Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1010410 | International Journal of Hospitality Management | 2009 | 7 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Jing Yang, Hailin Qu, Woo Gon Kim,