研究生: |
張美凌 Navapa Varapark |
---|---|
論文名稱: |
併購對泰國銀行業績效的影響 The Impact of Mergers and Acquisitions on the Performance of Thai Banking Sector |
指導教授: |
陳俊男
Chen Chun-Nan |
口試委員: |
謝劍平
Joseph C.P. Shieh 鄭仁偉 Jen-Wei Cheng 林軒竹 Hsuan-Chu Lin |
學位類別: |
碩士 Master |
系所名稱: |
管理學院 - 財務金融研究所 Graduate Institute of Finance |
論文出版年: | 2020 |
畢業學年度: | 109 |
語文別: | 英文 |
論文頁數: | 74 |
外文關鍵詞: | M&As, Event Study Methodology |
相關次數: | 點閱:215 下載:0 |
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Mergers and Acquisitions, M&A
This research paper examines the impact of Thai mergers and acquisitions on the performance of the Thai Banking Sector during the period of 2000-2020. I have conducted this research with the use of Event Study Methodology and have used Market Model. I studied the sample of 11 banks that have M&A activities throughout the period. I decided to study Event Windows of (-30,+30) which is 30 days before and after the announcement of a merger and acquisition day. I find that ten days prior to the announcement of a merger and acquisition, shareholders receive considerable and significant positive cumulative average abnormal returns (CAARs). The overall result has indicated that mergers and acquisitions of banks in Thailand have not created impact on wealth.
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