Abstract
[Truncated] This thesis investigates and explains the divergent results reported in separate Australian studies on the economic consequences of corporate takeovers. Walter(1980) and Bishop, Dodd and Officer (1987) analyse the share market effects of takeovers and conclude that takeovers, on balance, are value-maximising investments. McDougall and Round (1986) analyse merging firms' financial statements and conclude that merged firms do worse post-takeover relative to both the pre-merger period and to matched non-merging firms.
Original language | English |
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Qualification | Doctor of Philosophy |
Awarding Institution |
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DOIs | |
Publication status | Unpublished - 1994 |
Take-down notice
- This thesis has been made available in the UWA Profiles and Research Repository as part of a UWA Library project to digitise and make available theses completed before 2003. If you are the author of this thesis and would like it removed from the UWA Profiles and Research Repository, please contact [email protected]