Show simple item record

dc.contributor.authorGravdal, Thea Marie
dc.contributor.authorKokkersvold, Eline Haugetun
dc.date.accessioned2019-11-01T12:08:12Z
dc.date.available2019-11-01T12:08:12Z
dc.date.issued2019
dc.identifier.urihttp://hdl.handle.net/11250/2626099
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2019nb_NO
dc.description.abstractThe objective of this thesis is to examine the economic effect when announcing a takeover in the Norwegian stock market. The research investigates acquisition announcements between 2009 – 2018, where the goal is to see the impact that the payment method has on the abnormal returns. This research has applied event study methodology, finding that the acquiring firm on average experience a negative abnormal announcement return of -1,38%. However, when checking for cash and stock as the payment method, the research finds that cash has a positive significant abnormal return of 2,34% and stock have a negative significant abnormal return of -3,01%. Hence, we find evidence of higher abnormal return when using cash as the method-of-payment. Furthermore, cash is robust and holds when controlling for different measures of payment methods, deal characteristics and firm characteristics. In conclusion, the acquiring firm creates value for its shareholders under certain conditions.nb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.titleDo Acquiring Firms Gain from Takeovers? Empirical evidence from the Norwegian stock market with a focus on the payment methodnb_NO
dc.typeMaster thesisnb_NO


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record