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Publication records

Journal Article

Der Einfluss von Marketing Assets auf den Shareholder Value

Marketing Review St. Gallen 25 (2): 14–17
Mario Rese, Valerie Herter (2008)
Subject(s)
Marketing
Keyword(s)
marketing assets, shareholder value
Volume
25
Journal Pages
14–17
ESMT Business Brief

Safe and sound: An EU approach to sovereign investment

ESMT Business Brief No. BB-108-008
Nicolas Véron, Lars-Hendrik Röller (2008)
Subject(s)
Finance, accounting and corporate governance
Keyword(s)
sovereign wealth funds, political risk, foreign direct investment
A growing share of inward investment into the European Union, including but not limited to sovereign wealth funds (SWFs), will come from countries with diverse political regimes with which Europeans may not always see eye-to-eye. The current crisis may increase both Europe's need for such investment and its sensitivity to the non-economic implications. New investor countries have incentives to refrain from political use of their assets, as illustrated by the recently published 'Santiago principles' for transparency and accountability of SWFs. But these incentives are not powerful enough to spare Europe its own assessment of security risks linked to new trends in foreign investment.
Pages
24
ISSN (Print)
1866–4024
ESMT Business Brief

Consolidation index for the European airline industry

ESMT Business Brief No. BB-108-007
Marten Büttner, Christoph Burger (2008)
Subject(s)
Economics, politics and business environment
Keyword(s)
consolidation-index, critical success factors, airline industry
As markets internationalize while consolidating, companies have to ask themselves if they can become leaders in these broader international markets. The consolidation index, developed by Burger, is a framework for developing and validating strategies in this regard. The European airline industry has a comparably low level of consolidation with the top 5 airlines having a combined market share of 31 percent in Europe. This business brief applies the consolidation index to the European airline industry and shows which airlines are in a good position to drive the future consolidation process in this industry.
Pages
16
ISSN (Print)
1866–4024
ESMT Business Brief

Europe and China: Different stages of industry consolidation

ESMT Business Brief No. BB-108-006
Marten Büttner, Christoph Burger (2008)
Subject(s)
Strategy and general management
Keyword(s)
Europe, China, industry consolidation
Extensive industry consolidation is taking place in Europe in many industries. The aviation industry, for example, has seen mergers between Air France and KLM, as well as Lufthansa and Swiss. The German banking industry just recently started to consolidate with the takeover of Dresdner Bank by Commerzbank and the partial takeover of Postbank by Deutsche Bank. But how about consolidation in one of the biggest growth-markets worldwide - China? A recent survey by ESMT has looked at the differences between Europe and China when it comes to consolidation.
Pages
12
ISSN (Print)
1866–4024
ESMT Business Brief

Bankenkonsolidierung in Deutschland: Ein erster Schritt

ESMT Business Brief No. BB-108-005/ger
Subject(s)
Finance, accounting and corporate governance
Keyword(s)
Konsolidierung, Banken, Deutschland
Following the merger of Commerzbank with Dresdner Bank and the subsequent takeover of a 30% share in Deutsche Postbank by Deutsche Bank the German banking market seems to enter the long awaited consolidation. The Business Brief analyses the consequences of these transactions and shows that they are merely first steps. Only the reform of the public sector banking system - with the dominant savings banks and the Landesbanken - will provide Germany's banks with a chance to remain market driving generalists in a consolidating European market.
Pages
16
ISSN (Print)
1866–4024
ESMT Business Brief

On the verge of a paradigm shift in the energy sector? From centralized to decentralized energy generation

ESMT Business Brief No. BB-108-004
Christoph Burger, Michael Holtermann, Gerald Kalny (2008)
Subject(s)
Economics, politics and business environment
Keyword(s)
energy, energy system, current energy system, new energy system, scenario, high energy prices, eMobility, Smart Grid, CHP, consolidation, centralized energy generation, decentralized energy generation, competitive landscape
Translating IPCC climate models into CO2 emissions per head results in 2030 emission targets of 5 percent of today's emission levels for the US and 10 percent for Europe. In an energy environment where externalities like CO2 are priced and where fossil fuels are becoming scarce and more expensive, only a major transformation of the 20th century energy and mobility infrastructure will be able to cope with these climate and fossil fuel scarcity challenges. With increasing energy prices, energy efficiency and decentralized energy generation will be key ingredients for this energy paradigm shift. Focusing on this paradigm shift, the business brief as a thought experiment intends to: - Identify implications for the value chain, namely the creation of new value-chain segments; - Indicate potential shifts in market size and margin of the respective value-chain segments; - Derive implications for players involved, namely the emergence of a new competitive landscape. The business brief addresses all energy players involved, especially incumbents who face the challenge to balance the tasks of securing and optimizing traditional business while at the same time taking part in new disruptive innovations.
Pages
24
ISSN (Print)
1866–4024
ESMT Business Brief

Industry consolidation comparison of Europe and China

ESMT Business Brief No. BB-108-003
This publication has been removed from circulation.
Marten Büttner, Christoph Burger (2008)
Pages
12
ISSN (Print)
1866–4024
ESMT Business Brief

Europäische Industriekonsolidierung: Die unterschätzte Dynamik

ESMT Business Brief No. BB-108-002/ger
Subject(s)
Strategy and general management
Keyword(s)
consolidation, aviation, utilities, telecoms, banking
Summary of results from the 2007 Consolidation Impact Survey. The survey covers four industries that are most affected from consolidation trends in Germany: Aviation, Utilities, Telecoms and Banking.
Pages
20
ISSN (Print)
1866–4024
ESMT White Paper

Analyzing the relationship between regulation and investment in the telecom sector

ESMT White Paper No. WP-108-01
Subject(s)
Economics, politics and business environment
Keyword(s)
telecommunications, access regulation, unbundling, investment, European Union
JEL Code(s)
C51, L59, L96
This study analyses the relationship between entry regulation and infrastructure investment in the telecommunication sector. The empirical analysis we conduct is based on a comprehensive data set covering 180 fixed-line and mobile operators in 25 European countries over 10 years and employs a newly created indicator measuring regulatory intensity in the European countries. We carefully treat the endogeneity problem of regulation by applying instrumental variables and find that tough entry regulation (e.g. unbundling) discourages infrastructure investment by entrants but has no effect on incumbents in fixed-line telecommunications. We do not find significant impact of entry regulation on investment in mobile telephony.
Pages
70
ISSN (Print)
1866–4016
ESMT Business Brief

Consolidation index: Critical success factors for industry consolidation

ESMT Business Brief No. BB-108-001
Subject(s)
Strategy and general management
Keyword(s)
consolidation index, industry consolidation, industry structure, critical success factors, banking industry, utilities industry
JEL Code(s)
L10
While markets internationalize and at the same time consolidate, companies have to ask themselves if they can develop to one of the market leaders in this broader international market. To give guidance to this question, the business brief introduces the concept of the consolidation index as a framework for developing and validating strategies in this regard and discusses the results of the consolidation index for the European banking and utilities industry.
Pages
20
ISSN (Print)
1866–4024