. However, there will be some hidden costs of transaction that should be carefully managed. On the other hand, if takeover is carried out in some other business line, then it will lead to diversification of business, giving economies of scope to the business. Besides that, when a company is acquired, all of the assets and technology also belong to the bidding company, in return for a compensation. This shows that the bidding company will be having a large pool of resources and might be a better know- how. Hence, these factors will work towards reducing costs and improving bottom line of the company. This will have a direct impact on the market price of shares. So, takeover will also enhance the market capitalisation of the bidding company. Market capitalisation = market price of a share * number of outstanding shares of the company. Outstanding shares are those shares of the company which are being traded in the market. All the above points clearly states that takeover add a significant value to the bidding companys performance (Travlos, 1987). Aggregate Market Value There are certain numbers of companies working in an industry. It is quite often in a market that a company with low financial performance and weak position in the market, but with high potentials is likely to face a threat of takeover by giants of the industry. Such takeovers reduce the number of companies in a market. Hence, only few big companies remain in the market to have a competition with each other. This implies that markets move towards oligopolistic form of competition in which there is handful of big players of the market having a stiff competition. It has been seen that due to cut- throat competition, market players tend to prove themselves better than others by reducing prices, providing better quality of goods and services, introducing CSR activities, etc. In this way, there is a healthy competition in the market and customers will also be benefitted. Hence, it can be said that takeovers add some value to the overall market as well (Jensen, 1988; Chatterjee, 1986). Conclusively, it can be said that takeovers add value to the bidding company and the overall market. However, the target company is not in complete loss. It reaps the benefits in the form of compensation and benefits to shareholders. It is also evident that there is a positive correlation between the directors networks of a company and its probability to enter into some merger and acquisition transaction (Firth, 1980). References Chatterjee, S. (1986). Types of synergy and economic value: The impact of acquisitions on merging and rival firms. Strategic management journal, 7(2), 119-139. Firth, M. (1980). Takeovers, shareholder returns, and the theory of the firm. he Quarterly Journal of Economics, 235-260. Giammarino, R. M., Heinkel, R. L. (1986). A model of dynamic takeover behavior. The journal of finance, 41(2), 465-480. Healy, P. M., Palepu, K. G., Ruback, R. S. (1992). Does corporate performance improve after mergers? Journal of financial economics, 31(2), 135-175. Jarrell, G. A., Brickley, J. A., Netter, J. M. (1988). The market for corporate control: The empirical evidence since 1980. The Journal of Economic Perspectives, 2(1), 49-68. Jensen, Ruback. (1983). The Market for Corporate Control. Journal of Financial Economics, 11, 5-50. Jensen, M. C. (1988). Takeovers: Their causes and consequences. The Journal of Economic Perspectives, 2(1), 21-48. Manne, H. G. (1965). Mergers and the market for corporate control. The Journal of Political Economy, 110-120. Neuhauser, K. L. (2007). Mergers and Acquisitions: A global view. Mergers and Acquisitions, pp. 1-4. Renneboog, Zhao. (2014). Director networks and takeovers. Journal of Corporate Finance, 28, 218234. Roll, R. (1986). The hubris hypothesis of corporate takeovers. Journal of business, 197-216. Trautwein, F. (1990). Merger motives and merger prescriptions. Strategic management journal, 11(4), 283-295. Travlos, N. G. (1987). Corporate takeover bids, methods of payment, and bidding firms' stock returns. The Journal of Finance, 42(4), 943-963. Walsh, J. P. (1989). Doing a deal: Merger and acquisition negotiations and their impact upon target company top management turnover. Strategic Management Journal, 10(4), 307-322.
Thursday, April 23, 2020
Mccarthy the American Psyche free essay sample
McCarthy rose to national infamy not due to his skill or persuasiveness in the political field, but rather his saying the right thing in the right place at the right time. He didnt create the situation of fear; he merely exploited it, and rather successfully. (Deed Morrow, See it Now, CBS) If he had done the same at any Other period in history it would have been a somewhat different story. The Americans, however, are responsible for letting it get as far as it did. McCarthy should never have been given such power, regardless of the situation.National security is the presidents responsibility, the American people should vote in a competent leader who is bound by oath to the countrys wellbeing. The Cold Warplanes a veritable legion of spies, including those who communicated U. S. Atomic secrets to the Soviets. (Alan Exalted) It was 1950. Robin Hood had been taken away from classrooms due to his C]steal from the rich and give to the poor message, which could be correctly identified as a Communist principle, not appropriate for American children. We will write a custom essay sample on Mccarthy the American Psyche or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He fed on the intense fear and hatred of Communism by most Americans (Engel Smith). He was a mover of masses in a queer, negative way (Leslie Fielder). The attitude in America at the time would have been against Communism regardless of McCarthy; however it was he turned the attitude from defensiveness to aggression. He has been described as the leader of patriotic Americans determined to root out Communist traitors (Engel Smith).Anyone who could gain bulk American support would no doubt also gain great power. The power given to McCarthy put the USA in great danger, they were lucky McCarthy had no ambition or he could have caused a lot more internal damage. How could the Americans trust such a character? He was a body until he made his allegations, was there not one person who could have checked his background and realized that he was in no position to be receiving any confidential documents about Communists from the hierarchy? McCarthy provided no evidence to back up his allegations and never uncovered a single Communist agent in the government. (Engel Smith) A point that is commonly missed is the similarity McCarthy held to Stalin during the Great Terror of 1937-1938 (on a lower key, of course). If one forgot of the multitude of lives lost under Stalin, they would see how both of these imagoes wrongly gained the power of the people, and then used it to destroy them. That McCarthy pointed a finger was quite enough to ruin a reputation and destroy a career- even if no actual evidenced was presented. (Alan Exalted) In both cases, the leaders ended up being just as bad as the enemy they fought, in fact, their people would have been better off surviving the worse case scenario of the threat these leaders claimed to be fighting than the antagonizing humiliation they faced when they were blamed, and found guilty, for a crime of which they were innocent.The one major preference is that while Stalin actually forced the Great Terror to begin, the Aquas Terror could have been easily avoided, if there was but one person who knew wha t was going on to do what was morally and ethically right for the county. This is, of course, America. Unlike the Great Terror, many politicians, especially Republicans, saw the advantages they could gain from having McCarthy on their side, rather than the pain it would cause the country. The right-wing, nationalistic views held by the Republicans over time have shown that, when under threat, the American people are more likely to vote in the ore war-happy party. He could keep the entire political establishment of the United States in perpetual uproar, (peg 620, Hugh Brogan, The Pelican History of the united States of America) that is, the controversy he caused within the government itself caused blood to boil all over the country. One newspaper of the time said, The Senates afraid of him. (Newspaper unknown, reference- Engel Smith) It seems McCarthy as a person would have been virtually powerless and never risen to infamy if the American people had sort after the truth rather than what comforted them.It took McCarthy taking on the conservatives who were supporting him for him to be exposed for the reckless, self-serving demagogue that he was. (Alan Exalted) The American people were a mixture of three types. The first were the typical Cultures Americans as we have coined them who actually believed that, with mass support from others, he must be right. The next were the conservatives. Their single-mindedness on matters of national security ultimately led to their ignorant following of McCarthy. The final category is the one we can blame for McCarthy rise to power.The leaders of the country, including politicians and people holding high positions in organizations such as the FBI, knew quite well what was going on. In the beginning they saw McCarthy not as a threat, but more so a piece they could play to score some more votes. A few months in, they were now powerless against him. The American people are typically gullible, in this case their paranoia led to their gullibility; however the people in power have a responsibility to the country. If they do not do the right thing for the country, the people will soon look for a figure who does.
Subscribe to:
Posts (Atom)