A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns

碩士 === 國立高雄第一科技大學 === 金融研究所 === 101 === This study uses event study to investigate whether there is information content in the date of mergers approved by the board . Empirical results indicate that overall there is no significant synergy effect for acquiring financial institutions and investors can...

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Main Authors:	Bao-Ching Yu, 尤寶慶
Other Authors:	Jan-Chung Wang
Format:	Others
Language:	zh-TW
Published:	2013
Online Access:	http://ndltd.ncl.edu.tw/handle/46482101283767314980

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spelling	ndltd-TW-101NKIT56670592017-04-19T04:31:41Z http://ndltd.ncl.edu.tw/handle/46482101283767314980 A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns 金融機構合併與股票異常報酬關係之研究 Bao-Ching Yu 尤寶慶碩士國立高雄第一科技大學金融研究所 101 This study uses event study to investigate whether there is information content in the date of mergers approved by the board . Empirical results indicate that overall there is no significant synergy effect for acquiring financial institutions and investors cannot earn significant positive abnormal returns in the date of merger approval. However, if acquired companies belong to banks, there seems to be synergy and investors can earn positive excess returns. Jan-Chung Wang 王健聰 2013 學位論文 ; thesis 47 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 國立高雄第一科技大學 === 金融研究所 === 101 === This study uses event study to investigate whether there is information content in the date of mergers approved by the board . Empirical results indicate that overall there is no significant synergy effect for acquiring financial institutions and investors cannot earn significant positive abnormal returns in the date of merger approval. However, if acquired companies belong to banks, there seems to be synergy and investors can earn positive excess returns.
author2	Jan-Chung Wang
author_facet	Jan-Chung Wang Bao-Ching Yu 尤寶慶
author	Bao-Ching Yu 尤寶慶
spellingShingle	Bao-Ching Yu 尤寶慶 A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
author_sort	Bao-Ching Yu
title	A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
title_short	A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
title_full	A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
title_fullStr	A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
title_full_unstemmed	A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns
title_sort	study on the relationship between financial institutions merger and abnormal stock returns
publishDate	2013
url	http://ndltd.ncl.edu.tw/handle/46482101283767314980
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A Study on the Relationship between Financial Institutions Merger and Abnormal Stock Returns

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