251 research outputs found
Atención a las advertencias: se prevén más desplazamientos para Afganistán
Actualmente existen muchas pruebas que apuntan hacia la probabilidad de que se produzca otra ola de desplazamientos en Afganistán. Ignorar estas advertencias y no actuar en consecuencia podría suponer pagar un alto precio en el futuro, tanto a nivel financiero como en términos humanitarios
Realidades urbanas de mujeres y niñas desplazadas
Un creciente número de PDI vive en asentamientos informales en los principales centros urbanos de Afganistán, sin embargo, las formas en las cuales las mujeres y niñas desplazadas son vulnerables en tales asentamientos no son suficientemente entendidas y abordadas
Working with the Taliban: from the first to the second Emirate
Nearly two years after the Taliban seized power in Kabul, in August 2021, the international aid community continued to search for workable approaches to deal with the new situation. Afghanistan’s deepening economic and humanitarian crisis called for major assistance, but the relationship between major donors and the Taliban de facto authorities had settled into a deeply adversarial mode. It resembled in many respects the relationship between the international aid community and the Taliban during the first Emirate (1996–2001). The story of that limited and difficult interaction – mostly consisting of humanitarian aid in a process that swung between confrontation and creative, though modest, compromises – is worth recalling for the insights it holds for the present. This article examines the patterns of that interaction, the results on the ground and the implications for the Western relationship with the present Taliban Emirate
Towards the Development of an Early Warning/Response Network
This article outlines a proposal put forth
by the Prevention/Early Warning Unit
at the Centrefor Refugee Studies, York
University. The article describes the
problems with early warning and how
an early warning network (EWNET)
can address these existing difficulties.
This EWNET is described as an academic-
NGO-policy consortium that
over a period of a few years will become
self-sufficient through the involvement
of business. Utilizing the Internet,
EWNET will collect information from
all over the world, analyze and disseminate
such information. The link to
policy makers and the importance of
properly communicating alerts are discussed.
While a central management
team oversees EWNET, there are several
units working on administration,
sales and research. Furthermore, the
research unit is broken down into indicator,
communication, response and
area study research; the latter being
linked to twenty crises area nodes. This
structure assures that EWNET will
comprise a broad resource network as well as the links necessary for sending
uniform early warning signals.Rédigé sous l'égide de l'Unité pour la
détection et la prévention des conflits du
Centre d'études sur les Réfugies de
l'Université York, cet article fait état des
principaux problèmes existant en matière
d'alerte préventive et propose la
création d'un consortium réunissant
des experts oeuvrant dans le domine de
la recherche et au sein d'organisations
non-gouvernementales afin de faire face
à ces difficultés. Etabli sur Internet, le
Réseau EWNET, destiné à être autonome
sur le plan financier d'ici quelques
années grâce à l'apport de capitaux
privés, doit rassembler, analyser et disséminer
des informations en provenance
de toutes les parties du monde en
matière d'alerte rapide et de prévention
des conflits. Structuré autour d'une
équipe principale de supervision,
EWNET est constitué de plusieurs
sous-unités fonctionnelles travaillant
sur les aspects de l'administration, du
financement et de la recherche d'indicateurs,
la communication de l'information,
la formulation de réponses aux
problèmes rencontré et l'étude de situations
régionales dans une vingtaine de
régions conflictuelles. Cette structure
vise à assurer au réseau une capacité
d'action globale tout en lui garantissant
la cohésion nécessaire à l'envoi effectif
de signaux d'alerte. Les problèmes rencontrés
dans la réalisation de cette tâche
ainsi que la question des liens à établir et
du travail de sensibilisation à effectuer
auprès des décideurs politiques sont
aussi évoqués
Stakeholder Conflict in Mergers and Acquisitions and the Importance of Post-Merger Integration
This doctoral thesis consists of three papers. The first paper theoretically reapplies Hirshleifer's (1991) paradox of power to stakeholder conflicts as a primary source of synergy impairment in mergers and acquisitions (M&A). It further extends the theoretical framework through focus on post-merger integration (PMI) as a mitigating factor in post-M&A value-decreasing combats. It outlines that mergers aiming for synergy can cause conflictual instead of cooperative actions within primary stakeholder groups due to violation of their interests. If acquirer management fails to counteract with high-quality PMI measures, the transaction will destroy stakeholder wealth due to deterioration of synergy. A stakeholder-oriented PMI is worth conducting up to the point where the net merger synergy still exceeds unresolved synergy impairment plus the direct cost of PMI. Applying the Cournot-Nash solution concept, the theory confirms that synergy potential grows with increasing target size. This means that so-called “merger of equals” have the highest synergy expectation and at the same time the lowest risk of synergy impairment due to missing incentives for the target stakeholders to oppose an acquisition. Nevertheless minor relative deal size encourages stakeholder conflict due to beneficial wealth transfers in favor of the target firm, provided that the conflict does not escalate.
The second paper analyzes 1,035 effective US mergers and acquisitions in the period 2005-2014. It finds a significant negative long-run financial and operating performance measured by buy-and-hold abnormal returns and abnormal operating cash flow returns. On average, US acquirers achieve a -8.2% stock price underperformance and a decline in pre-tax operating cash flow returns of -3.1% in the subsequent 36 months. The paper confirms that cash-financed transactions and the takeover of private targets positively impact M&A profitability. Controlling for certain firm and deal characteristics, further determinants are identified and tested which firstly, negatively influence synergy realization in general, and secondly, encourage post-merger stakeholder conflicts that reinforce synergy impairment, or even lead to dis-synergy. Based on robust results of multivariate regression analyses on acquirer performance, this paper concludes that the main post-merger value-influencing factors are integration capacity, complementarity of economic environment, and decisiveness of stakeholder conflict. This ultimately justifies the theoretical foundation of the existence of post-merger stakeholder conflicts and the need for a well-managed PMI as a mitigating mechanism to improve M&A performance.
The third paper empirically examines the post-merger stakeholder conflict hypothesis in M&A by applying a sample of 425 effective US transactions from 2005-2014. The theory claims that potential violations of primary stakeholder interests cause non-cooperative stakeholder actions and an impairment of merger synergy. A stakeholder-oriented post-merger integration (PMI) may serve as a value enhancing mechanism to mitigate the negative impact on long-term merger outcomes. The theory is tested by showing that a high-quality PMI with focus on the four dimensions of management attention, stakeholder information, integration support, and risk awareness (all measured by textual analysis of annual reports and publicly available information), on average results in a 22% higher acquirer stock return and an increase in operating performance of 4% over a three-year period compared to a portfolio of reference firms matched by size and book-to-market ratio. This paper also finds, as a result of high-quality integration, that improved employee productivity and customer demand positively influence long-run M&A performance. Finally, it is shown that acquirer synergy expectation, pre-deal M&A activity, growth prospects, as well as deal size drive PMI quality
Synergy in Early Warning Conterence: Background
This article has information on the
conference Synergy in Early Warning
organized recently by the Prevention/
Early Warning Unit in Toronto,
Canada. Included are: background on
the issues, a brief outline with the abstracts
of the papers delivered and the
contact addresses of the authors.Cet article fournit des informations sur
le colloque Synergie en Alerte Préventive
organisé récemment par l'Unité
Prévention/Alerte Préventive de Toronto,
Canada. Y figurent: l'historique
des problèmes, un synopsis du colloque
incluant les résumés des communications
présentées, et les adresses permettant
de contacter les auteurs
Issues in Quantitative Modelling in the Early Warning of Refugee Migration
This article discusses the problems associated
with indicator analysis for the
purpose of early warning. While the
authors endorse the idea of quantitative
EWM, they are sceptical of the understanding
that many have of what EW
analysis entails. In this article, they
identify the limits of quantitative EW
analysis and address many of the major
problems that confront those who are
committed to quantitative EW analysis.
In particular, the authors discuss
the following issues that need to be addressed
when engaging in quantitative
early warning analysis: the problem of
"late warning;" problems of contextual
sensitivity; problems of temporal development;
data availability and measurement;
and problems with the definition
of the appropriate unit of analysis.Cet article traite des problèmes rattachés
à l'utilisation d'indicateurs en
matière d'alerte préventive. Tout en faisant
état de la pertinence de l'élaboration
de modèle quantitatifs, les auteurs
émettent des doutes à propos des conclusions
obtenues à partir de ces analyses.
Les limites de ces modèles et les
principaux obstacles rencontrés dans la
conduite de ces analyses sont identifiés.
Les problèmes rattachés à une alerte lancée
en retard, au caractère évolutif des
situations conflictuelles, à la disponibilité
et à l'évaluation de l'information, à
la définition et au choix de la méthode d'analyse appropriée ainsi qu'à l'article
et à la susceptibilité des parties impliquées
sont évoqués de manière particulière
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