Acquiring firm characteristics and stock market efficiency: A case study approach

Lin Lin, Jenifer Piesse, De Wai Chou

    研究成果: 雜誌貢獻期刊論文同行評審

    1 引文 斯高帕斯(Scopus)

    摘要

    Previous studies have considered the market for corporate control, but have tended to assume that this is a strategy undertaken by financially robust acquiring firms. This paper provides five case studies that reflect that both acquirers and targets have differing financial characteristics. In depth examination has found that the ambiguous results in the literature are due to a lack of understanding of the complexity and diversity of takeover participants. These results indicate that while the market is efficient, there are a number of different effects of takeover that relate to the diverse nature of firms and their environment.

    原文英語
    頁(從 - 到)576-598
    頁數23
    期刊International Journal of Services, Technology and Management
    6
    發行號6
    DOIs
    出版狀態已發佈 - 2005 十二月 1

    ASJC Scopus subject areas

    • 工程 (全部)
    • 電腦科學應用
    • 策略與管理
    • 行銷

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