A study on the wealth effects of irish takeovers and mergers

A study on the wealth effects of irish takeovers and mergers

This paper presents the findings of an empirical study on the share-price effects of takeovers and mergers on the Dublin Stock Exchange. The population under study consists of all acquisitions during the period 1965-83, and it is limited to those instances in which both partners were quoted and trad...

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Veröffentlicht in:Managerial and decision economics 1991-02, Vol.12 (1), p.67-72
1. Verfasser: Murray, Louis C.
Format: Artikel
Sprache:eng
Schlagworte:
Acquisitions & mergers
Business structures
Economic models
Economic value
Effects
Efficient markets
Empirical evidence
Estimation methods
Financial economics
Hostile takeovers
Shareholders
Statistical analysis
Statistical tests
Stock exchanges
Stock prices
Studies
Tender offers
Wealth
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Beschreibung
Zusammenfassung:This paper presents the findings of an empirical study on the share-price effects of takeovers and mergers on the Dublin Stock Exchange. The population under study consists of all acquisitions during the period 1965-83, and it is limited to those instances in which both partners were quoted and traded on the exchange. The Market Model has been adapted to take account of market inefficiencies. Any findings are evaluated in the light of other reported research.
ISSN:0143-6570
1099-1468
DOI:10.1002/mde.4090120107