The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust

碩士 === 嶺東科技大學 === 財務金融研究所 === 102 === This Study discusses the impact of financial holding company merger and acquisition on stock return and corporate value, adopting Chinaturst to be the object. The study term is from 2003-2011 for the four mergers that are Grand Commercial Bank, Fongshan Credit C...

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Main Authors:	Lin Wei-Liang, 林韋良
Other Authors:	Dr. Kuang-Fu Cheng
Format:	Others
Language:	zh-TW
Published:	2013
Online Access:	http://ndltd.ncl.edu.tw/handle/jd3wbn

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spelling	ndltd-TW-101LTC003040162019-05-15T21:12:41Z http://ndltd.ncl.edu.tw/handle/jd3wbn The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust 金控公司併購對股價報酬及公司價值影響之研究－以中國信託金融控股公司為例 Lin Wei-Liang 林韋良碩士嶺東科技大學財務金融研究所 102 This Study discusses the impact of financial holding company merger and acquisition on stock return and corporate value, adopting Chinaturst to be the object. The study term is from 2003-2011 for the four mergers that are Grand Commercial Bank, Fongshan Credit Cooperative, Enterprise Bank of Hualien, and Metropolitan Life Insurance Company. This study adopts Event Study to research what impacts of M&A acts react to Stock Return, the conclusion discovers the impact of market are almost negative just only Metropolitan Life Insurance Company has positive CAR. According to Tobin’s q results of M&A, Grand Commercial Bank , Enterprise Bank of Hualien can bring the achievements of firm. On the other hand, the study comes out of ROA and ROS can’t help company to earn more benefits. Dr. Kuang-Fu Cheng 鄭光甫 2013 學位論文 ; thesis 50 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 嶺東科技大學 === 財務金融研究所 === 102 === This Study discusses the impact of financial holding company merger and acquisition on stock return and corporate value, adopting Chinaturst to be the object. The study term is from 2003-2011 for the four mergers that are Grand Commercial Bank, Fongshan Credit Cooperative, Enterprise Bank of Hualien, and Metropolitan Life Insurance Company. This study adopts Event Study to research what impacts of M&A acts react to Stock Return, the conclusion discovers the impact of market are almost negative just only Metropolitan Life Insurance Company has positive CAR. According to Tobin’s q results of M&A, Grand Commercial Bank , Enterprise Bank of Hualien can bring the achievements of firm. On the other hand, the study comes out of ROA and ROS can’t help company to earn more benefits.
author2	Dr. Kuang-Fu Cheng
author_facet	Dr. Kuang-Fu Cheng Lin Wei-Liang 林韋良
author	Lin Wei-Liang 林韋良
spellingShingle	Lin Wei-Liang 林韋良 The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
author_sort	Lin Wei-Liang
title	The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
title_short	The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
title_full	The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
title_fullStr	The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
title_full_unstemmed	The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust
title_sort	impact of financial holding company m&a on stock return and corporate value -- a case study of chinatrust
publishDate	2013
url	http://ndltd.ncl.edu.tw/handle/jd3wbn
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The Impact of Financial Holding Company M&A on Stock Return and Corporate Value -- a Case Study of Chinatrust

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