Sangam: A Confluence of Knowledge Streams

Essays On Merger & Acquisition Press Releases and Firm Performance

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dc.contributor Livne, Gilad
dc.contributor McMeeking, Kevin
dc.creator Chen, X
dc.date 2022-08-30T09:04:28Z
dc.date 2022-08-22
dc.date 2022-08-26T02:36:08Z
dc.date 2022-08-30T09:04:28Z
dc.date.accessioned 2023-02-23T12:15:51Z
dc.date.available 2023-02-23T12:15:51Z
dc.identifier http://hdl.handle.net/10871/130589
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/258599
dc.description This dissertation consists of four self-contained chapters that examine merger & acquisition (M&A) press releases (PRs) and firm performance. The central research topic with regard to M&A PRs is to investigate the relationship between the textual properties of PRs and the firm’s short-term and long-term performance. The first chapter reviews studies related to firms’ M&A activities and disclosures. The second chapter investigates whether the textual properties of M&A PRs trigger the price and volume reaction of both acquiring and target firms, which is the short-term market reaction during the announcement period. The third chapter focuses on the long-term performance of the acquirer after the completion of the M&A deal. This chapter examines whether the textual properties of M&A PRs predict the acquirer’s performance several years after the completion of the deal. The fourth chapter investigates the acquirer’s earnings management activities and how these activities affect the textual properties of M&A PRs.
dc.publisher University of Exeter
dc.publisher Business School
dc.rights 2024-02-26
dc.rights I requested a normal non-disclosure (18 month) of my thesis. There is no need for the approval of departments
dc.rights http://www.rioxx.net/licenses/all-rights-reserved
dc.subject financial accounting
dc.subject Textual analysis
dc.title Essays On Merger & Acquisition Press Releases and Firm Performance
dc.type Thesis or dissertation
dc.type PhD in Accountancy
dc.type Doctoral
dc.type Doctoral Thesis


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