Show simple item record

dc.contributor.authorSolakoğlu, M. Nihaten_US
dc.contributor.authorOrhan, M.en_US
dc.contributor.editorGregoriou, G. N.
dc.contributor.editorNeuhauser, K. L.
dc.date.accessioned2019-05-02T14:10:13Z
dc.date.available2019-05-02T14:10:13Z
dc.date.issued2007en_US
dc.identifier.isbn9781349363629
dc.identifier.urihttp://hdl.handle.net/11693/51080
dc.descriptionChapter 6
dc.description.abstractWorld 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.en_US
dc.language.isoEnglishen_US
dc.relation.ispartofMergers and acquisitionsen_US
dc.relation.ispartofseriesFinance and Capital Markets Series;
dc.relation.isversionofhttps://doi.org/10.1057/9780230589681_6en_US
dc.relation.isversionofhttps://doi.org/10.1057/9780230589681en_US
dc.subjectAbnormal returnen_US
dc.subjectEvent windowen_US
dc.subjectFamily ownershipen_US
dc.subjectAnnouncement dateen_US
dc.subjectTarget firmen_US
dc.titleThe influence of M&As on firm value: the Turkish experienceen_US
dc.typeBook Chapteren_US
dc.departmentBanking and Financeen_US
dc.citation.spage83en_US
dc.citation.epage95en_US
dc.identifier.doi10.1057/9780230589681_6en_US
dc.publisherSpringeren_US
dc.identifier.eisbn9780230589681


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record