Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements
碩士 === 國立中正大學 === 財務金融所 === 95 === This paper examines the effects of mergers on bidding firms?stock prices. We find evidence of merger momentum: bidder stock prices are more likely to increase when a merger is announced if recent mergers by other firms have been received well (a ot?merger market)...
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2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/91967294290321245541 |
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ndltd-TW-095CCU053040482015-10-13T14:08:36Z http://ndltd.ncl.edu.tw/handle/91967294290321245541 Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements 以動能及投資人情緒評估台灣股票市場對購併宣告之反應 Ming Fang 方民 碩士 國立中正大學 財務金融所 95 This paper examines the effects of mergers on bidding firms?stock prices. We find evidence of merger momentum: bidder stock prices are more likely to increase when a merger is announced if recent mergers by other firms have been received well (a ot?merger market) or if the overall stock market is doing better. However, there is long run reversal. Long-run bidder stock returns are lower for mergers announced when the either merger or stock markets were hot at the time of the merger than for those announced at other times. Lee-Young Cheng 鄭揚耀 2007 學位論文 ; thesis 108 zh-TW |
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NDLTD |
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zh-TW |
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Others
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碩士 === 國立中正大學 === 財務金融所 === 95 === This paper examines the effects of mergers on bidding firms?stock prices. We find evidence of merger momentum: bidder stock prices are more likely to increase when a merger is announced if recent mergers by other firms have been received well (a ot?merger market) or if the overall stock market is doing better. However, there is long run reversal. Long-run bidder stock returns are lower for mergers announced when the either merger or stock markets were hot at the time of the merger than for those announced at other times.
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Lee-Young Cheng |
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Lee-Young Cheng Ming Fang 方民 |
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Ming Fang 方民 |
| spellingShingle |
Ming Fang 方民 Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| author_sort |
Ming Fang |
| title |
Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| title_short |
Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| title_full |
Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| title_fullStr |
Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| title_full_unstemmed |
Merger Momentum and Investor Sentiment: the emperical study in Taiwan Stock Market Reaction to Merger Announcements |
| title_sort |
merger momentum and investor sentiment: the emperical study in taiwan stock market reaction to merger announcements |
| publishDate |
2007 |
| url |
http://ndltd.ncl.edu.tw/handle/91967294290321245541 |
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