Market Reaction of Rivals to Mergers and Acquisitions Announcements

Autor:	Ssu-Chia Lee, 李偲嘉
Rok vydání:	2015
Druh dokumentu:	學位論文 ; thesis
Popis:	103 In the issue of corporate governance, mergers and acquisitions (M&A) is an imperative means to enhance or complement the competitive advantage of firms. Past studies have demonstrated that the announcement of M&A results in abnormal returns from acquirers and target firms. Shareholders perceive the different impact of M&A on target firms and buyer firms. However, no studies have ever addressed the impact on rivals of buyer firms. In this paper, we investigate whether news stories influence the market value of buyers’ rivals. In addition, since the textual analysis technique has been demonstrated that the sentiment (qualitative information) of news stories is workable, this study also employs it to filter the collected data.
Databáze:	Networked Digital Library of Theses & Dissertations
Externí odkaz:	http://ndltd.ncl.edu.tw/handle/pvu7w7 Zobrazit plný text záznamu