Merger waves: the effect on post-merger corporate Pperformance
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/163029 |
Resumo: | The research offers a thorough analysis of the influence of historical merger waves on post merger corporate performance. Through the application of statistical tests and regressions, I show that mergers and acquisitions initiated during merger waves are associated with higher short-term abnormal stock returns and lower long-term abnormal stock returns. In contrast to existing research, I use the Fama–French three-factor model to measure the cumulative abnormal stock performance of acquirers for two-day, two-year, and three-year periods following the acquisition. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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7160 |
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Merger waves: the effect on post-merger corporate PperformanceMerger & acquisitionsM&AMerger wavesCorporate performanceLong-Tterm abnormal returnsShort-term abnormal returnsValue CcreationOff-waveOn-waveWealth effectDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe research offers a thorough analysis of the influence of historical merger waves on post merger corporate performance. Through the application of statistical tests and regressions, I show that mergers and acquisitions initiated during merger waves are associated with higher short-term abnormal stock returns and lower long-term abnormal stock returns. In contrast to existing research, I use the Fama–French three-factor model to measure the cumulative abnormal stock performance of acquirers for two-day, two-year, and three-year periods following the acquisition.Fernando Anjos, FernandoRUNIvackovic, Sara2024-02-02T15:17:52Z2023-01-192022-12-162023-01-19T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/163029TID:203314522enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:46:05Zoai:run.unl.pt:10362/163029Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:59:14.243233Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Merger waves: the effect on post-merger corporate Pperformance |
title |
Merger waves: the effect on post-merger corporate Pperformance |
spellingShingle |
Merger waves: the effect on post-merger corporate Pperformance Ivackovic, Sara Merger & acquisitions M&A Merger waves Corporate performance Long-Tterm abnormal returns Short-term abnormal returns Value Ccreation Off-wave On-wave Wealth effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Merger waves: the effect on post-merger corporate Pperformance |
title_full |
Merger waves: the effect on post-merger corporate Pperformance |
title_fullStr |
Merger waves: the effect on post-merger corporate Pperformance |
title_full_unstemmed |
Merger waves: the effect on post-merger corporate Pperformance |
title_sort |
Merger waves: the effect on post-merger corporate Pperformance |
author |
Ivackovic, Sara |
author_facet |
Ivackovic, Sara |
author_role |
author |
dc.contributor.none.fl_str_mv |
Fernando Anjos, Fernando RUN |
dc.contributor.author.fl_str_mv |
Ivackovic, Sara |
dc.subject.por.fl_str_mv |
Merger & acquisitions M&A Merger waves Corporate performance Long-Tterm abnormal returns Short-term abnormal returns Value Ccreation Off-wave On-wave Wealth effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Merger & acquisitions M&A Merger waves Corporate performance Long-Tterm abnormal returns Short-term abnormal returns Value Ccreation Off-wave On-wave Wealth effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The research offers a thorough analysis of the influence of historical merger waves on post merger corporate performance. Through the application of statistical tests and regressions, I show that mergers and acquisitions initiated during merger waves are associated with higher short-term abnormal stock returns and lower long-term abnormal stock returns. In contrast to existing research, I use the Fama–French three-factor model to measure the cumulative abnormal stock performance of acquirers for two-day, two-year, and three-year periods following the acquisition. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-16 2023-01-19 2023-01-19T00:00:00Z 2024-02-02T15:17:52Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/163029 TID:203314522 |
url |
http://hdl.handle.net/10362/163029 |
identifier_str_mv |
TID:203314522 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
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1799138172247998464 |