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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | The impact of merger waves on the performance following mergers |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 41 |
| Date | 2019 |
| Abstract Text | This paper examines the phenomenon of merger waves and its impact on the stock price performance of acquirors’ firms after the completion of a M&A. Evidence is found that merger waves do appear. But there is an incline in the frequency and magnitude of merger waves towards the end of the observation period. Simultaneously, the performance becomes less negatively affected by merger waves. This can to some extent be explained by the market sentiment which does not seem to be characterised by optimism as it was before the financial crisis in 2008 and therefore less value-destroying deals are initialised. |
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