• About
  • Policies
  • What is open access
  • Library
  • Contact
Advanced search
      View Item 
      •   BUIR Home
      • Scholarly Publications
      • Applied Schools
      • School of Applied Languages
      • Banking and Finance
      • View Item
      •   BUIR Home
      • Scholarly Publications
      • Applied Schools
      • School of Applied Languages
      • Banking and Finance
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.

      The influence of M&As on firm value: the Turkish experience

      Thumbnail
      View / Download
      258.5 Kb
      Author(s)
      Solakoğlu, M. Nihat
      Orhan, M.
      Editor
      Gregoriou, G. N.
      Neuhauser, K. L.
      Date
      2007
      Publisher
      Springer
      Pages
      83 - 95
      Language
      English
      Type
      Book Chapter
      Item Usage Stats
      248
      views
      166
      downloads
      Book Title
      Mergers and acquisitions
      Series
      Finance and Capital Markets Series;
      Abstract
      World economies were exposed to several merger and acquisition waves within the last century. Moreover, more recently, a shift of M&A activities from regional to more global nature has been observed (Gugler et al 2003). These waves, as discussed in the literature, can occur either because of some type of industry shocks or because of market timing Harford (2005)’. Up until the last decade, though, Turkish economy did not have a significant experience with mergers and acquisitions, either domestic or cross-country. More global nature of M&A activities and the emergence of the Istanbul Stock Exchange (ISE) played an important role in this change. In particular, it became less costly for Turkish firms to raise capital and consider strategies to acquire or merge with other firms. In addition, it can be argued that existence of the stock exchange has caused information and monitoring costs to fall with improved regulations and laws. As a result, it became easier for acquirer and target firms to evaluate costs and benefits of merging or acquisition strategies.
      Keywords
      Abnormal return
      Event window
      Family ownership
      Announcement date
      Target firm
      Permalink
      http://hdl.handle.net/11693/51080
      Published Version (Please cite this version)
      https://doi.org/10.1057/9780230589681_6
      https://doi.org/10.1057/9780230589681
      Collections
      • Banking and Finance 37
      Show full item record

      Browse

      All of BUIRCommunities & CollectionsTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCoursesThis CollectionTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCourses

      My Account

      Login

      Statistics

      View Usage StatisticsView Google Analytics Statistics

      Bilkent University

      If you have trouble accessing this page and need to request an alternate format, contact the site administrator. Phone: (312) 290 2976
      © Bilkent University - Library IT

      Contact Us | Send Feedback | Off-Campus Access | Admin | Privacy