Leader Performance in M&A

碩士 === 國立暨南國際大學 === 財務金融學系 === 101 === In this paper, we investigate whether leading acquisition in industry merger wave can affect CAR and BHAR by examining acquiring firms listed on NYSE and NASDAQ in U.S between 2000 and 2010. We find that, in the short-run, cumulative abnormal return (CAR) for l...

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Main Authors:	Chuang, Mingfang, 莊銘芳
Other Authors:	Lin, Lin
Format:	Others
Language:	zh-TW
Published:	2013
Online Access:	http://ndltd.ncl.edu.tw/handle/21958561835256919776

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spelling	ndltd-TW-100NCNU03040102015-10-13T21:56:02Z http://ndltd.ncl.edu.tw/handle/21958561835256919776 Leader Performance in M&A 領先者併購績效之探討 Chuang, Mingfang 莊銘芳碩士國立暨南國際大學財務金融學系 101 In this paper, we investigate whether leading acquisition in industry merger wave can affect CAR and BHAR by examining acquiring firms listed on NYSE and NASDAQ in U.S between 2000 and 2010. We find that, in the short-run, cumulative abnormal return (CAR) for leader can’t outperform follower in industry merger wave. However, in the long-run, buy-and-hold abnormal return (BHAR) for leader are higher than follower under no global finanacial event shock . As a result, leader advantage exist in the long-term abnormal return. Lin, Lin 林霖 2013 學位論文 ; thesis 42 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立暨南國際大學 === 財務金融學系 === 101 === In this paper, we investigate whether leading acquisition in industry merger wave can affect CAR and BHAR by examining acquiring firms listed on NYSE and NASDAQ in U.S between 2000 and 2010. We find that, in the short-run, cumulative abnormal return (CAR) for leader can’t outperform follower in industry merger wave. However, in the long-run, buy-and-hold abnormal return (BHAR) for leader are higher than follower under no global finanacial event shock . As a result, leader advantage exist in the long-term abnormal return.
author2	Lin, Lin
author_facet	Lin, Lin Chuang, Mingfang 莊銘芳
author	Chuang, Mingfang 莊銘芳
spellingShingle	Chuang, Mingfang 莊銘芳 Leader Performance in M&A
author_sort	Chuang, Mingfang
title	Leader Performance in M&A
title_short	Leader Performance in M&A
title_full	Leader Performance in M&A
title_fullStr	Leader Performance in M&A
title_full_unstemmed	Leader Performance in M&A
title_sort	leader performance in m&a
publishDate	2013
url	http://ndltd.ncl.edu.tw/handle/21958561835256919776
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Leader Performance in M&A

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