کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1010410 1482518 2009 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Merger abnormal returns and payment methods of hospitality firms
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
Merger abnormal returns and payment methods of hospitality firms
چکیده انگلیسی

The study aims to examine the long-term abnormal returns to hospitality acquirers as well as the association between excess returns with financing methods and size. The study applies regression analysis with secondary data examining 19 hospitality acquirers from 1996 to 2007. Using hospitality sector specific indices, the study shows that hospitality acquirers receive positive abnormal returns 12 months post-merger and that there is negative association between cash payment and acquirers’ excess returns.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Hospitality Management - Volume 28, Issue 4, December 2009, Pages 579–585
نویسندگان
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