Merger Momentum And Investor Sentiment: The Stock Market Reaction To Merger Announcements
- Topics:
- Mergers
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Overview: The term merger momentum has been doing the rounds of the merger process prevalent in the corporate sector. Merger momentum is defined as a correlation between the market reaction to a merger announcement and the recent market conditions. It has been observed that the merger market has given positive reaction to the market conditions. The paper examines the effects of mergers on bidding firms’ stock prices and indicates the presence of merger momentum. The paper discusses the stock market reaction to the merger announcements.
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Format: PDF | Size: 100KB | Date: Nov 2003 | Pages: 43





