Essays about: "effect of payment method on return"

Showing result 1 - 5 of 8 essays containing the words effect of payment method on return.

1. 1. Payment Method and Public Acquiror Returns: Evidence from the U.S. Market for Corporate Control

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Filip Toncev; [2023]
   Keywords : Mergers Acquisitions; Public Acquiror; Payment Method; Financial Stress; Abnormal Return;

   Abstract : This thesis examines the relationship between method of payment, financial stress, and acquiror abnormal returns using a sample of 676 acquisitions by NYSE, NYSE American, and Nasdaq listed non-financial, non-utility firms. In normal market conditions the results are generally consistent with previous findings, with stock acquisitions of private targets generating the highest abnormal returns. READ MORE

3. 2. Stock or Cash? Explaining the Payment Method Choice of M&As and the Effect on Performance on the European Developed Markets

   University essay from Göteborgs universitet/Graduate School

   Author : gustav kollberg; john skantze; [2022-06-29]
   Keywords : Payment Method; Stock Bid; Cash Bid; Determinants of the Payment Method; Cumulative Abnormal Return; Opportunistic Behaviour; Rational Payment Design; M A; Information Asymmetry; Adverse Selection;

   Abstract : We investigate what factors determine the choice of the payment method when choosing between payment of stocks or cash during an acquisition or merger. Furthermore, we examine how that choice of payment method affects the bidder’s performance in the short term by examining the changes in the cumulative abnormal return. READ MORE

4. 3. The impact of the method of payment on the excess return in M&As

   University essay from Göteborgs universitet/Företagsekonomiska institutionen

   Author : Anton Harrie; William Tarnow; [2022-04-07]
   Keywords : Method of payment; M A; Mergers and Acquisitions; Industry related; Information Asymmetry; Excess return;

   Abstract : There is extensive literature regarding M&A and how it is a crucial part in companies growth strategy. Furthermore, several authors have found in their research that there exists a relationship between the method of payment and the performance of the M&A and how it will affect the market reaction around the announcement, where most literature claims that cash as a payment method yields a more positive return than if stock is used. READ MORE

5. 4. The Performance of Serial Acquirers : Evidence from the Nordic market

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Mattias Gionis; Jesper Stugemo; [2022]
   Keywords : mergers and acquisitions; Serial acquirers; short term and long term performance; hubris hypothesis; learning hypothesis; payment method;

   Abstract : This thesis examines the performance of serial acquirers in the Nordic market between 2006-2016. We investigate how serial acquirers perform in the short-term and long-term and if serial acquirers are affected by hubris, or if they learn by experience. READ MORE

6. 5. The Revaluation Effect Following M&A Withdrawals: Evidence from Europe between 1997-2019

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Anton Gomez; Jonathan Hedin; [2020]
   Keywords : Withdrawn bids; Cancelled bids; Event study; Target revaluation; Cumulative abnormal return; Business and Economics;

   Abstract : The main purpose of this study is to examine the revaluation effect on European target firms following a withdrawn bid. Thereto, investigate if different deal characteristics including method of payment, company status, cross-border versus domestic, and industry relatedness cause any variation in the revaluation effect on target firm wealth. READ MORE