SERIAL ACQUIRERS AND LONG-TERM STOCK PRICE REACTIONS

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dc.contributor.authorMalikova, Anel
dc.date.accessioned2025-01-06T06:19:27Z
dc.date.available2025-01-06T06:19:27Z
dc.date.issued2023-12-11
dc.description.abstractThis thesis explores the long-term impact of serial acquisitions on acquirers' stock performance, focusing on UK and European companies from January 2000 to August 2024. Using event study methodologies, including event dummy regressions and a modified Almon-lag approach, the study uncovers patterns in stock price behavior following acquisitions. The findings reveal that while UK acquirers experience immediate positive market reactions, European acquirers, particularly in Milan and Euronext, show prolonged but delayed positive effects. Market factors consistently influence excess returns, emphasizing the role of broader market dynamics. However, industry-level analysis highlights significant heterogeneity, with some results constrained by sample sizes. This research provides valuable insights into the stock price dynamics of serial acquirers, offering implications for corporate growth strategies and financial markets.
dc.identifier.citationMalikova, A. (2023). SERIAL ACQUIRERS AND LONG-TERM STOCK PRICE REACTIONS. Nazarbayev University Graduate School of Business
dc.identifier.urihttps://nur.nu.edu.kz/handle/123456789/8381
dc.language.isoen
dc.publisherNazarbayev University Graduate School of Business
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United Statesen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/
dc.subjectM&A
dc.subjectSerial acquirers
dc.subjectCARs
dc.subjectType of access: Embargo
dc.titleSERIAL ACQUIRERS AND LONG-TERM STOCK PRICE REACTIONS
dc.title.alternativeСерийные приобретатели и долгосрочные реакции на цены акций
dc.title.alternativeСериялық сатып алушылар және олардың акция бағаларына ұзақ мерзімді әсері
dc.typeMaster`s thesis

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