Long-Term Abnormal Returns of Takeovers: The Impact of Merger and Acquisition on China Company Performance
This paper tends to examine the long-run postacquisition abnormal returns of bidding firms in the Chinese market. We apply the buy-and-hold abnormal return (BHAR) and risk-adjusted factor model to estimate the abnormal returns. By testing 30 acquisitions that selected from the Chinese stock markets...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2008
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| Online Access: | https://eprints.nottingham.ac.uk/21848/ |