The determinants of the abnormal return of acquiring - Hicham, Sbai
29,99 €
inkl. MwSt.
Versandkostenfrei*
Versandfertig in 1-2 Wochen
  • Broschiertes Buch

This work analyses bidder short-term returns of 74 takeovers bids that occur between 1996 and 2010 on the French market. Furthermore, the determinants of this performance are examined to improve understanding of the sources of value creation or destruction arising from M&A. The event study methodology is used to estimate bidder value creation. Two findings are shown in this study. First, we find strong evidence that the announcement of a takeover bid destructed of value for the bidder. Second, the results show evidence of the destruction of value for bidder. In addition, the relative size of…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
This work analyses bidder short-term returns of 74 takeovers bids that occur between 1996 and 2010 on the French market. Furthermore, the determinants of this performance are examined to improve understanding of the sources of value creation or destruction arising from M&A. The event study methodology is used to estimate bidder value creation. Two findings are shown in this study. First, we find strong evidence that the announcement of a takeover bid destructed of value for the bidder. Second, the results show evidence of the destruction of value for bidder. In addition, the relative size of the target and the level debt is associated with value destruction for the bidder.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Autorenporträt
Dottore di ricerca in Scienze della Gestione presso l'Università di Limoges, dal 2009 è professore di Finanza presso la Scuola Nazionale di Commercio e Management di El Jadida. È responsabile didattico del dipartimento di Gestione finanziaria e contabilità. Le sue ricerche si concentrano su fusioni e acquisizioni e sulla governance bancaria.