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The impact of merger and acquisition on Canadian energy firms
Zou, Yingyi
Date: 2012
Type: Text
Abstract:
This study is trying to answer the question M&A can create value for Canadian
energy firms or destroy value for them. It uses 37 acquiring firms in 2010 and 42
acquiring firms in 2011 in order to find the relationship between merger and
acquisition (M&A) and post-acquisition performance of Canadian energy firms to
make a reasonable conclusion whether market reaction to M&A is good or bad. In the
thesis, the market model and cumulative abnormal return (CAR) are used. From the
output, there exists evidence of statistically significant abnormal returns. It shows
higher trading volume during the event window as well.
Description:
1 online resource (v, 29 leaves) : ill.
Includes abstract and appendix.
Includes bibliographical references (leaves 24-26).