| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 88 === Technology, Deregulation, Globalization, and a handful of other well-recognized forces remain the principal drivers of M&A as the end of the 20th Century looms. In year 1999 alone, the total U.S. merger and acquisition activity reached 20 percent of nation''s gross domestic product, or the value of all goods and services produced. Along with this rising rate, Internet merger and acquisitions soared, accounting for 4.4 percent of all merger and acquisition, up from 1.5 percent from 1998 . The growth of Internet M&A activities is significantly reshaping landscapes of the cyber world. Objective of this study is to explore motives behind the recent Internet M&A activities; to present framework and characteristics of Internet M&A; to study the effect of Internet M&A on shareholder wealth by examining abnormal returns of the acquiring firms surrounding the M&A announcements during the period of January through December, 1999.
|
|---|
