The impact of cross border M&As on company performance from emerging market: empirical evidence from China
This study is arranged according to three main research tasks: (i) To test short-run announcement wealth effects of Chinese OMAs in stock markets by event study. (ii) To investigate the determinants of OMA announcement effects by cross-sectional regression. (iii) To evaluate the three years company...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26830/ |
| _version_ | 1848793255225851904 |
|---|---|
| author | Qian, Yiwen |
| author_facet | Qian, Yiwen |
| author_sort | Qian, Yiwen |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study is arranged according to three main research tasks: (i) To test short-run announcement wealth effects of Chinese OMAs in stock markets by event study. (ii) To investigate the determinants of OMA announcement effects by cross-sectional regression. (iii) To evaluate the three years company performance after OMA by financial ratio analysis. Findings report highly significant negative abnormal returns around six selected event windows around announcement date in terms of shareholder value and declining trend in financial ratios in three years after OMA activity. No significant result is discovered from hypothesis testing for determinants of negative abnormal returns. |
| first_indexed | 2025-11-14T18:57:23Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-26830 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:57:23Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-268302017-10-19T13:37:59Z https://eprints.nottingham.ac.uk/26830/ The impact of cross border M&As on company performance from emerging market: empirical evidence from China Qian, Yiwen This study is arranged according to three main research tasks: (i) To test short-run announcement wealth effects of Chinese OMAs in stock markets by event study. (ii) To investigate the determinants of OMA announcement effects by cross-sectional regression. (iii) To evaluate the three years company performance after OMA by financial ratio analysis. Findings report highly significant negative abnormal returns around six selected event windows around announcement date in terms of shareholder value and declining trend in financial ratios in three years after OMA activity. No significant result is discovered from hypothesis testing for determinants of negative abnormal returns. 2013-09-18 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26830/1/final_dissertation.pdf Qian, Yiwen (2013) The impact of cross border M&As on company performance from emerging market: empirical evidence from China. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Qian, Yiwen The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title | The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title_full | The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title_fullStr | The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title_full_unstemmed | The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title_short | The impact of cross border M&As on company performance from emerging market: empirical evidence from China |
| title_sort | impact of cross border m&as on company performance from emerging market: empirical evidence from china |
| url | https://eprints.nottingham.ac.uk/26830/ |