Publicação
Merger waves: the effect on post-merger corporate Pperformance
| 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. |
|---|---|
| Autores principais: | Ivackovic, Sara |
| Assunto: | Merger & acquisitions M&A Merger waves Corporate performance Long-Tterm abnormal returns Short-term abnormal returns Value Ccreation Off-wave On-wave Wealth effect |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868983303614234624 |
|---|---|
| author | Ivackovic, Sara |
| author_facet | Ivackovic, Sara |
| author_role | author |
| contributor_name_str_mv | Anjos, Fernando RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Ivackovic, Sara\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Anjos, Fernando RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Ivackovic, Sara |
| datacite.date.Accepted.fl_str_mv | 2023-01-19T00:00:00Z |
| datacite.date.available.fl_str_mv | 2024-02-02T15:17:52Z |
| datacite.date.embargoed.fl_str_mv | 2024-02-02T15:17:52Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.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 |
| datacite.titles.title.fl_str_mv | Merger waves: the effect on post-merger corporate Pperformance |
| dc.contributor.none.fl_str_mv | Anjos, Fernando RUN |
| dc.creator.none.fl_str_mv | Ivackovic, Sara |
| dc.date.Accepted.fl_str_mv | 2023-01-19T00:00:00Z |
| dc.date.available.fl_str_mv | 2024-02-02T15:17:52Z |
| dc.date.embargoed.fl_str_mv | 2024-02-02T15:17:52Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/163029 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.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 |
| dc.title.fl_str_mv | Merger waves: the effect on post-merger corporate Pperformance |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/331ced13-3059-4fc5-980d-e41c313a267e/download |
| id | run_5fa6876ac1fa3b5a73bbfcde8a829eec |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/163029 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/163029 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Ivackovic, Sara |
| publishDate | 2023 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTThe 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.application/pdfpt_PTMerger waves: the effect on post-merger corporate PperformanceIvackovic, SaraAnjos, FernandoHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2033145222024-02-02T15:17:52Z2023-01-192022-12-162023-01-19T00:00:00ZHandlehttp://hdl.handle.net/10362/163029http://purl.org/coar/access_right/c_abf2open accessMerger & acquisitionsM&AMerger wavesCorporate performanceLong-Tterm abnormal returnsShort-term abnormal returnsValue CcreationOff-waveOn-waveWealth effect797525 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/331ced13-3059-4fc5-980d-e41c313a267e/download |
| 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 |
| status | SINGLETON |
| subject.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 |
| title | 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_short | Merger waves: the effect on post-merger corporate Pperformance |
| title_sort | Merger waves: the effect on post-merger corporate Pperformance |
| 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 |
| topic_facet | Merger & acquisitions M&A Merger waves Corporate performance Long-Tterm abnormal returns Short-term abnormal returns Value Ccreation Off-wave On-wave Wealth effect |
| url | http://hdl.handle.net/10362/163029 |
| visible | 1 |