Evaluation of the financial performance of American bidding companies!

Rebecca, Korang (2012) Evaluation of the financial performance of American bidding companies! [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

This research study is aimed at studying the impact of mergers and acquisitions’ financial performance in different American industries over the period of 1998 to 2011. By examining the short-term stock performances and the long term accounting performance of public listed and traded companies in US, one can examine the financial performance changes associated with the merge activities in both long and short term. Also, one can argue that post-merged performances might be different depending on the size of the bidder and method of payment.

This clearly shows the importance of understanding what factors that determine a positive post acquisition performance. All this might lead to a better understanding of performances of merges and acquiring firms. The study led to a negative performance around announcement of the deal with a more fluctuation AR after the announcement, while a positive abnormal return around complete date but constant negative returns after the announcement.

When it comes to the operating performance, the indicators revealed that 100 acquirer companies in U.S. between 1989 and 2011 do sometimes achieve significant improvement after the first quarterly period. It gives the impression that the profit is might be generated each time. The study also showed that small firms’ shares do fairly perform better than large firms.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 08 Apr 2013 11:18
Last Modified: 24 Oct 2016 07:20
URI: http://eprints.nottingham.ac.uk/id/eprint/26189

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