Impact of M&A Announcements on Listed Firms in the Iberian Markets
By:
References
- Abdullayeva, N. V. (2015), Value creation through mergers and acquisitions in energy sector, Journal of Economic Sciences: Theory & Practice, 72(1), 61-94
- Adra, S., Barbopoulos, L. G., Saunders, A. (2020), The impact of monetary policy on M&A outcomes, Journal of Corporate Finance, 62, 101529 Issue C. https://doi.org/10.1016/j.jcorpfin.2019.10152910.1016/j.jcorpfin.2019.101529
- Agrawal, A., Jaffe, J. F., Mandelker, G. N. (1992), The post-merger performance of acquiring firms: A re-examination of an anomaly, The journal of finance, 47(4), 1605-162110.1111/j.1540-6261.1992.tb04674.x
- Alhenawi, Y., Stilwell, M. L. (2019), Toward a complete definition of relatedness in merger and acquisition transactions, Review of Quantitative Finance & Accounting, 53(2), 351-396. https://doi.org/10.1007/s11156-018-0752-310.1007/s11156-018-0752-3
- Amewu, G. (2014), Implication of mergers and acquisitions on stock returns before and during the 2007-2009 credit crunch: An event study approach, African Review of Economics and Finance, 6, 102-119
- Bastardo, C., Gomes, A. (1991): F&A - Uma abordagem da avaliação de empresas, Texto Editora
- Beaver, W. (1968), The information content of annual earnings announcements, Journal of Accounting Research, 6, 67-9210.2307/2490070
- Bereskin, F., Byun, S. K., Officer, M. S., Oh, J.-M. (2018), The effect of cultural similarity on mergers and acquisitions: Evidence from corporate social responsibility, Journal of Financial & Quantitative Analysis, 53(5), 1995-2039. https://doi.org/10.1017/S002210901800071610.1017/S0022109018000716
- Bomfim, E., Callado, A. (2016), Análise do desempenho económico-financeiro de empresas brasileiras que realizaram operações de fusões e de aquisições, Revista de Ciências da Administração, 18(45), 79-95. http://dx.doi.org/10.5007/2175-8077.2016v18n45p7910.5007/2175-8077.2016v18n45p79
- Borges, M., Gairifo, R. (2013), Abnormal returns before acquisition announcements: Evidence from Europe, Applied Economics, 45. https://doi.org/10.1080/00036846.2012.73013410.1080/00036846.2012.730134
- Braga, J. P., Gomes, L. M. P. (2016), The impact of the preliminary announcement on the abnormal returns of the companies involved in takeover bids in the Portuguese stock market between 2000 and 2014. Copernican Journal of Finance & Accounting, 5(1), 39-65. http://dx.doi.org/10.12775/CJFA.2016.00310.12775/CJFA.2016.003
- Brandão, E. (2014): Finanças, Porto Editora. ISBN 9729550182
- Brueller, N. N., Carmeli, A., Drori, I. (2014), How do different types of mergers and acquisitions facilitate strategic agility? California Management Review, 56(3), 39-57. https://doi.org/10.1525/cmr.2014.56.3.3910.1525/cmr.2014.56.3.39
- Campa, J. M., Hernando, I. (2006), M&As performance in the European financial industry, Journal of Banking and Finance, 30(12), 3367-3392. https://doi.org/10.1016/j.jbankfin.2006.06.00610.1016/j.jbankfin.2006.06.006
- Chang, R. P., Moore, K. (2012): Mergers and Acquisitions, in Clayman, M. R., Fridson, M. S., Troughton, G. H., Scanlan Matthew (eds.) Corporate Finance: A Practical Approach, USA: Cfa Institute Investment Series, 407-462
- Chen, W., Cui, Y. (2019), Motivation and acquisition premium: Evidence from Chinese shipping industry, Journal of Coastal Research, 94, 44710.2112/SI94-089.1
- Corrar, L., Batistella, F. D., Bergmann, D. R., Aguiar, A. B. (2004): Retornos de ações e governança corporativa: um estudo de eventos, In Anais, São Paulo: EAC/FEA/USP
- Ferreira, D. (2002): Fusões, aquisições e reestruturação de empresas (Vol. I), Lisboa, Edições Sílabo
- Garcia, C., Azevedo, P. (2019), Should competition authorities care about conglomerate mergers? International Journal of Industrial Organization, 66, 78–118. https://doi.org/10.1016/j.ijindorg.2019.06.00110.1016/j.ijindorg.2019.06.001
- Gugler, K., Mueller, D., Yurtoglu, B., Zulehner, C. (2003), The effects of mergers: an international comparison, International Journal of Industrial Organization. 21, 625-65310.1016/S0167-7187(02)00107-8
- Hitt, M., King, D., Krishnan, H., Makri, M., Schijven, M., Shimizu, K., Zhu, H. (2012): Creating value through mergers and acquisitions, The Handbook of Mergers and Acquisitions. DOI: 10.1093/acprof:oso/9780199601462.001.000110.1093/acprof:oso/9780199601462.001.0001
- Karamanos, A., Bakatselos, G., Agolli, R. (2015), Abnormal stock market returns to announcements of M&A banking deals in Greece 1996-2013, Management Dynamics in the Knowledge Economy, 3(2), 317-338
- Kishore, K., Jindal, D. (2017), Effect of the Cairn-Vedanta merger on stock returns of Cairn India Ltd: An event study, Journal of Academic Research in Economics, 9(2), 199-212
- Krolikowski, M. W., Adhikari, H. P., Malm, J., Sah, N. B. (2017), Inter-firm linkages and M&A returns, The Quarterly Review of Economics and Finance, 63, 135-146. https://doi.org/10.1016/j.qref.2016.04.00910.1016/j.qref.2016.04.009
- Kumar, R. (2009), Post-merger corporate performance: an Indian perspective, Management Research News, 32(2), 145-15710.1108/01409170910927604
- Leite, H., Sanvicente, A. (1995): Índice Bovespa: um padrão para os investimentos brasileiros, São Paulo, Atlas
- Lin, C., Officer, M. S., Shen, B. (2018), Managerial risk-taking incentives and merger decisions, Journal of Financial & Quantitative Analysis, 53(2), 643-680. https://doi.org/10.1017/S002210901700126010.1017/S0022109017001260
- Lipton, M. (2006): Merger waves in the 19th, 20th and 21st Centuries, The Davies Lecture, Osgoode Hall Law School, York University
- Mackinlay, A. C. (1997), Event studies in economics and finance, Journal of Economic Literature, American Economic Association, vol. 35, n.1, p.17-20
- Mall, P., Gupta, K. (2019), Impact of merger and acquisition announcements on stock returns and intraday volatility: Evidence from Indian banking sector, Journal of Entrepreneurship & Management, 8(3), 1-1110.24191/MAR.V19i01-04
- Martynova, M., Renneboog, L. (2005), Takeover waves: Triggers, performance and motives, Tilburg University and European Corporate Governance Institute Discussion Paper, Vol. 2005-029, Tilburg
- Martynova, M., Renneboog, L. (2008), A century of corporate takeovers: What have we learned and where do we stand? Journal of Banking and Finance, 32(10), 2148-2177. https://doi.org/10.1016/j.jbankfin.2007.12.03810.1016/j.jbankfin.2007.12.038
- Matos, P., Rodrigues, V. (2000): Fusões & aquisições-motivações, efeitos e política, Cascais, Principia, Publicações Universitárias e Científicas
- Motta, L., Oliveira, P., Cavazotte, F., Figueiredo A., Klotzle, M. (2013), Criação de valor em fusões e aquisições brasileiras, Revista de Administração FACES Journal, 12(4), 100-118
- Murthy, U., Smith, T., Whitworth, J., Zhang, Y. (2020), The effects of information systems compatibility on firm performance following mergers and acquisitions, Journal of Information Systems, 34(2), 211–233. https://doi.org/10.2308/isys-18-00410.2308/isys-18-004
- O’Brien, A. (1988), Factory size, economies of scale, and the great merger wave of 1898-1902, Journal of Economic History 48, 639-64910.1017/S0022050700005866
- Oswal, S., Goel, K. (2020), The impact of merger and acquisition announcements on acquirer’s share price: An analytical study using random effects, IUP Journal of Applied Economics, Hyderabad 19(3), 8-25
- Pandey, D., Kumari, V. (2020), Effects of merger and acquisition announcements on stock returns: An empirical study of banks listed on Nse and Nyse, Review of Finance & Banking, 12(1), 49-62. https://doi.org/10.24818/rfb.20.12.01.0410.24818/rfb.20.12.01.04
- Powell, R., Stark, A. (2005), Does operating performance increase post takeover for U.K. takeovers? A comparison of performance measures and benchmarks, Journal of Corporate Finance, 11, 293-317. DOI:10.1016/j.jcorpfin.2003.06.00110.1016/j.jcorpfin.2003.06.001
- Ross, S., Westerfield, R., Jaffe, J. (1995): Administração financeira: Corporate finance, São Paulo, Atlas
- Santos, T., Calegario, C., Carvalho, F. (2018), Fusões e aquisições na indústria manufatureira: Uma análise econométrica das companhias de capital aberto, Revista de Ciências da Administração, 20(51), 102-119. http://dx.doi.org/10.5007/2175-8077.2018V20n51p10210.5007/2175-8077.2018v20n51p102
- Shah, P., Arora, P. (2014), M&A announcements and their effect on return to shareholders: An event study, Accouting and Finance Research, 3(2), 170-190. https://doi.org/10.5430/afr.v3n2p17010.5430/afr.v3n2p170
- Silva, E. (2015): Fusões e aquisições: Abordagem contabilística, financeira e fiscal, Vida Económica, Porto
- Song, X., Tippett, M., Vivian, A. (2017), Assessing abnormal returns: The case of Chinese M&A acquiring firms, Research in International Business and Finance, 42, Issue C, 191-207. https://doi.org/10.1016/j.ribaf.2017.05.00910.1016/j.ribaf.2017.05.009
- Sudarsanam, S. (2003): Creating value from mergers and acquisitions: The challanges: An integrated and international perspective, Harlow, Pearson Education
- Valente, H. (2005): F&A - regulação e finanças das empresas, Vida Económica
- Varma, A., Sharma, R. (2015), Reliance’s takeover of network 18: An event study, The Management Accountant Journal, 50(3), 46-49
- Vieito, J., Maquieira, C. (2010): Finanças empresariais: Teoria e prática, Lisboa, Escolar Editora
Language: English
Page range: 132 - 150
Published on: Jan 27, 2023
Published by: Lucian Blaga University of Sibiu
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year
Related subjects:
© 2023 Bruno F. S. Lobo, Luís M. P. Gomes, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.