| Autor: |
Barbara Sveva Magnanelli, Luigi Nasta, Emanuele Ramazio |
| Rok vydání: |
2022 |
| Předmět: |
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| Zdroj: |
Finance Research Letters. 49:103093 |
| ISSN: |
1544-6123 |
| DOI: |
10.1016/j.frl.2022.103093 |
| Popis: |
Economic conditions within the market affect the likelihood of performing a business combination between firms. Indeed, the level of uncertainty during period of crisis plays a relevant role in MA transactions. This paper is one of the first attempts to investigate the relationship between health crisis and business combinations. The findings show that while the bid premiums computed using the target's share price thirty days before the transaction announcement increase for MA operations performed during health crises, the cumulative abnormal returns decrease. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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