The impact of merger and acquisition announcements on prices of Canadian real estate sector

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dc.contributor.advisor Boabang, Francis
dc.coverage.spatial Canada
dc.creator Sun, Jing
dc.date.accessioned 2013-09-17T17:20:40Z
dc.date.available 2013-09-17T17:20:40Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25187
dc.description 1 online resource ( vi, 44 p.)
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (p. 38-41).
dc.description.abstract The purpose of this paper is to examine whether or not the Merger and Acquisition (M&A) announcements affect the stock prices of Canadian real estate sector and if investors can obtain abnormal return based on these M&A announcements. A sample of 39 M&A announcements released by 25 publicly traded real estate firms during 2011 and 2012 are selected in the sample. By applying the market model, Average Abnormal Return Model (AAR) and Average Cumulative Abnormal Return Model (ACAR), the outputs show that the Canadian real estate sector is efficient in semi-strong form and investors cannot obtain abnormal returns from the M&A announcements released by these firms. Also, the M&A activities have no impact on Canadian real estate firms based on the selected sample. en_CA
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title The impact of merger and acquisition announcements on prices of Canadian real estate sector en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)


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