Evaluation and wealth effects of merger and acquisition announcements on the US utility industry

Yao, Yao

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	United States
dc.creator	Yao, Yao
dc.date.accessioned	2013-11-28T19:11:03Z
dc.date.available	2013-11-28T19:11:03Z
dc.date.issued	2013
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/25430
dc.description	1 online resource (39 p.)
dc.description	Includes abstract and appendices.
dc.description	Includes bibliographical references (p. 30-34).
dc.description.abstract	The purpose of this paper is evaluate the relationship between mergers and acquisitions and the post and pre acquisition performance of some utility firms in the United States. Based on the result of the analysis, we evaluate whether it is good or bad performance for the market reaction. A sample of 50 M&A cases is randomly chosen from Bloomberg for this study. These M&A occurred between January 2010 and August 2013. We employ Cumulative Abnormal Return (CAR) and the Market Model to analyze the sample to determine whether or not M&A can create value for utility industry in the U.S.	en_CA
dc.description.provenance	Submitted by Trish Grelot (trish.grelot@smu.ca) on 2013-11-28T19:11:03Z No. of bitstreams: 1 yao_yao_mrp_2013.pdf: 655101 bytes, checksum: 72307aa849d7901c888a42503cc627c6 (MD5)	en
dc.description.provenance	Made available in DSpace on 2013-11-28T19:11:03Z (GMT). No. of bitstreams: 1 yao_yao_mrp_2013.pdf: 655101 bytes, checksum: 72307aa849d7901c888a42503cc627c6 (MD5)	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	Evaluation and wealth effects of merger and acquisition announcements on the US utility industry	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.)