رسالة جامعية
Analysis of Large Gain for Acquirers in Mergers and Acquisitions
| العنوان: | Analysis of Large Gain for Acquirers in Mergers and Acquisitions |
|---|---|
| العنوان البديل: | 併購交易之主併方大獲利分析 |
| المؤلفون: | Heng-Yi Wang, 王恆一 |
| مرشدي الرسالة: | 邱顯比 |
| سنة النشر: | 2019 |
| المجموعة: | National Digital Library of Theses and Dissertations in Taiwan |
| الوصف: | 107 This paper mainly focuses on M&A deals that bring large gains to the acquirer shareholders, selecting completed deals which both acquirers and targets listed in the U.S. from 2010 to 2017 and using logistic regression to study the characteristics of these deals. Empirical results indicate that M&A deals generating large gains for the acquirer shareholders are usually bolt-on acquisitions. Target companies in large gain M&A deals are smaller compared with the acquirer’s size and there seems to be a supply-demand dependence between the acquirers and targets. The acquirer is more likely to be a highly valued company and is more likely to use cash payment. In addition, evidence in this paper also shows that the deals of acquiring public companies overall create values after 2009. These findings provide important references for the viewpoint that acquirers are profitable and the factors associated with considerable value creation for acquirer shareholders in M&A deals. |
| Original Identifier: | 107NTU05304062 |
| نوع الوثيقة: | 學位論文 ; thesis |
| وصف الملف: | 41 |
| الإتاحة: | http://ndltd.ncl.edu.tw/handle/nhj8y4Test |
| رقم الانضمام: | edsndl.TW.107NTU05304062 |
| قاعدة البيانات: | Networked Digital Library of Theses & Dissertations |
| الوصف غير متاح. |