- Start
- Sell-side analysts' impact on M&A outcomes
Sell-side analysts' impact on M&A outcomes
Angebote / Angebote:
Master's Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: 8, 5 (Notensystem NL), Maastricht University, course: International Business, language: English, abstract: This master thesis analyzes the effect of sell-side analysts, covering both the acquirer and the target in their portfolios before the deal announcement, on the probability of merger completion.
The results provide no evidence that a common analyst influences the probability of deal completion. Further, the results remain unchanged across the pre- and post-Regulation Fair Disclosure period. Overall, this paper provides evidence that acquirer-target connectedness via a common analyst does not play an important role in acquirers' corporate investment decisions.
Folgt in ca. 5 Arbeitstagen