Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis
This paper investigates the risk profiles of target and acquiring firms and the impact of the takeover process on them. It was found that corporate takeovers generally increased the systematic risk of the acquiring firms after the event while lowering the systematic risk of the target firms. There w...
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Institutional Knowledge at Singapore Management University
1998
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sg-smu-ink.lkcsb_research-32232011-01-22T04:26:16Z Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis KOH, Francis LEE, Soo-Hoon This paper investigates the risk profiles of target and acquiring firms and the impact of the takeover process on them. It was found that corporate takeovers generally increased the systematic risk of the acquiring firms after the event while lowering the systematic risk of the target firms. There were large and statistically significant returns obtained by the shareholders of the target firms due to the takeover event. The shareholders of the acquiring firms did not suffer any negative returns. 1998-05-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/2224 info:doi/10.1007/bf01733151 https://doi.org/10.1007/bf01733151 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business |
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Singapore Management University |
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SMU Libraries |
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Asia |
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Singapore Singapore |
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SMU Libraries |
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InK@SMU |
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English |
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Business |
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Business KOH, Francis LEE, Soo-Hoon Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| description |
This paper investigates the risk profiles of target and acquiring firms and the impact of the takeover process on them. It was found that corporate takeovers generally increased the systematic risk of the acquiring firms after the event while lowering the systematic risk of the target firms. There were large and statistically significant returns obtained by the shareholders of the target firms due to the takeover event. The shareholders of the acquiring firms did not suffer any negative returns. |
| format |
text |
| author |
KOH, Francis LEE, Soo-Hoon |
| author_facet |
KOH, Francis LEE, Soo-Hoon |
| author_sort |
KOH, Francis |
| title |
Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| title_short |
Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| title_full |
Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| title_fullStr |
Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| title_full_unstemmed |
Risks and Returns of Acquiring and Acquired Firms in Singapore: An Empirical Analysis |
| title_sort |
risks and returns of acquiring and acquired firms in singapore: an empirical analysis |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1998 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/2224 https://doi.org/10.1007/bf01733151 |
| _version_ |
1770570181198741504 |