Mergers and acquisitions: value creation in the luxury goods industry
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/143072 |
Resumo: | With tremendous growth, the luxury goods industry is an intriguing puzzle with limited research on its announcement effect of mergers and acquisitions(M&A).This project examines this shortfall from the perspective of the acquirers using the event study. A statistically non-significant announcement effect is noted in main sample when targets are both private and public. For sub-samples, a statistically significant negative announcement effect, with the targets for public companies, is revealed. M&A in the Americas tends to produce positive abnormal returns, and there is nota significant difference between cross-border, or domestic, M&A in the luxury goods industry. All results are proved with evidence and tested using multiple statistical methods. |
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Mergers and acquisitions: value creation in the luxury goods industryMergers and acquisitionsEvent studyLuxury industryAnnouncement effectDomínio/Área Científica::Ciências Sociais::Economia e GestãoWith tremendous growth, the luxury goods industry is an intriguing puzzle with limited research on its announcement effect of mergers and acquisitions(M&A).This project examines this shortfall from the perspective of the acquirers using the event study. A statistically non-significant announcement effect is noted in main sample when targets are both private and public. For sub-samples, a statistically significant negative announcement effect, with the targets for public companies, is revealed. M&A in the Americas tends to produce positive abnormal returns, and there is nota significant difference between cross-border, or domestic, M&A in the luxury goods industry. All results are proved with evidence and tested using multiple statistical methods.Soares, Maria Margarida FigueiredoRUNYuqi, Zhao2022-08-17T13:11:50Z2021-01-142020-12-012021-01-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/143072TID:202793028enginfo: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:RCAAP2024-03-11T05:21:09Zoai:run.unl.pt:10362/143072Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:39.819700Repositório 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 |
Mergers and acquisitions: value creation in the luxury goods industry |
title |
Mergers and acquisitions: value creation in the luxury goods industry |
spellingShingle |
Mergers and acquisitions: value creation in the luxury goods industry Yuqi, Zhao Mergers and acquisitions Event study Luxury industry Announcement effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Mergers and acquisitions: value creation in the luxury goods industry |
title_full |
Mergers and acquisitions: value creation in the luxury goods industry |
title_fullStr |
Mergers and acquisitions: value creation in the luxury goods industry |
title_full_unstemmed |
Mergers and acquisitions: value creation in the luxury goods industry |
title_sort |
Mergers and acquisitions: value creation in the luxury goods industry |
author |
Yuqi, Zhao |
author_facet |
Yuqi, Zhao |
author_role |
author |
dc.contributor.none.fl_str_mv |
Soares, Maria Margarida Figueiredo RUN |
dc.contributor.author.fl_str_mv |
Yuqi, Zhao |
dc.subject.por.fl_str_mv |
Mergers and acquisitions Event study Luxury industry Announcement effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Mergers and acquisitions Event study Luxury industry Announcement effect Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
With tremendous growth, the luxury goods industry is an intriguing puzzle with limited research on its announcement effect of mergers and acquisitions(M&A).This project examines this shortfall from the perspective of the acquirers using the event study. A statistically non-significant announcement effect is noted in main sample when targets are both private and public. For sub-samples, a statistically significant negative announcement effect, with the targets for public companies, is revealed. M&A in the Americas tends to produce positive abnormal returns, and there is nota significant difference between cross-border, or domestic, M&A in the luxury goods industry. All results are proved with evidence and tested using multiple statistical methods. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-12-01 2021-01-14 2021-01-14T00:00:00Z 2022-08-17T13:11:50Z |
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/10362/143072 TID:202793028 |
url |
http://hdl.handle.net/10362/143072 |
identifier_str_mv |
TID:202793028 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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