Have a personal or library account? Click to login
Event Study in the Evaluation of Effects of Mergers and Acquisitions Cover

Event Study in the Evaluation of Effects of Mergers and Acquisitions

Open Access
|Mar 2008

References

  1. Agrawal, A., Jaffe, J.F. & Mandelker, G.N. (1992, September). The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly. The Journal of Finance, XL VII(4), 1605-1621.10.1111/j.1540-6261.1992.tb04674.x
  2. Baker, R.D. & Limmack, R.J. (2001, April). UK Takeovers and Acquiring Company Wealth Changes: The Impact of Survivorship and Other Potential Selection Biases on Post-Outcome Performance. EFMA 2001 Lugano Meetings; U of Stirling Accounting, Finance & Law, Working Paper No. 01-04. Retrieved January 18, 2008, from SSRN eLibrary Database http://ssrn.com/abstract=26863310.2139/ssrn.268633
  3. Barber, B.M. & Lyon, J.D. (1997). Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics. Journal of Financial Economics, 43, 341-372.10.1016/S0304-405X(96)00890-2
  4. Bergström, C., Högfeldt, P. & Högholm, K. (1993). Strategic Blocking, Arbitrageurs and the Division of the Takeover Gains. Multinational Financial Management, 3, 217-248.
  5. Dasgupta, S., Laplantte, B. & Mamingi, N. (1998). Capital Market Response to Environmental Performance in Developing Countries. April, The World Bank.10.1596/1813-9450-1909
  6. Diacogiannis, G.P. (1994). Financial Management. A Modeling Approach Using Spreadsheets. London: McGraw-Hill.
  7. Doukas, J.A., Holmén, M. & Travlos, N.G. (2001, February). Corporate Diversification and Firm Performance: Evidence from Swedish Acquisitions. Retrieved January 18, 2008, from SSRN eLibrary Database http://ssrn.com/abstract=250520.DOI:10.2139/ssrn.25052010.2139/ssrn.250520
  8. Fama, E.F., Fisher, L., Jensen, M.C. & Roll R. (1969). The Adjustment of Stock Prices to New Information. International Review, 10, 1-21.
  9. Fama, E.F. (1998). Market Efficiency, Long-Term Returns, and Behavioral Finance. Journal of Financial Economics, 49, 283-306.10.1016/S0304-405X(98)00026-9
  10. Goergen, M. & Renneboog, L. (2003, January). Shareholder Wealth Effects of European Domestic and Cross-border Takeovers Bids. ECGI-Finance Working Paper, 08/2003. Retrieved January 18, 2008, from SSRN eLibrary Database http://ssrn.com/abstract=37244010.2139/ssrn.372440
  11. Gregory, A. (1997). An Examination of the Long Run Performance of UK Acquiring Firms. Journal of Business Finance & Accounting, 24, 971-1002.10.1111/1468-5957.00146
  12. Higson, C. & Elliott, J. (1998). Post-takeover Returns: The UK Evidence, Journal of Empirical Finance, 5, 27-46.10.1016/S0927-5398(96)00015-1
  13. Kothari, S.P. & Warner, J.B. (2004, October). Econometrics of Event Studies. Retrieved January 18, 2008, from SSRN eLibrary Database http://ssrn.com/abstract=60860110.2139/ssrn.608601
  14. Kothari, S.P. & Warner, J.B. (1997). Measuring Long-horizon Security Price Performance. Journal of Financial Economics, 43, 301-339.10.1016/S0304-405X(96)00899-9
  15. Lewandowski, M. (2001). Fuzje i przejęcia w Polsce na tle tendencji światowych. Warszawa: WIG PRESS.
  16. Limmack, R J. (2003). Discussion of Glamour Acquirers, Method of Payment and Post-acquisitions Performance: The UK Evidence. Journal of Business Finance & Accounting, 30, 343-350.10.1111/1468-5957.00495
  17. Loderer, C. & Martin, K. (1990). Corporate Acquisitions by Listed Firms: The Experience of a Comprehensive Sample. Financial Management, Winter, 17-33.10.2307/3665607
  18. Lyon, J.D., Barber, B.M. & Tsai, C.L. (1999). Improved Methods for Tests of Long-run Abnormal Stock returns. The Journal of Finance, 54, 165-201.10.1111/0022-1082.00101
  19. Machała, R. (2005). Przejęcia i fuzje. Wpływ na wartość. Wrocław: Oficyna Wydawnicza UNIMEX.
  20. Mitchell, M.L. & Stafford, E. (1999, October). Managerial Decisions and Long-Term Stock Price Performance. CRSP Working Paper, 453. Retrieved January 18, 2008, from SSRN eLibrary Database http://ssrn.com/abstract=9413710.2139/ssrn.94137
  21. Moeller, S.B., Schlingemann, F.P. & Stulz, R.M. (2003). Do Shareholders of Acquiring Firms Gain from Acquisitions? NBER Working Paper Series. Retrieved January 18, 2008, from http://www.nber.org/papers/w9523
  22. Perepeczo, A. & Zarzecki, D. (2006). Wyniki badań efektów finansowych przejęć na podstawie danych rynkowych spółek notowanych na warszawskiej giełdzie papierów wartościowych. In D. Zarzecki (Ed.), Zarządzanie finansami. Inwestycje i wycena przedsiębiorstw. Vol. I (pp.423-434). Szczecin: Uniwersytet Szczeciński.
  23. Rau, P.R. & Vermaelen, T. (1998). Glamour, Value and the Post-Acquisition Performance of Acquiring Firms. Journal of Financial Economics, 49, 223-253.10.1016/S0304-405X(98)00023-3
  24. Szyszka, A. (2002). Studium wydarzeń: reakcja inwestorów na publiczne wezwania do sprzedaży akcji. In D. Zarzecki (Ed.), Zarządzanie finansami. Klasyczne zasady - nowoczesne narzędzia (pp. 737-749). Szczecin: Uniwersytet Szczeciński.
  25. Sudarsanam, S., Holl, P. & Salami, A. (1996). Shareholder Wealth Gains in Mergers: Effect of Synergy and Ownership Structure. Journal of Business Finance & Accounting, 23, 673-698.10.1111/j.1468-5957.1996.tb01148.x
  26. Sudarsanam, S. & Mahate, A.A. (2003). Glamour Acquirers, Method of Payment and Post-Acquisition Performance: The UK Evidence. Journal of Business Finance & Accounting, 30, 299-341.10.1111/1468-5957.00494
  27. Sudarsanam, S. (2003). Creating Value from Mergers and Acquisitions. The Challenges. FTPrenticeHall.
  28. Sudarsanam, S. (1998). Fuzje i przejęcia. Warszawa: WIG PRESS.
DOI: https://doi.org/10.2478/v10031-007-0007-2 | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237
Language: English
Page range: 107 - 122
Published on: Mar 12, 2008
Published by: University of Szczecin
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2008 Agnieszka Perepeczo, published by University of Szczecin
This work is licensed under the Creative Commons License.

Volume 6 (2007): Issue 1 (January 2007)