Shareholders wealth and mergers and acquisitions (M&As)
نویسندگان
چکیده
منابع مشابه
Large Wealth Creation in Mergers and Acquisitions
We examine completed M&A deals with large bidder shareholder dollar wealth gains at announcement. Our results show that large-gain acquisitions are (i) typically “bolt-on” deals that are small relative to the acquirer’s size; (ii) transaction-specific events (not firmor CEOspecific events); (iii) enhanced by synergies from a strategic fit in the supply chain; and; (iv) executed by bidders with ...
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During the last decade, Nigeria has witnessed significant growth in corporate mergers and acquisitions. Reasons behind mergers and acquisitions are to syntheses and enhance the corporate tenacity (synergy). In the existing study, an attempt has been on the study of the impact of mergers and acquisitions on the shareholders wealth. The study specifically on companies which have undergone merger ...
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This paper investigates the reaction of financial markets to the announcement of a business combination between software firms. Based on the theory of economic networks, this article argues that mergers of software firms should lead to greater wealth creation because of the network effect theoretically linked to the combination of software products. This hypothesis is partially supported, as on...
متن کاملImpact of Mergers and Acquisitions on Shareholders’ Wealth in Short-Run: An Empirical Study of Indian Pharmaceutical Industry
Indian pharmaceutical industry has carved out a unique place on the global map, not only as a manufacturer of generic drugs but also of new formulations, with growing emphasis on research and development and new drug discovery. The present paper examines the short-run abnormal returns to India based mergers and acquisitions focusing on the pharmaceutical industry during 2001-2007 by using event...
متن کاملMergers and Acquisitions
what a merger is and how it differs from an acquisition; some of the reasons why companies merge; the underlying merger rationales; what a merger driver is; what the primary merger drivers are; the difference between horizontal integration, vertical integration and conglomeration; the basic merger lifecycle and lifecycle phases; some basic measures of success for mergers; the ...
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ژورنال
عنوان ژورنال: Investment Management and Financial Innovations
سال: 2017
ISSN: 1810-4967,1812-9358
DOI: 10.21511/imfi.14(3).2017.02