| Summary: | 碩士 === 國立暨南國際大學 === 財務金融學系 === 102 === Zinvey(1996)provide evidence suggesting that the market overreacts to takeover rumors. In This study, we focus on the effect of different religions Acquiring companies and examines the stock performance around rumor announcement between 1980 and 2012 period. In addition to separately investigate the effect of Christian, Buddhism and Islam acquiring companies in market model abnormal return, we also use religious factors, religious differences, the source of rumor announcement and the Acquiring company's corporate characteristics to explain the short-term cumulative abnormal returns. In other hand we also investigate Christianity, Buddhism and Islam of single religion acquiring company short-term cumulative abnormal returns, and try to find whether those religion acquiring company will have different results.
|
|---|
