Förteckning öfver framlidne contracts-prosten och ordens-ledamoten, doctor Joachim Adolph Cleves efterlemnade boksamling, som kommer att genom auction försäljas [den 12 april 1837 å Auctions kammaren]

Imprimatur: J. M. af Tengström.

Förteckning öfver böcker och skrifter, som under loppet af [februari] månad år 1839, å Auctions-kammaren i Helsingfors, till den mestbjudande offenteligen komma att försäljas

Imprimatur: V. Furuhjelm.

Förteckning å en samling böcker, hvilka komma att å Auctions-kammaren i Helsingfors försäljas d. 2 och 5 oktober 1839

Imprimatur: S. J. Backman.

Förteckning öfver, böcker, skrifter, chartor m. m., hvilka komma att på offentelig auction försäljas å Auctions-kammaren i Åbo den 2 november 1839

Imprimatur: F. Granbom.

Förteckning å böcker, som genom offentlig auction komma att försäljas å Auctions-kammaren i Helsingfors den [ ] maji 1841

Imprimatur: F. Granbom.

Förteckning å böcker, som komma att försäljas å Auctions-kammaren i Helsingfors den [ ] 1842

Imprimatur: F. Granbom.

Förteckning öfver framl. domprosten m. m. doctor M. Alopæi efterlemnade boksamling, som kommer att försäljas å Auctions-kammaren i denne stad

Imprimatur: J. M. af Tengström.

Förteckning på böcker, som komma att försäljas å öppen auction på Auctions-kammaren i Helsingfors den [13 och 16 mars] 1844 och följande bok-auctionsdagar

Imprimatur: F. Granbom.

Förteckning öfver böcker och musikalier, som komma att försäljas å Auctions-kammaren i Helsingfors, den [10 martii] 1847, och följande bokauktionsdagar

Imprimatur: F. Granbom.

Förteckning öfver böcker som skola försäljas å Auctions-kammaren i Helsingfors, den [ ] 1850

Imprimatur: N. A. Gyldén.

The Impact of Acquisitions on Share Pricing and Long Term Performance – Empirical Evidence from the Global Automotive Industry

Automotive industry has faced intense consolidation pressure, which has lead to increasing number of M&As. However, empirical evidence has given controversial results suggesting that most of M&As are value destructive for acquiring companies and for acquiring companies’ shareholders. The objective of this master’s thesis is to examine how acquiring companies’ shareholders react to acquisition announcement and is the reaction in line with the long-term performance. This study uses empirical evidence from automotive industry, which has been characterized as an industry that holds large amount of vertical and horizontal synergies. Transaction data consists of 65 acquisitions made by publicly listed companies between 2008-2010. The short-term impact is tested by applying event study methodology while the long term operative performance is examined with accounting study methodology. The event study results indicate that during the three days after acquisition (t= 0-2), the acquiring firms’ stocks generate an abnormal return of 1.22% on average across all acquisitions. When long term performance is studied it is evident that acquiring companies perform better than the industry median pre- and post-transaction but there is no statistically significant evidence that the performance has increased. The only performance ratio indicating statistically significant decrease is Return on Equity (ROE). On long-term horizontal acquisitions seem to outperform conglomerate ones but otherwise deal characteristics do not have any statistically significant impact.

Search engine advertising in web retailing : an efficiency analysis

This study examines the efficiency of search engine advertising strategies employed by firms. The research setting is the online retailing industry, which is characterized by extensive use of Web technologies and high competition for market share and profitability. For Internet retailers, search engines are increasingly serving as an information gateway for many decision-making tasks. In particular, Search engine advertising (SEA) has opened a new marketing channel for retailers to attract new customers and improve their performance. In addition to natural (organic) search marketing strategies, search engine advertisers compete for top advertisement slots provided by search brokers such as Google and Yahoo! through keyword auctions. The rationale being that greater visibility on a search engine during a keyword search will capture customers' interest in a business and its product or service offerings. Search engines account for most online activities today. Compared with the slow growth of traditional marketing channels, online search volumes continue to grow at a steady rate. According to the Search Engine Marketing Professional Organization, spending on search engine marketing by North American firms in 2008 was estimated at $13.5 billion. Despite the significant role SEA plays in Web retailing, scholarly research on the topic is limited. Prior studies in SEA have focused on search engine auction mechanism design. In contrast, research on the business value of SEA has been limited by the lack of empirical data on search advertising practices. Recent advances in search and retail technologies have created datarich environments that enable new research opportunities at the interface of marketing and information technology. This research uses extensive data from Web retailing and Google-based search advertising and evaluates Web retailers' use of resources, search advertising techniques, and other relevant factors that contribute to business performance across different metrics. The methods used include Data Envelopment Analysis (DEA), data mining, and multivariate statistics. This research contributes to empirical research by analyzing several Web retail firms in different industry sectors and product categories. One of the key findings is that the dynamics of sponsored search advertising vary between multi-channel and Web-only retailers. While the key performance metrics for multi-channel retailers include measures such as online sales, conversion rate (CR), c1ick-through-rate (CTR), and impressions, the key performance metrics for Web-only retailers focus on organic and sponsored ad ranks. These results provide a useful contribution to our organizational level understanding of search engine advertising strategies, both for multi-channel and Web-only retailers. These results also contribute to current knowledge in technology-driven marketing strategies and provide managers with a better understanding of sponsored search advertising and its impact on various performance metrics in Web retailing.

Certificate for One Share of Capital Stock in Nicola Valley Coal and Coke Company

Certificate for 1 share of capital stock in Nicola Valley Coal and Coke Company to Welland D. Woodruff, May 13, 1905.

Certificate for One Share of Capital Stock in St. Catharines Golf Club Ltd.

Certificate for 1 share of capital stock in St. Catharines Golf Club Ltd. to Dr. Thos. Woodruff, April 15, 1911.