Analyze 3 year post-deal performance acquiring company after M&A completion

Inaendelea Ilichapishwa Miaka 6 iliyopita Kulipwa wakati wa kujifungua
Inaendelea Kulipwa wakati wa kujifungua

Project: Proof negative effect M&A-engaging acquiring companies on their long-term shareholder value. Period 3 year after completion date (from 1995- 2015), analyzing the abnormal returns.

Method: Fama & French (1993) Three factor model: Rp,t - Rf,t = ap + bp (Rm,t - Rf,t) + spSMBt + hp HMLt + ep,t. Construct portfolios (value weighted and equal weighted) according the method of Fama & French. Already got all the M&A deals from 1995 untill 2015. Struggling with getting the rest of required data. All the deals contain Cusip and Ticker codes. You can find the data restrictions in one of the attachments.

Project details:

- Obtain the rest of the required data en form the portfolios according to Fama & French

- Perform the statistical analysis (preferably with STATA)

- Test if there is a pattern in time.

- Compare abnormal return of North American acquirers with European

- Perform tests for rubestness and if possible perform alternative test, for example BHAR methodology.

In the data description you find the data criteria, an overwiew of the method (ppt) and the article of Fama & French on which the method is based.

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Kitambulisho cha Mradi: #16986535

Kuhusu mradi

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