2008, ISBN: 9783639076783

Paperback

[ED: Taschenbuch / Paperback], [PU: VDM Verlag Dr. Müller], Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourc… More...

[ED: Taschenbuch / Paperback], [PU: VDM Verlag Dr. Müller], Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from 1990 through 2003. We construct a data set that identifies the outsourcing client and vendor firms and use this data set to examine announcement effects on firm value and the post-event changes in both the stock and accounting measures of performance. We find that around the contract announcement date, vendor firms as a whole group experience significantly positive average abnormal stock returns while client firms realize positive abnormal returns when their sizes are small, when they outsource to bigger vendors, when they are opaque firms and need to focus on their core activities, and when their liquidity levels are low. We also find evidence that client firms experience both significantly positive buy-and-hold abnormal stock returns and significant improvement in operating efficiency in three years following the contract effectiveness. Our study bridges efficient capital market theory and firms business strategies, providing management a useful guidance with their outsourcing decisions., DE, [SC: 0.00], Neuware, gewerbliches Angebot, H: 220mm, B: 150mm, T: 6mm, 108, [GW: 180g], Selbstabholung und Barzahlung, PayPal, offene Rechnung, Banküberweisung, Internationaler Versand<

2008, ISBN: 3639076788

Paperback

[EAN: 9783639076783], Neubuch, [PU: VDM Verlag Dr. Mueller e.K., Germany], Language: English . Brand New Book ***** Print on Demand *****.Over the last decade, an increasing number of out… More...

[EAN: 9783639076783], Neubuch, [PU: VDM Verlag Dr. Mueller e.K., Germany], Language: English . Brand New Book ***** Print on Demand *****.Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from 1990 through 2003. We construct a data set that identifies the outsourcing client and vendor firms and use this data set to examine announcement effects on firm value and the post-event changes in both the stock and accounting measures of performance. We find that around the contract announcement date, vendor firms as a whole group experience significantly positive average abnormal stock returns; while client firms realize positive abnormal returns when their sizes are small, when they outsource to bigger vendors, when they are opaque firms and need to focus on their core activities, and when their liquidity levels are low. We also find evidence that client firms experience both significantly positive buy-and-hold abnormal stock returns and significant improvement in operating efficiency in three years following the contract effectiveness. Our study bridges efficient capital market theory and firms business strategies, providing management a useful guidance with their outsourcing decisions.<

2008, ISBN: 9783639076783

Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from … More...

Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from 1990 through 2003. We construct a data set that identifies the outsourcing client and vendor firms and use this data set to examine announcement effects on firm value and the post-event changes in both the stock and accounting measures of performance. We find that around the contract announcement date, vendor firms as a whole group experience significantly positive average abnormal stock returns; while client firms realize positive abnormal returns when their sizes are small, when they outsource to bigger vendors, when they are opaque firms and need to focus on their core activities, and when their liquidity levels are low. We also find evidence that client firms experience both significantly positive buy-and-hold abnormal stock returns and significant improvement in operating efficiency in three years following the contract effectiveness. Our study bridges efficient capital market theory and firms´ business strategies, providing management a useful guidance with their outsourcing decisions. What does Stock and Accounting Performance Tell us about Corporate Outsourcing? Buch (fremdspr.) Taschenbuch 01.08.2008 Bücher>Fremdsprachige Bücher>Englische Bücher, VDM, .200<

2003, ISBN: 9783639076783

Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from … More...

Over the last decade, an increasing number of outsourcing contracts have been signed. We investigate a large sample of outsourcing contracts signed by firms listed on the US markets from 1990 through 2003. We construct a data set that identifies the outsourcing client and vendor firms and use this data set to examine announcement effects on firm value and the post-event changes in both the stock and accounting measures of performance. We find that around the contract announcement date, vendor firms as a whole group experience significantly positive average abnormal stock returns; while client firms realize positive abnormal returns when their sizes are small, when they outsource to bigger vendors, when they are opaque firms and need to focus on their core activities, and when their liquidity levels are low. We also find evidence that client firms experience both significantly positive buy-and-hold abnormal stock returns and significant improvement in operating efficiency in three years following the contract effectiveness. Our study bridges efficient capital market theory and firms´ business strategies, providing management a useful guidance with their outsourcing decisions. What does Stock and Accounting Performance Tell us about Corporate Outsourcing? Buch (fremdspr.) Bücher>Fremdsprachige Bücher>Englische Bücher, VDM<

2003, ISBN: 9783639076783

Over the last decade, an increasing number ofoutsourcing contracts have been signed. Weinvestigate a large sample of outsourcing contractssigned by firms listed on the US markets from 199… More...

Over the last decade, an increasing number ofoutsourcing contracts have been signed. Weinvestigate a large sample of outsourcing contractssigned by firms listed on the US markets from 1990through 2003. We construct a data set that identifiesthe outsourcing client and vendor firms and use thisdata set to examine announcement effects on firmvalue and the post-event changes in both the stockand accounting measures of performance. We find thataround the contract announcement date, vendor firmsas a whole group experience significantly positiveaverage abnormal stock returns, while client firmsrealize positive abnormal returns when their sizesare small, when they outsource to bigger vendors,when they are opaque firms and need to focus on theircore activities, and when their liquidity levels arelow. We also find evidence that client firmsexperience both significantly positive buy-and-holdabnormal stock returns and significant improvement inoperating efficiency in three years following thecontract effectiveness. Our study bridges efficientcapital market theory and firms business strategies,providing management a useful guidance with theiroutsourcing decisions. Bücher, Hörbücher & Kalender / Bücher / Sachbuch / Wirtschaft / Wirtschaftswissenschaften, [PU: VDM Verlag Dr. Müller, Saarbrücken]<