عناصر مشابهة
The Impact of Mergers and Acquisitions on Maximizing the Company's Market Value: Econometric Study for the Period (1985-2018)
| المصدر: | مجلة الاقتصاد التطبيقي والإحصاء |
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| الناشر: |
المدرسة الوطنية العليا للإحصاء والاقتصاد التطبيقي
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| المؤلف الرئيسي: | |
| مؤلفين آخرين: | , |
| المجلد/العدد: | مج18, ع2 |
| محكمة: | نعم |
| الدولة: | الجزائر |
| التاريخ الميلادي: | 2021 |
| الصفحات: | 21 - 35 |
| ISSN: | 1112-234x |
| رقم MD: | 1227326 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | English |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
| المستخلص: | This paper examines the impact of mergers and acquisitions on maximizing the company's market value. The study concluded that there was a mutual causality running in one direction; from mergers and acquisitions to the market value of the traded shares used in the study to measure the company's market value. The study also showed that there was a high correlation between the two variables of the study yielding a correlation coefficient of 65%. Furthermore, the dynamic VAR analysis revealed that the response of the market value of shares to M&A shocks had positive effects over the response period. As far as the variance decomposition results are concerned, they showed that M&A had a positive effect of more than 67% on the market value of shares, especially in the medium term |
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