The Impact of Announcement of Strategic Alliance on Stockholders' Wealth
| Autor: | Ming-Kung Tsai, 蔡明恭 |
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| Rok vydání: | 2000 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 88 The purpose of this article is to explore the impact of the announcement of strategic alliance on stockholders’ wealth. Our sample includes 115 announcement events of 65 companies listed on Taiwan Stock Exchange during 1996-1998. As a whole, It was found by the event study that an announcement of strategic alliance results in a significantly positive wealth effect. Especially, in the industries including foods, textiles, electric and electronic the effect is much more significant ; The alliances of marketing, finance, manufacturing-marketing coalition create more stockholders’ wealth. Besides, the kind of alliances with no equity-linkage, and intra-industry cooperation accompany with more stockholders’ wealth. Keywords : strategic alliance, stockholders’ wealth, event study. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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