Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/21283
Autoria: Albuquerque Junior, M.
Filipe, J.
Neto, P. De M.
Silva, C. Da
Data: 2021
Título próprio: The study of events approach applied to the impact of mergers and acquisitions on the performance of consulting engineering companies
Volume: 9
Número: 2
ISSN: 2227-7390
DOI (Digital Object Identifier): 10.3390/math9020130
Palavras-chave: Company acquisition
Event study
Accumulated abnormal return
Synthetic control method
Increased synergy
Value creation
Resumo: Recent research suggests that one of the main motivations for mergers and acquisitions is the attempt to acquire companies to incorporate intangible assets. Such assets provide important sources of sustainable competitive advantages and opportunities for growth. This article analyzes the strategies of engineering companies, as well as value creation in acquisition events of multinational companies, by using the study of the events method, providing an innovative way to be applied to this phenomenon. This method is used in our research to study the influence of the announcement of acquisitions on the abnormal accumulated returns of the acquiring companies, and is allowed to confirm that influence. In general, the average accumulated returns were positive and statistically significant in the three windows of the method, according to the significance tests used. The results validate the hypothesis that the events generate synergy gains for market players, emphasizing the importance of growth via acquisitions for the sector under analysis.
Arbitragem científica: yes
Acesso: Acesso Aberto
Aparece nas coleções:ISTAR-RI - Artigos em revistas científicas internacionais com arbitragem científica

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