The Effects of Acquisitions on Firm Value, Evidence from Turkey
Acquisitions are assumed to create value for both the target and the acquiring firm. This paper analyzes the sources of value creation in acquisitions and examines the domestic acquisitions that took place in Turkey in 2013. By taking the overall market considerations into account, I measure the deg...
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| Language: | English |
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Dogus University
2015-01-01
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| Series: | Doğuş Üniversitesi Dergisi |
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| Online Access: | http://journal.dogus.edu.tr/index.php/duj/article/view/879/pdf_131 |
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doaj-751d90352e5547ddbce2fa890767dd2f2020-11-24T22:49:52ZengDogus UniversityDoğuş Üniversitesi Dergisi1302-67391308-69792015-01-011617990The Effects of Acquisitions on Firm Value, Evidence from TurkeyFatma Büşra GÜNAY BENDAŞ0Washington and Lee UniversityAcquisitions are assumed to create value for both the target and the acquiring firm. This paper analyzes the sources of value creation in acquisitions and examines the domestic acquisitions that took place in Turkey in 2013. By taking the overall market considerations into account, I measure the degree of value creation over different periods of time. I use the standard market value technique to calculate abnormal returns in stock prices of the acquiring firms and find that the increase in firm value is statistically significant in the long run but not in the short run.http://journal.dogus.edu.tr/index.php/duj/article/view/879/pdf_131AcquisitionsFinancial MarketsEvent Studies |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Fatma Büşra GÜNAY BENDAŞ |
| spellingShingle |
Fatma Büşra GÜNAY BENDAŞ The Effects of Acquisitions on Firm Value, Evidence from Turkey Doğuş Üniversitesi Dergisi Acquisitions Financial Markets Event Studies |
| author_facet |
Fatma Büşra GÜNAY BENDAŞ |
| author_sort |
Fatma Büşra GÜNAY BENDAŞ |
| title |
The Effects of Acquisitions on Firm Value, Evidence from Turkey |
| title_short |
The Effects of Acquisitions on Firm Value, Evidence from Turkey |
| title_full |
The Effects of Acquisitions on Firm Value, Evidence from Turkey |
| title_fullStr |
The Effects of Acquisitions on Firm Value, Evidence from Turkey |
| title_full_unstemmed |
The Effects of Acquisitions on Firm Value, Evidence from Turkey |
| title_sort |
effects of acquisitions on firm value, evidence from turkey |
| publisher |
Dogus University |
| series |
Doğuş Üniversitesi Dergisi |
| issn |
1302-6739 1308-6979 |
| publishDate |
2015-01-01 |
| description |
Acquisitions are assumed to create value for both the target and the acquiring firm. This paper analyzes the sources of value creation in acquisitions and examines the domestic acquisitions that took place in Turkey in 2013. By taking the overall market considerations into account, I measure the degree of value creation over different periods of time. I use the standard market value technique to calculate abnormal returns in stock prices of the acquiring firms and find that the increase in firm value is statistically significant in the long run but not in the short run. |
| topic |
Acquisitions Financial Markets Event Studies |
| url |
http://journal.dogus.edu.tr/index.php/duj/article/view/879/pdf_131 |
| work_keys_str_mv |
AT fatmabusragunaybendas theeffectsofacquisitionsonfirmvalueevidencefromturkey AT fatmabusragunaybendas effectsofacquisitionsonfirmvalueevidencefromturkey |
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1725674768923885568 |