Prediction model of post merger performance = M&A 성과 예측 모델

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This study presents a comprehensive model describing the post-merger performance of a combined firm based on a fundamental ROE equation. The model suggests that post-merger performance is an integrated function composed of relative size, price to book ratio, synergy, cost of equity and book value change, rather than a simple linear combination of factors. The model is consistent with previous empirical results about the nature of acquirers and targets. Empirical tests are also provided to show the consistency between the model and the market response.
Advisors
Nam, Chan-Giresearcher남찬기researcher
Description
한국정보통신대학교 : IT경영학부,
Publisher
한국정보통신대학교
Issue Date
2005
Identifier
392583/225023 / 020034625
Language
eng
Description

학위논문(석사) - 한국정보통신대학교 : IT경영학부, 2005, [ ii, 38 p. ]

Keywords

merger; post merger performance; acquisition; 예측; 합병; 인수; prediction

URI
http://hdl.handle.net/10203/54452
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=392583&flag=dissertation
Appears in Collection
MG-Theses_Master(석사논문)
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