Merger waves: the effect on post-merger corporate Pperformance

Detalhes bibliográficos
Autor(a) principal: Ivackovic, Sara
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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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spelling 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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T18:17:59Zoai:run.unl.pt:10362/163029Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T17:48:22.860633Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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