Essays about: "mergers and acquisitions"

Showing result 1 - 5 of 194 essays containing the words mergers and acquisitions.

  1. 1. A Short Walk on Wall Street - Does Short Selling Exposure Improve M&A Quality?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Julius Lühr; Daniel Schmidt; [2018]
    Keywords : Short Selling; Mergers Acquisitions; Corporate Governance; Regulation SHO; Governance by Trade;

    Abstract : We examine whether short sellers are a source of effective corporate governance in the context of M&A. Using a sample of 9,386 U.S. mergers & acquisitions from 2002 to 2016, we find that acquirers subject to more short interest experience significantly higher announcement period abnormal stock returns. READ MORE

  2. 2. Are M&A returns and the effect of diversification different during a financial crisis?

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Thomas Colenbrander; [2018]
    Keywords : mergers acquisitions; financial crisis; cross-border diversification; industrial diversification; event study; regression analysis.;

    Abstract : This thesis researches what effect the economic crisis of ’08-’09 had on the returns of M&A deals, and whether the type of diversification in the deal affected this relationship. In order to do this, a sample of 898 M&A deals announced between 2006 and 2011 is constructed. READ MORE

  3. 3. The influence of consolidation and internationalization on systemic risk in the financial sector

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Rinke Bakker; [2018]
    Keywords : Marginal Expected Shortfall; Internationalization; Mergers and Acquisitions; Banking; Consolidation;

    Abstract : This paper analyses the impact of banking mergers on systemic risk, with in particular if internationalization prior to acquisition increases systemic risk. By using the marginal expected shortfall methodology for an international sample of mergers, a significant increase in systemic risk is found as a result of mergers in the financial sector. READ MORE

  4. 4. A Two-tale Test of IFRS 3's Implications on Swedish Mergers and Acquisitions - Has the transition to an indefinite life of Goodwill changed managers acquisition behavior and the acquisition performance?

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Niclas Nyqvist; Karin Blommegård; [2018]
    Keywords : Mergers and Acquisitions; IFRS 3; Goodwill; Discretion Potential; Signaling Theory;

    Abstract : In this thesis we aim to answer two questions: (i) has the implementation of IFRS 3 changed manager's acquisition behavior; (ii) and does it have an impact on acquisition performance? The implementation of IFRS 3 in 2004 materially changed the way acquisitions are accounted for and reviewed. Advocators argue for increased transparency and accountability for M&As subsequent performance, while others fear increased managerial discretion. READ MORE

  5. 5. Does it pay off to ‘buy’ well? Empirical Evidence from an M&A Perspective

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : J.J. VAN ESSEN; [2018]
    Keywords : Corporate social responsibility CSR ; M As; stakeholder view; institutional frameworks; abnormal announcement returns;

    Abstract : Mergers and acquisitions (M&As) offer a framework to shed a new light on whether corporate social responsibility (CSR) performance enhances corporate financial performance (CFP). Using ASSET4 data as a measurement of CSR performance in a sample of worldwide deals for the period 2004-2017, I find evidence that the environmental performance of target firms enhances acquirers’ shareholder wealth. READ MORE