Short-term wealth effects of acquisition announcements by family-controlled firms in Malaysia
This study investigates whether Malaysian family-controlled firms create firm value when undertaking corporate acquisitions and which family-specific traits determine this value. Event study methodology is employed to examine the announcement-period wealth effect of corporate acquisition (cumulative...
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| Format: | Thesis |
| Language: | English |
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Curtin University
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/950 |
| Summary: | This study investigates whether Malaysian family-controlled firms create firm value when undertaking corporate acquisitions and which family-specific traits determine this value. Event study methodology is employed to examine the announcement-period wealth effect of corporate acquisition (cumulative abnormal returns – CAR). Inferences drawn in this study are based on 267-sample corporate acquisition announcements performed by publicly listed Malaysian family-controlled firms across a 10-year sample period from the years 2002 to 2011. |
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