Effects of targets’ intangibles and acquirers’ capital intensity on announcement returns.

• Main Authors: Chia, Norman., Lin, Xuguang., Quek, Ngee Poo.
• Other Authors: Tham Tze Minn
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Business::Accounting::Intangibles; DRNTU::Business::Finance::Mergers and acquisitions
• Online Access: http://hdl.handle.net/10356/43716
• Institution: Nanyang Technological University

This paper studies how intangibles of target firms and capital intensity of acquirer firms affect merger announcement returns as measured by cumulative abnormal returns (CAR). We first focus on the established effect of different variables that past studies have shown to play a part in merger announ...