Does ownership affect the long-term performance of the acquiring firms?
碩士 === 元智大學 === 財務金融學系 === 98 === This paper investigate the relationship between acquirer’s ownership and their long-term post-merger performance in merger cases, for a sample of 409 U.S merger cases in the period 1992-2006, we find a nonlinear relationship between acquirer’s ownership and their lo...
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2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/85495780169948655593 |
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ndltd-TW-098YZU053040162015-10-13T18:20:43Z http://ndltd.ncl.edu.tw/handle/85495780169948655593 Does ownership affect the long-term performance of the acquiring firms? 主併者之持股比例是否會影響其併購後之長期股價表現? Jiun-Ting Ho 何俊廷 碩士 元智大學 財務金融學系 98 This paper investigate the relationship between acquirer’s ownership and their long-term post-merger performance in merger cases, for a sample of 409 U.S merger cases in the period 1992-2006, we find a nonlinear relationship between acquirer’s ownership and their long-term post-merger performance, and also find that not-100% holding acquirers will perform better than the acquirers with 100% holding after mergers, the results indicate that 100% holding would not be the best policy for acquirers in merger cases and sharing some ownership to target firms is more lucrative to acquirers than 100% takeover. 吳菊華 2010 學位論文 ; thesis 46 en_US |
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NDLTD |
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en_US |
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Others
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NDLTD |
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碩士 === 元智大學 === 財務金融學系 === 98 === This paper investigate the relationship between acquirer’s ownership and their long-term post-merger performance in merger cases, for a sample of 409 U.S merger cases in the period 1992-2006, we find a nonlinear relationship between acquirer’s ownership and their long-term post-merger performance, and also find that not-100% holding acquirers will perform better than the acquirers with 100% holding after mergers, the results indicate that 100% holding would not be the best policy for acquirers in merger cases and sharing some ownership to target firms is more lucrative to acquirers than 100% takeover.
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| author2 |
吳菊華 |
| author_facet |
吳菊華 Jiun-Ting Ho 何俊廷 |
| author |
Jiun-Ting Ho 何俊廷 |
| spellingShingle |
Jiun-Ting Ho 何俊廷 Does ownership affect the long-term performance of the acquiring firms? |
| author_sort |
Jiun-Ting Ho |
| title |
Does ownership affect the long-term performance of the acquiring firms? |
| title_short |
Does ownership affect the long-term performance of the acquiring firms? |
| title_full |
Does ownership affect the long-term performance of the acquiring firms? |
| title_fullStr |
Does ownership affect the long-term performance of the acquiring firms? |
| title_full_unstemmed |
Does ownership affect the long-term performance of the acquiring firms? |
| title_sort |
does ownership affect the long-term performance of the acquiring firms? |
| publishDate |
2010 |
| url |
http://ndltd.ncl.edu.tw/handle/85495780169948655593 |
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