Essays about: "long-term buy and- hold-abnormal return"

Showing result 1 - 5 of 15 essays containing the words long-term buy and- hold-abnormal return.

  1. 1. Seasoned Equity Offerings and Disclosure Sentiment Effects: Evidence from the U.S.

    University essay from Göteborgs universitet/Graduate School

    Author : Max Mauritz; Phornchanok Phojan; [2023-06-29]
    Keywords : Seasoned Equity Offerings; Long-Term Event Study; Buy-and-Hold Abnormal Returns; Textual Analysis; Disclosure Sentiment; Disclosure Tone;

    Abstract : This paper updates the data regarding Seasoned Equity Offering firms (SEOs) long-term performance and finds evidence in line with prior research that they underperform in the longterm. Furthermore, using automated textual analysis on the relevant disclosure filings SEO firms in the United States publish (Form 10-K, Form 8-K and Form 424B), we investigate the relationship between disclosure sentiment variables and long-term return performance. READ MORE

  2. 2. To Merge or Not to Merge: The Shareholder Perspective on M&As

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Gustaf Sandelin; Serge Terzian; [2023]
    Keywords : Mergers and acquisitions; determinants of value creation; event studies; European manufacturing industry.; Business and Economics;

    Abstract : This study examines if abnormal return occurs in conjunction with merger announcements in the short-term and compares it with the compounded one-year buy-and-hold abnormal return in the long-interval for European manufacturing firms. In the final sample, the short-term study consisted of 209 firms, while the long-term incorporated 207, both during a sample period of 20 years. READ MORE

  3. 3. Does purchased goodwill create shareholder value?

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

    Author : Philip Eriksson; Edith Wolff; [2023]
    Keywords : purchased goodwill; mergers and acquisitions; long-term performance; industries;

    Abstract : In this paper we examine the relationship between the purchased goodwill proportion (PGP) and the long-term stock performance of US acquirers and how this relationship is moderated by industry classification. Our final sample consists of 676 M&As in the period 2007-2017. READ MORE

  4. 4. The Perception and Impact of Cultural Differences in Cross-Border Acquisitions - An analysis of how cultural differences affect the post-acquisition performance of acquiring companies in cross-border acquisitions

    University essay from Göteborgs universitet/Graduate School

    Author : Adam Lundquist; Sebastian Strömland; [2022-08-18]
    Keywords : Cross-border M A; Cross-border acquisitions; Cultural differences; Cultural distance; Hofstede 6D; M A performance; Cumulative Abnormal Return in M A;

    Abstract : This thesis examines the relationship between cultural differences and the post-acquisition performance of cross-border acquisitions. Cross-border transactions have increased substantially in the last decades which has led to an increase in studies interested in finding key drivers of performance in these transactions. READ MORE

  5. 5. Long-term IPO performance on the Swedish stock market : An event study on Swedish Initial Public Offerings

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : Filip Lööf; Jakob Åkerlund; [2022]
    Keywords : Initial Public Offerings; IPO; Information asymmetry; Behavioral finance; Long-term performance; Abnormal returns;

    Abstract : Context The number of Initial Public Offerings on the Swedish market has increasedrapidly over the last decade, reporting over 100 IPOs only in 2021. Although theincrease has been extraordinary, the majority of the IPO performance researchhas been conducted on larger markets such as the US, Germany, and China. READ MORE