The economic consequences of takeovers in Australia: a re-examination

Raymond Da Silva Rosa

doi:10.26182/5c80c24756ee3

The economic consequences of takeovers in Australia: a re-examination

Raymond Da Silva Rosa

Graduate Research School

Research output: Thesis › Doctoral Thesis

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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
Qualification	Doctor of Philosophy
Awarding Institution	The University of Western Australia
DOIs	https://doi.org/10.26182/5c80c24756ee3
Publication status	Unpublished - 1994

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Dasilvarosa_Raymond_1994
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Cite this

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AB - [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.

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M3 - Doctoral Thesis

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The economic consequences of takeovers in Australia: a re-examination

Abstract

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