Takeovers, types of financing, bidders' wealth : Australian evidence

Tan, Ah Sehi. (1988). Takeovers, types of financing, bidders' wealth : Australian evidence Master's Thesis, School of Business, University of Queensland.

       
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Author Tan, Ah Sehi.
Thesis Title Takeovers, types of financing, bidders' wealth : Australian evidence
School, Centre or Institute School of Business
Institution University of Queensland
Publication date 1988
Thesis type Master's Thesis
Total pages 65
Language eng
Subjects 1503 Business and Management
Formatted abstract
This thesis examines the impact of types of financing on the returns to bidding firms at the announcement of the takeover bid. The results reveal insignificant abnormal returns during the announcement period. Further, insignificant differences between the abnormal returns of cash-offer bidding firms and that of stock-exchange-offer bidding firms are observed. These findings are inconsistent with the signalling hypothesis, indicating that the inconclusive evidence of earlier Australian studies on takeovers is not due to the failure to control for the method of payment.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Wed, 27 Oct 2010, 12:54:38 EST by Muhammad Noman Ali on behalf of The University of Queensland Library