Skapar annonsering av gränsöverskridande förvärv värde för det förvärvande företaget?
(2023) FEKH89 20231Department of Business Administration
- Abstract
- Title:Does the announcement of cross-border acquisitions create value for the acquiring company?
Seminar date: 2023-06-01
Course:FEKH89 Business Administration: Bachelor Degree Project in Financial Management Undergraduate Level, 15 ECTS credits
Authors: Almegård Amélie, Andersson Sofia, Sharba Rim
Advisor: Andersson, Göran
Key words: Cross-border Acquisitions; Synergies; Short-term Value Creation; Multiple linear Regression; Cumulative Abnormal Return; the Nordic Countries
Purpose: The purpose of this study is to investigate if foreign acquirers create short-term wealth through the announcement of cross-border acquisitions in the Nordics. Additionally, the purpose is to give an understanding of what further has an... (More) - Title:Does the announcement of cross-border acquisitions create value for the acquiring company?
Seminar date: 2023-06-01
Course:FEKH89 Business Administration: Bachelor Degree Project in Financial Management Undergraduate Level, 15 ECTS credits
Authors: Almegård Amélie, Andersson Sofia, Sharba Rim
Advisor: Andersson, Göran
Key words: Cross-border Acquisitions; Synergies; Short-term Value Creation; Multiple linear Regression; Cumulative Abnormal Return; the Nordic Countries
Purpose: The purpose of this study is to investigate if foreign acquirers create short-term wealth through the announcement of cross-border acquisitions in the Nordics. Additionally, the purpose is to give an understanding of what further has an impact on the acquiring company’s return at an announcement, by studying selected variables.
Methodology: The study is based on the event study methodology, and it
is quantitative and completed with a deductive approach. The study’s secondary data are further interpreted and compared to previous studies through the use of a multiple regression.
Theoretical perspective: In this study, the Synergy Hypothesis, Agent Theory, the Hubris Hypothesis, the Efficient Market Hypothesis, and the Signaling Hypothesis is used.
Empirical foundation: The empirical foundation is based on 86 publicly listed cross-border acquisitions in Denmark, Finland, Norway and Sweden 2012 - 2022.
Conclusion: The study cannot find any significant abnormal
return for the acquiring company when announcing a cross-border acquisition in the Nordics. Furthermore, selected independent variables cannot explain the acquiring firm's stock return. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9129265
- author
- Almegård, Amélie LU ; Andersson, Sofia LU and Sharba, Rim LU
- supervisor
- organization
- course
- FEKH89 20231
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- keywords
- Cross-border Acquisitions, Synergies, Short-term Value Creation, Multiple linear Regression, Cumulative Abnormal Return, the Nordic Countries
- language
- Swedish
- id
- 9129265
- date added to LUP
- 2023-07-04 12:56:27
- date last changed
- 2023-07-04 12:56:27
@misc{9129265,
abstract = {{Title:Does the announcement of cross-border acquisitions create value for the acquiring company?
Seminar date: 2023-06-01
Course:FEKH89 Business Administration: Bachelor Degree Project in Financial Management Undergraduate Level, 15 ECTS credits
Authors: Almegård Amélie, Andersson Sofia, Sharba Rim
Advisor: Andersson, Göran
Key words: Cross-border Acquisitions; Synergies; Short-term Value Creation; Multiple linear Regression; Cumulative Abnormal Return; the Nordic Countries
Purpose: The purpose of this study is to investigate if foreign acquirers create short-term wealth through the announcement of cross-border acquisitions in the Nordics. Additionally, the purpose is to give an understanding of what further has an impact on the acquiring company’s return at an announcement, by studying selected variables.
Methodology: The study is based on the event study methodology, and it
is quantitative and completed with a deductive approach. The study’s secondary data are further interpreted and compared to previous studies through the use of a multiple regression.
Theoretical perspective: In this study, the Synergy Hypothesis, Agent Theory, the Hubris Hypothesis, the Efficient Market Hypothesis, and the Signaling Hypothesis is used.
Empirical foundation: The empirical foundation is based on 86 publicly listed cross-border acquisitions in Denmark, Finland, Norway and Sweden 2012 - 2022.
Conclusion: The study cannot find any significant abnormal
return for the acquiring company when announcing a cross-border acquisition in the Nordics. Furthermore, selected independent variables cannot explain the acquiring firm's stock return.}},
author = {{Almegård, Amélie and Andersson, Sofia and Sharba, Rim}},
language = {{swe}},
note = {{Student Paper}},
title = {{Skapar annonsering av gränsöverskridande förvärv värde för det förvärvande företaget?}},
year = {{2023}},
}