Acquirer Performance in Knowledge Motivated Acquisitions-Edición Única

Hdl Handle:
http://hdl.handle.net/11285/572657
Title:
Acquirer Performance in Knowledge Motivated Acquisitions-Edición Única
Issue Date:
2006-02-01
Abstract:
This study uses fine-grained measures of target resources within the context of the dynamic environment of the 1990s to investigate the relationship between uncertainty, target resource type and acquirer stock market performance. The findings suggest that the market punishes acquirers of knowledge resources more than those that buy property resources due to the resource value uncertainty that affects knowledge-based acquisitions. Further, sample time frame, industry and acquirers size moderate this resourceperformance relationship. In support of the uncertainty argument, I find that managers announcing knowledge-based mergers provide more information in their press releases than those announcing property-based transactions.
Keywords:
Dynamic Enviorment; Stock Market performance; knowledge-based aquisitions; property-based transactions
Degree Program:
Programa de Graduados en Administración
Advisors:
Dra. AnneYork
Committee Member / Sinodal:
Dr. Mark Wohar
Degree Level:
Doctor en Administración
Campus Program:
Campus Ciudad de México
Discipline:
Ciencias Sociales / Social Sciences
Appears in Collections:
Ciencias Sociales

Full metadata record

DC FieldValue Language
dc.contributor.advisorDra. AnneYorken
dc.creatorRomero Gerbaud, Ricardoen
dc.date.accessioned2015-08-17T11:37:31Zen
dc.date.available2015-08-17T11:37:31Zen
dc.date.issued2006-02-01-
dc.identifier.urihttp://hdl.handle.net/11285/572657en
dc.description.abstractThis study uses fine-grained measures of target resources within the context of the dynamic environment of the 1990s to investigate the relationship between uncertainty, target resource type and acquirer stock market performance. The findings suggest that the market punishes acquirers of knowledge resources more than those that buy property resources due to the resource value uncertainty that affects knowledge-based acquisitions. Further, sample time frame, industry and acquirers size moderate this resourceperformance relationship. In support of the uncertainty argument, I find that managers announcing knowledge-based mergers provide more information in their press releases than those announcing property-based transactions.en
dc.language.isoenen
dc.rightsOpen Accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.titleAcquirer Performance in Knowledge Motivated Acquisitions-Edición Únicaen
dc.typeTesis de Doctoradoes
thesis.degree.grantorInstituto Tecnológico y de Estudios Superiores de Monterreyes
thesis.degree.levelDoctor en Administraciónen
dc.contributor.committeememberDr. Mark Wohares
thesis.degree.namePrograma de Graduados en Administraciónen
dc.subject.keywordDynamic Enviormenten
dc.subject.keywordStock Market performanceen
dc.subject.keywordknowledge-based aquisitionsen
dc.subject.keywordproperty-based transactionsen
thesis.degree.programCampus Ciudad de Méxicoen
dc.subject.disciplineCiencias Sociales / Social Sciencesen
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