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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title What makes M&A transactions a success? - An empirical study
Organization Unit
Authors
  • Yannick Bühlmann
Supervisors
  • Elisabeth Megally
  • Michel Habib
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 31
Date 2017
Abstract Text This thesis analyses M&A activity in Switzerland on its profitability and on the factors, that effect their returns. This study found that M&As in Switzerland generally yield a negative return of -0.63%. However, this result remains statistically insignificant. Further, it is suggested that domestic deals and related deals are associated with high positive abnormal returns. In contrast, cross-border acquisitions and diversifying deals yield to a negative abnormal return. In addition, it is shown that there is a positive relationship between the abnormal return and the transaction value, respectively the enterprise value.
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