University of Twente Student Theses
The short-term stock market reaction to cross-border M&As and the impact of the asset seeking motive: The case of Indian firms.
Shabo, Rabbi (2019) The short-term stock market reaction to cross-border M&As and the impact of the asset seeking motive: The case of Indian firms.
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| Abstract: | During the last decade the number and value of cross-border M&As by emerging market firms has increased. This thesis examines the stock market reaction to Indian cross-border M&A announcements and the impact of the strategic asset seeking motive on this stock market reaction using the event study methodology and OLS regression models. I find support for a positive stock market reaction, i.e., positive cumulative abnormal returns. A positive impact of the strategic asset seeking motive is only partly supported. There is support for the positive impact of the target being located in a developed country. However, there is no support for the positive impact of the bidder being active in the service sector. There is also no support for a positive association between the level of technology exports in the host country and cumulative abnormal returns. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/78836 |
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