Stock Market Reaction of Bidding firms to Merger and Acquisition Announcements in the Shipping Industry

 
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2015 (EN)
Stock Market Reaction of Bidding firms to Merger and Acquisition Announcements in the Shipping Industry (EN)

Krikopoulou, Christina (EN)

School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance (EL)
Dasilas, Apostolos (EN)

Mergers and acquisitions have proved to be the most effective strategies towards the completion and achievement of the organizational objectives of shipping firms. The importance of this corporate event is evidenced by the increasing number of transactions that took place in recent years. The purpose of this dissertation is to investigate the stock market reaction of listed bidding shipping firms to the announcement of a merger or an acquisition. The transactions of mergers do not only create value on the merging enterprises, but also generate a positive or negative wealth effect for the shareholders of bidding firms. Employing the classical event study methodology of the dataset consists of 172 mergers and acquisitions that occurred between 2000 and 2014. Empirical results revealed positive abnormal and cumulative abnormal returns for the acquiring firms on the announcement day and period, respectively. (EN)

masterThesis

Dissertations, Academic (EN)
Shipping--Mergers (EN)
Stock exchanges (EN)
Consolidation and merger of corporations (EN)
Finance (EN)
Mergers (EN)
Bidding firms (EN)
Stock market returns (EN)
Mergers and acquisitions (EN)
Event study analysis (EN)
Shipping industry (EN)
Letting of contracts (EN)

Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)

2015-11-28


IHU (EN)



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