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Erschienen in:

2016 | OriginalPaper | Buchkapitel

41. Short-Run Performance of Malaysian Acquiring Firms in Cross-Border Mergers and Acquisitions

verfasst von : Kamal Fahrulrazy Rahim, Noryati Ahmad, Ismail Ahmad, Fahmi Abdul Rahim

Erschienen in: Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014)

Verlag: Springer Singapore

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Abstract

It is reported that Malaysian firms’ aggressive involvement in cross-border merger and acquisition (CBMA) deals started in the early 1990s. This research aims to examine the short-run performance of Malaysian acquiring firms listed on Bursa Malaysia by using abnormal return (AR) and cumulative abnormal return (CAR) for event window (−90,+90), (−60,+60) and (−30,+30). CAR is the proxy for shareholders value creation to measure the short-run performance. Event study method and regression analysis are applied for the study period 2000–2011. The result shows that both firm-specific determinants and macroeconomic variables contribute to the shareholder value creation and are statistically significant for the Malaysian acquiring firms in cross-border mergers and acquisitions. However, only six determinants are parallel with the hypothesized statements.

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Vorheriges Kapitel Relationship Between Foreign Direct Investment and Financial Development

Nächstes Kapitel Preliminary Investigation on the Determinants of Household Debt Burden

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Titel: Short-Run Performance of Malaysian Acquiring Firms in Cross-Border Mergers and Acquisitions
verfasst von: Kamal Fahrulrazy Rahim
Noryati Ahmad
Ismail Ahmad
Fahmi Abdul Rahim
Verlag: Springer Singapore
Buch: Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014)
Print ISBN: 978-981-287-425-2

Electronic ISBN: 978-981-287-426-9

Copyright-Jahr: 2016
DOI: https://doi.org/10.1007/978-981-287-426-9_41