M&A announcements in technical service sector; The effect on acquiring firms.

Keywords
No Thumbnail Available
Issue Date
2020-07-15
Language
en
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
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.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen