Företagsförvärv eller företagsfördärv? - En långsiktig studie på den skandinaviska förvärvsmarknaden
(2013) FEKH89 20131Department 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:
http://lup.lub.lu.se/student-papers/record/3971667
- author
- Hedman, Erik LU ; Norrman, Anton LU and Walin, Axel LU
- supervisor
- organization
- course
- FEKH89 20131
- year
- 2013
- 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}},
language = {{swe}},
note = {{Student Paper}},
title = {{Företagsförvärv eller företagsfördärv? - En långsiktig studie på den skandinaviska förvärvsmarknaden}},
year = {{2013}},
}