M&A announcements in technical service sector; The effect on acquiring firms.
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2020-07-15
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en
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This paper investigates the existence of any effects on acquiring firms as result of M&A announcements. The focus lays on the information technology service industry. The research uses cumulative abnormal returns as a way of measuring the existence of possible effects on acquiring firms. These CARs are investigated in an event study, covering M&A deals in the ITS industry, from the period 2010 till 2019. This research did not find any evidence for the existence of CARs within the sample, and thus found that the CARs do not significantly differ from zero. In the end is concluded that the M&A announcements did not show any effect on the acquiring firm, at least not on the returns of the firms.
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Faculteit der Managementwetenschappen