Wealth of Merger and Acquisition on Acquiring Firms in Brazil

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dc.contributor.author Chu
dc.contributor.author Ma, Jianyu
dc.contributor.author Geng, Mingzhai
dc.contributor.author Chu, Yun
dc.contributor.author Chen, Jason C.
dc.date.accessioned 2019-02-22T19:06:11Z
dc.date.available 2019-02-22T19:06:11Z
dc.date.issued 2018-07
dc.identifier.citation Ma, J., Geng, M., Chu, Y., & Chen, J. C. (2018). Wealth of Merger and Acquisition on Acquiring Firms in Brazil. International Journal of Information Systems and Social Change (IJISSC), 9(3), 70-84. doi: IGI Global en_US
dc.identifier.uri http://hdl.handle.net/11347/289
dc.description.abstract In this article, the authors examine the distribution of the stock returns for the acquiring firm and the corresponding market index. They find thatsignificant non-normal distributions exist in a large number of acquiring firms. The authors use two robust regressions to examine the reliability of the standard OLS market models and find that no significant abnormal gain or loss in the selected windows, when all sample deals are included for analysis. However, positive abnormal returns appear in almost all selected windows when analysing deals in financial service industry, and negative abnormal returns appear in almost all selected windows when analysing deals in non-financial industries. Selection of the model and formation of the sample affect the results. en_US
dc.language.iso en_US en_US
dc.subject Acquisition en_US
dc.subject Brazil en_US
dc.subject Event Study en_US
dc.subject Mergers en_US
dc.subject Robust Regression en_US
dc.title Wealth of Merger and Acquisition on Acquiring Firms in Brazil en_US
dc.type Article en_US


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