Explaining shifts in systematic risk after merger: Some empirical evidence
In this paper we discuss the change in the beta of an acquiring firm after merger, and examine the unexplained difference between the beta predicted by capital market theory and the beta actually calculated. The analysis is done within two different frameworks, equity beta on the one hand and asset...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
AOSIS
1988-12-01
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| Series: | South African Journal of Business Management |
| Online Access: | https://sajbm.org/index.php/sajbm/article/view/1754 |