Essays about: "operating performance mergers"
Showing result 1 - 5 of 15 essays containing the words operating performance mergers.
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1. The Fundamental Drivers of Merger Waves - A study of industry level merger activity in the Nordic market
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : We examine if merger waves occur on an industry level in the Nordics, and the underlying drivers of these waves. We conduct simulations of the empirical distribution of merger activity, univariate tests and regressions of logit models to address this research question. READ MORE
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2. The Impact of CEO Age on The Performance of Mergers and Acquisitions in The Pharmaceutical Industry
University essay from Handelshögskolan i Stockholm/Institutionen för marknadsföring och strategiAbstract : The purpose of this paper is to examine whether the age of the CEO can have an impact on the performance of mergers and acquisitions in the pharmaceutical industry. Prior research has shown that M&As, in general, generates returns in line with, or lower than expected returns fo the acquiring company. READ MORE
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3. Overvalued stock: M&A or SEO? A study of the performance and decision making of overvalued firms.
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study examines two ways of exploiting overvalued stock by US firms: Conducting a seasoned equity offering (SEO) or a stock swap acquisition. As market misvaluations provide short-term opportunities for managers to receive large potential gains, the decision of how to utilize stock overvaluation can have a significant impact on the value created. READ MORE
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4. Hit or miss? - Do acquisitions create value for the acquiring company’s shareholders? A long-term event study on acquisitions performed by Swedish IT companies.
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : In this paper, we investigate the long-term post-event stock return performance of companies operating in the IT sector and listed on NASDAQ Stockholm by using 78 mergers and acquisitions deals performed in the 2009 – 2013 period. We apply the event study methodology, focusing on the buy-and-hold abnormal returns approach. READ MORE
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5. 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 finansieringAbstract : 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
