Mergers And Acquisitions In The Portuguese Banking Industry: Is It There A Process Of Value Creation?
AbstractThis paper examines the valuation effects of mergers & acquisitions in the Portuguese banking industry from 1995 to 2003 over a 41-day (-20, +20) event window. Evidence shows some targets gains, but no gains for the bidders. The combined entity (target+bidder) shows no significant gains contradicting some other European studies but confirming the great majority of American research.
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Bibliographic InfoPaper provided by EconWPA in its series Finance with number 0503002.
Length: 16 pages
Date of creation: 02 Mar 2005
Date of revision:
Note: Type of Document - pdf; pages: 16
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Mergers and acquisitions (M&A); bidder; target; event window; shareholder value; abnormal returns;
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- G - Financial Economics
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