Tài liệu
The Determinants of Merger Withdrawals’ Abnormal Returns in The Australian Market
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Tóm tắt
This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns, including the method of payment and the impact of fiancial crisis periods. Using the event study method, we document that in the Australian context, the announced withdrawal of mergers involving private targets creates signifiantly negative valuation effcts in comparison with the valuation effcts in withdrawal of mergers involving public targets. We also fid that a fiancial crisis period strongly affcts abnormal returns of merger withdrawals. However, the method of payment does not have any impact on the abnormal returns.
Mô tả
international economy
Tác giả
Nguyen, Thu Thuy
Dao, Thi Thu Trang
Truong, Huy Hoang
Người hướng dẫn
Nơi xuất bản
Nhà xuất bản
Kinh Tế Quốc Dân
Năm xuất bản
2015
ISBN
1871-0020
ISSN
Từ khóa chủ đề
Abnormal return , Australian fims , M&A , withdrawals
Trích dẫn
Bộ sưu tập
Tệp tin
Article 5_JED_Vol 17_Number 3.pdf
D:\NEU_DSpace\tapchitienganh
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