Sökning: "Managerial hubris"

Hittade 4 uppsatser innehållade orden Managerial hubris.

  1. 1. M&As do not care about your feelings – or do they?

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Rene Holesinsky; Oskar Sirborn; [2022]
    Nyckelord :mergers and acquisitions; market sentiment; event study; principal component analysis; Business and Economics;

    Sammanfattning : Countless studies within M&As have examined factors that can explain bidding firms' abnormal returns, although, behavioral factors have mostly been overlooked. The aim of this study is to investigate the effect of investor sentiment on value creation around M&A deal announcements in the Nordic markets. LÄS MER

  3. 2. The Impact of Mergers & Acquisitions on Credit- and Investment risk. : -Evidence from Sweden

    Magister-uppsats, Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Författare :Casper Dahlberg; Max Lundberg; [2022]
    Nyckelord :Mergers Acquisitions; M A; Credit Risk; Investment Risk; Default Risk; The Institutional Imperative; Merton’s Distance-to-Default model; Merton’s DD; Value-at-Risk; VaR; Tail risk.;

    Sammanfattning : We examine the impact of Mergers & Acquisitions on credit- and investment risk using a sample of 402 acquisitions by 215 Swedish firms from 2000 to 2020. We find significant evidence that, on average, M&A increases the credit risk and inversely decreases the investment risk of the acquiring firm. LÄS MER

  4. 3. Institutional Portfolios and M&A Returns

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Karl Ardby; Teodor Opasiak; [2017]
    Nyckelord :Portfolio exposure; institutional investors; short-term abnormal return; agency theory; M A wealth effects; incitements; Business and Economics;

    Sammanfattning : Purpose: To examine how investors’ portfolio exposure in a concentrated ownership-structure affects abnormal returns for the bidding company in a merger and acquisition on the Swedish market Methodology: Quantitative research approach with an event study to explore cumulative abnormal return, multivariate regression analysis Theoretical Perspective: Agency theory, M&A wealth effects, empire building,managerial hubris, block-ownership, institutional ownership Empirical foundation: A sample of 338 acquisitions completed on the Swedish market between January 2001 and January 2015 Conclusion: This study can not with todays limited foreign portfolio data confirm that high portfolio exposure of an institutional investor does create higher CAR in the event of a M&A.. LÄS MER

  5. 4. Overconfidence - A Study of Managerial Hubris in the Nordic Markets

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Fredrik Eckerstein; Max Kristensson; Carloskar Pollack; [2009]
    Nyckelord :Managerial hubris; Mergers Acquisitions; Merger motives; Market timing; Shareholder gains; Management of enterprises; Företagsledning; management; Business and Economics;

    Sammanfattning : The paper, by studying the abnormal returns to transaction parties, examines the level of managerial hubris in the Nordic tender offers.... LÄS MER