Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Performance of Serial Acquirers in Europe |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 46 |
| Date | 2016 |
| Abstract Text | This thesis uses 4,001 European acquisitions since 1981 to 2015 to investigate the impact of the status of serial acquirers to performance of acquisitions. The findings show that being a serial acquirer decreases returns by 0.75%, acquirers from a country with higher protection standards of shareholders, have lower returns. Observing performance of deal order, there is no clear evidence neither of persistent hubris nor of gradual learning in the acquisition process. However, serial acquirers have lower returns after the first successful deal and they pay higher premia for their targets, as compared to single acquirers. |
| PDF File |
Download
|
| Export |
BibTeX
|