An analysis of wealth change of acquiring-firm shareholders in the recent technology mergers wave in U.S.

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dc.contributor.advisor Boabang, Francis
dc.coverage.spatial United States
dc.creator Zhang, Shujing
dc.date.accessioned 2016-05-04T14:03:52Z
dc.date.available 2016-05-04T14:03:52Z
dc.date.issued 2015
dc.identifier.uri http://library2.smu.ca/handle/01/26479
dc.description 1 online resource (iv, 32 p.) : ill. (some col.)
dc.description Includes abstract.
dc.description Includes bibliographical references (p. 29-32).
dc.description.abstract This paper examines the experience of acquiring-firm shareholders wealth during recent technology merger wave in U.S. from 2010 to 2014. The methodology in this paper uses 635 acquisitions from the high-tech industry over the period 2010 to 2014. The mean cumulative abnormal return and aggregate dollar return are used to measure the yearly wealth change of acquirer shareholders. The paper finds that large loss and gain deals lead to different results of acquiring-firm shareholders wealth change in the same year. In addition, the paper examines the impact of relative firm and deal characteristics on the results. The findings show that these characteristics contribute limitedly to abnormal returns associated with large loss and gain deals. en_CA
dc.description.provenance Submitted by Greg Hilliard (greg.hilliard@smu.ca) on 2016-05-04T14:03:51Z No. of bitstreams: 1 Zhang_Shujing_MRP_2015.pdf: 650630 bytes, checksum: 09a6cdb1fea93c20ac782a2449965b23 (MD5) en
dc.description.provenance Made available in DSpace on 2016-05-04T14:03:52Z (GMT). No. of bitstreams: 1 Zhang_Shujing_MRP_2015.pdf: 650630 bytes, checksum: 09a6cdb1fea93c20ac782a2449965b23 (MD5) Previous issue date: 2015-12-21 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title An analysis of wealth change of acquiring-firm shareholders in the recent technology mergers wave in U.S. 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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