Title page for etd-0604114-131858


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URN etd-0604114-131858
Author Pu-ching Liu
Author's Email Address idcure@hotmail.com
Statistics This thesis had been viewed 5583 times. Download 82 times.
Department Finance
Year 2013
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title An analysis of bidders in mergers and acquisitions
Date of Defense 2014-06-25
Page Count 51
Keyword
  • mis-valuation
  • information asymmetry
  • mergers and acquisitions
  • stock offers
  • abnormal returns
  • Abstract This thesis analyzes the factors which affect acquirers’ decisions to take over target companies. We find that acquirers are more likely to use stock offers when the liquidity increases and the stock market is booming. In addition, bidders in stock offers experience a positive abnormal return, and the information spill-over occurs in these mergers. Furthermore, acquirers’ abnormal returns decrease as a proxy for information asymmetry increases. Finally, acquirers are more likely to use stock offers if the mis-valuation of acquirers’ stock is more severe.
    Advisory Committee
  • Chun-Hua Tang - chair
  • Huei-Mei Liang - co-chair
  • Y. Chris Liao - advisor
  • Files
  • etd-0604114-131858.pdf
  • Indicate in-campus at 3 year and off-campus access at 5 year.
    Date of Submission 2014-07-04

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