Vlerick Expertise in Accounting & Finance

 

54 results Number of Results per Page
  1. Case study

    The Alfacam Group: impulsive growth and financial distress

    The Alfacam Group was a Belgian company that provided facilities and services for television and production companies between 1987 and 2013. This case portrays the turbulent history of Alfacam, beginning with its inception in 1987, its IPO in 2007 and the failed takeover attempt by Hinduja Group in 2013.

  2. The dos and don’ts of imitation

    There is no doubt that imitation is a typically human trait. From birth onwards, we learn by imitating. Imitation is also a key learning and decision-making mechanism in the world of business. There are a number of studies on imitation in business decisions with regard to investments, organisational structures or the location of branches, for example. However, the role of imitation in the choice of management control systems and supply chain partners has not yet been researched. Evelien Reusen’s PhD serves to remedy this.

  3. Stricter than the EU? Surely that’s not necessary?

    How do unlisted companies – starters and rapidly growing businesses – finance their growth? How are their potential transfers or buyouts financed? And what impact do financing choices have on their continued development? At the request of the Belgian Federal Science Policy Office, a team of researchers from a number of different universities has been examining these questions. Professor Sophie Manigart was the project leader. Below, she comments on the key results that emerged from the study.

  4. Conflict is not always bad. It’s not always good either.

    Research literature is awash with studies that describe how angel investors are involved in their portfolio ventures and the various value-adding roles they take on. But how the very nature of their involvement actually influences ventures’ performance, particularly their innovativeness, has so far not been addressed. This research paper examines how task conflicts between angel investors and entrepreneurs are related to the innovativeness of the portfolio companies in question and how this relationship is moderated by the level of agreement on priorities, diversity of entrepreneurial experience, and communication frequency.

  5. Closing the deal

    Why are some merger and acquisition (M&A) deals closed relatively quickly while others take much more time? The answer to this question is important, because prolonged deal duration is costly and postpones realising synergy gains.

  6. A helping hand from the government can be useful

    You sometimes hear people claim that “The government shouldn't get involved in the corporate world”. But is this actually the case? Until recently, Professor Sophie Manigart felt it was better for government bodies not to get involved in funding (young) companies. On behalf of the IWEPS, the Walloon Institute for Evaluation, Forecasting and Statistics, she carried out a comprehensive literature study into the funding of young and innovative companies and the potential role of the government in encouraging access to this funding. These days, she has a more nuanced opinion.

  7. Study by Vlerick and UGent shows the socioeconomic impact of ARKimedes in Flanders

    A socioeconomic impact study under the leadership of Professor Sophie Manigart shows the importance of further support for the Flemish venture capital industry and argues for the expansion of the ARKimedes scheme. Various parameters reveal that the ARKimedes scheme appears to have a significant impact on the Flemish venture economy.

  8. Not all venture capital is the same

    Many big-name companies such as Apple, Rovio (of Angry Birds fame), Spotify, Facebook, Google, Microsoft and Starbucks would never have existed, or certainly never have grown so big, without venture capital. “Venture capital is vitally important for start-up companies that have an idea or perhaps even a prototype, but often no finished product that they can put onto the market,” explains David Devigne, whose doctoral research under Sophie Manigart, professor and expert in venture capital, investigated cross-border venture capitalists and their portfolio companies in Europe. This research has shown that businesses need to think carefully about which financier they take on board. This is because the origin of the capital affects the company’s success.

  9. Case study

    Analysing deal structures in mergers and acquisitions: can you make the right match?

    Merger and Acquisitions (M&As) offer an interesting setting to analyse corporate financial decisions. These transactions might create a sudden need for additional external financial resources, leading to fundamental changes in a company’s capital structure. This case provides an overview of six M&A transactions with their unique features.

54 results Number of Results per Page