Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Shareholder Wealth Effects of M&A Announcements by Swiss Acquirers |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 43 |
| Date | 2012 |
| Abstract Text | Average Abnormal- and Cumulated Percentage Returns of public acquirers domiciled in Switzerland show significant positive return signs surrounding acquisition announcements for the period of 1980 to 2011. Average Cumulated Abnormal Percentage Returns being a significant 1.1% for bidding and 22.6% for targeted firms. 126 substantial as well as statistical and economical significant transactions generate 33 billion Swiss Francs of shareholder wealth, returning eight centimes for every Swiss Franc invested. Over two-thirds being accounted by just fourteen firms. Post-takeover announcement long-term performance showed a significant Average Abnormal Buy-and-Hold Return of 11.7% twelve months after the announcement. |
| PDF File |
Download
|
| Export |
BibTeX
|