Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Merger Wave
There are many factors that contribute to today's economic global status. Economic evolution did not happen over night and one can look to history to analyze trends and practices as proof. It is unfair of historians to try to pinpoint one deciding moment in history that influences today's business world. One should see today's market as a reflection of past trends and business practices, a build up of many moments of time full of mistakes and successes. It is fair to say that much of where we are today has much to do with what has been learned already but also what has yet to be learned. It is the notion of possibility that makes the present economy rich and multifaceted. It is the ability to think outside what is already known and break down barriers that makes the future of business very exciting. This type of attitude is warranted, as the world becomes a much smaller place in which to live and work.
This paper will review the article "Factory Size, Economies of Scale, and the Great Merger Wave of 1898-1902" and look at the author's point-of-view concerning the economic history of the time. This paper will discuss many factors that contributed to factory size. Many historians would like to think the reason behind the explosion in factory employees had much to do with the Great Merger Wave but in actuality that could...
There are two factors that played a significant role in factory size and our current historical perceptions of factory size. They are as follows: (1) new technologies and innovations and (2) data collection and census. This paper will explore these two factors.
Review
It seems Anthony Patrick O'Brien is challenged by modern business and looks to the past for new ideas. He brings many interesting points to light in his article, however, what is troubling about his stance is the fact he does not make a commitment to an argument. He paints a vivid picture of both sides of the fence but remains suspended and elusive in his overall opinion. Maybe he is fascinated by how intricate the relationships between the economy and technology were for the time. He juxtaposes two elements of business at the time: (1) the merger wave and (2) structure change. The first element does not take into account the economies of size and how this factor was changing due to the Industrial Revolution. In fact, O'Brien believes the factory size resulting for the great mergers does not compare with "increases in average plant or factory size should been greater during the 1870s and 1880s that during the period of the merger wave" (640). These are reasons he has come to this conclusion: (1) technology and (2) data collection. Still he…
Work Cited
O'Brien, Patrick Anthony. "Factory Size, Economies of Scale, and the Great Merger Wave of
1898-1902." The Journal of Economic History Vol. 48, No. 3 (1988): 639-649.
Finance-dominated proponents also maintain that boom economic periods generate a more varied divergence of valuations that fuel merger activity (Medlen 2007). In this regard, Medlen concludes that, "Taken collectively, these understandings may explain some of the merger activity in booms, but they involve certain asymmetries that undercut their explanatory power. High stock valuations allow stock to be utilized as currency and collateral for takeovers; yet stock booms also make
Company Mergers on Employees The end of the twentieth century saw a wave of domestic and cross-border corporate mergers and acquisitions. Worldwide M&As grew at an average of 42% per annum between 1980 and 1999, reaching U.S.$2.3 trillion in 1999, according to the United Nations World Investment Report 2000. The report also suggested that the merger trend was evidence of an emerging globalized market (Cheng). While the globalization of markets
Boeing had utilized vast amounts of time, labor, energy, money and resources into the Apollo Program of the 1960's for the program finally to be cut to practically nothingness in the 1970's. I. The Apollo Program: Expenditures for the cost of the Apollo Program were in the total amount of $25.4 billion dollars. There were 11 manned Apollo flights, 381.7 kg of moon material was recovered during the course of the
Investment in the "global economy" remains a domestic matter: The fact is, the total amount of the world's capital formation that is generated from foreign direct investment (FDI) has been less than 10% for the last three years for which data are available (2003-2005). In other words, more than 90% of the fixed investment around the world is still domestic. And though merger waves can push the ratio higher, it
Ethics, Corporate Governance and Company Social Responsibility OCED state-owned enterprises and Privatized companies In the past few decades, emerging economies have launched ambitious plans to privatize their state owned enterprises (SOEs). The volume of privatization in emerging economies has increased from $8 billion in 1990 to about $65 billion in 1997 (Dharwadkar, George, & Brandes, 2000). In privatization, ownership is transferred from the state to new private and public owners, which may
New capacity would have to be bought or built when capacity runs out or production would have to be cut back on one of the product lines, leading to a loss in cash flows that would have been generated by the lost sales runs. Thus, Blast would result in incremental cash flows for facilities and these should be included in cash outflow calculations. However, the case states that Blast will