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The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613554813698048 |
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| access_status_str | Open Access |
| author2 | Thaver, Kuben |
| author_browse | Thaver, Kuben |
| author_facet | Thaver, Kuben |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23052 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:59.731Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23052 The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE Thaver, Kuben ichelp@gibs.co.za Stafford, Mark Terence Guattari UCTD Johannesburg Stock Exchange (JSE) Share price Mergers and acquisitions (M&A) Dissertation (MBA)--University of Pretoria, 2012. Whether mergers and acquisitions create or destroy shareholder value for acquiring companies has been widely researched and remains fairly inconclusive. The purpose of this research was to study the short term and long term impacts of large acquisitions on the share price performance of acquiring companies using the event study methodology.From a population of 11 062 acquisitions made by JSE listed companies between 1999 and 2008, 39 acquisitions met the relevant criteria of non-occurrence of confounding events and the availability of information. The Cumulative Abnormal Returns of acquiring companies over a short term period surrounding the announcement date and the longer term post-announcement date period were tested to observe whether they were significantly different to zero.Whilst statistically significant Cumulative Abnormal Returns were observed over the short term 3-day event window [-1;+1], no statistically significant Cumulative Abnormal Returns were observed around the remaining five event windows. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-06T14:24:10Z 2013-04-29 2013-09-06T14:24:10Z 2012 2013-04-29 2013-03-09 Dissertation Stafford, MTG 2012, The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23052 > F13/4/286/zw http://hdl.handle.net/2263/23052 http://upetd.up.ac.za/thesis/available/etd-03092013-155546/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Johannesburg Stock Exchange (JSE) Share price Mergers and acquisitions (M&A) The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title | The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title_full | The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title_fullStr | The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title_full_unstemmed | The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title_short | The short and long term effects of large takeovers on the share price performance of acquiring companies listed on the JSE |
| title_sort | short and long term effects of large takeovers on the share price performance of acquiring companies listed on the jse |
| topic | UCTD Johannesburg Stock Exchange (JSE) Share price Mergers and acquisitions (M&A) |
| url | http://hdl.handle.net/2263/23052 http://upetd.up.ac.za/thesis/available/etd-03092013-155546/ |