The target size effect

Haynes, Andrea. (1991). The target size effect Honours Thesis, School of Business, University of Queensland.

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Author Haynes, Andrea.
Thesis Title The target size effect
School, Centre or Institute School of Business
Institution University of Queensland
Publication date 1991
Thesis type Honours Thesis
Total pages 145
Language eng
Subjects 14 Economics
Formatted abstract
This thesis examines the relationship between the size of target firms and the market's reaction to the announcement of a takeover offer. It was found that small firm takeover targets earn significantly greater abnormal returns when compared to larger targets. These findings appear to support the information asymmetry argument as an explanation for the existence of the size effect.

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Created: Wed, 20 Oct 2010, 13:09:59 EST by Ning Jing on behalf of The University of Queensland Library