Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Företagsförvärv eller företagsfördärv? - En långsiktig studie på den skandinaviska förvärvsmarknaden

Hedman, Erik LU ; Norrman, Anton LU and Walin, Axel LU (2013) FEKH89 20131
Department of Business Administration
Abstract
The purpose of this thesis is to, through statistical analysis, investigate whether the stock price of Scandinavian
acquiring firms develops differently compared to benchmark. The thesis also researches if a set of variables
can explain the eventual difference.

This thesis is of quantitative nature and the authors have used a deductive approach. Through a regression analysis
the thesis secondary data has been analyzed and compared to earlier research and theories.

The theory of this thesis is mainly based on earlier research about the effect that different variables have on an
acquiring companies stock prices. The majority of this research mainly comes from the American market and
studies a different time period than this... (More)
The purpose of this thesis is to, through statistical analysis, investigate whether the stock price of Scandinavian
acquiring firms develops differently compared to benchmark. The thesis also researches if a set of variables
can explain the eventual difference.

This thesis is of quantitative nature and the authors have used a deductive approach. Through a regression analysis
the thesis secondary data has been analyzed and compared to earlier research and theories.

The theory of this thesis is mainly based on earlier research about the effect that different variables have on an
acquiring companies stock prices. The majority of this research mainly comes from the American market and
studies a different time period than this thesis.

The thesis’ empirical evidence is based on data from 54 acquiring firms between 2003-2008. Nine independent
variables has been tested on these companies.

This thesis finds that acquiring firms significantly underperforms compared to benchmark on both a 24- and
36-month basis. The thesis also finds that the underperformance can be explained by one of the nine
variables. (Less)
Please use this url to cite or link to this publication:
author
Hedman, Erik LU ; Norrman, Anton LU and Walin, Axel LU
supervisor
organization
course
FEKH89 20131
year
type
M2 - Bachelor Degree
subject
keywords
multipel regression, onormal avkastning, BHAR, Förvärv, Scandinavia, multiple regression, abnormal return, Acquisitions, Skandinavien
language
Swedish
id
3971667
date added to LUP
2013-08-13 13:37:31
date last changed
2013-08-13 13:37:31
@misc{3971667,
  abstract     = {The purpose of this thesis is to, through statistical analysis, investigate whether the stock price of Scandinavian
acquiring firms develops differently compared to benchmark. The thesis also researches if a set of variables
can explain the eventual difference.

This thesis is of quantitative nature and the authors have used a deductive approach. Through a regression analysis
the thesis secondary data has been analyzed and compared to earlier research and theories.

The theory of this thesis is mainly based on earlier research about the effect that different variables have on an
acquiring companies stock prices. The majority of this research mainly comes from the American market and
studies a different time period than this thesis.

The thesis’ empirical evidence is based on data from 54 acquiring firms between 2003-2008. Nine independent
variables has been tested on these companies.

This thesis finds that acquiring firms significantly underperforms compared to benchmark on both a 24- and
36-month basis. The thesis also finds that the underperformance can be explained by one of the nine
variables.},
  author       = {Hedman, Erik and Norrman, Anton and Walin, Axel},
  keyword      = {multipel regression,onormal avkastning,BHAR,Förvärv,Scandinavia,multiple regression,abnormal return,Acquisitions,Skandinavien},
  language     = {swe},
  note         = {Student Paper},
  title        = {Företagsförvärv eller företagsfördärv? - En långsiktig studie på den skandinaviska förvärvsmarknaden},
  year         = {2013},
}