[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.
|Qualification||Doctor of Philosophy|
|Publication status||Unpublished - 1994|