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Effects of Mergers and Acquisitions on Shareholder Wealth: Event Study for Latin American Airlines

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dc.contributor.authorCortés, Lina M.
dc.contributor.authorGarcía, John J.
dc.contributor.authorAgudelo, David
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emaillcortesd@eafit.edu.co
dc.creator.emailjgarcia@eafit.edu.co
dc.creator.emaildagude14@gmail.com
dc.date.accessioned2015-01-22T22:14:34Z
dc.date.available2015-01-22T22:14:34Z
dc.date.issued2015-01-01
dc.description.abstractThis study analyzes the effectof changes in corporate controlon the way shareholdersbenefit from the announcements of selling and buying airlines, thus contributing to the literature on mergers and acquisitions (M&As) in emerging markets. Using a methodologyof event study, including GARCH and OLS models, we find evidence that some selling companies obtain abnormal returns that are statisticallysignificant after the announcement of the M&A. However, when the merger is not strategic, the companies present statisticallysignificant negative abnormal returns. The resultsare not conclusive when analyzing the effecton the valueof the buying companies.eng
dc.format.mimetypeapplication/pdf
dc.identifier.instnameinstname:Universidad EAFIT
dc.identifier.jelG14
dc.identifier.jelG34
dc.identifier.jelL21
dc.identifier.reponamereponame:Repositorio Institucional Universidad EAFIT
dc.identifier.repourlrepourl:https://repository.eafit.edu.co
dc.identifier.urihttps://hdl.handle.net/10784/4649
dc.language.isoeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentCentro Valor Públicospa
dc.publisher.facultyEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordMergers and acquisitionseng
dc.subject.keywordEvent studyeng
dc.subject.keywordAirlineseng
dc.subject.keywordLatin Americaeng
dc.titleEffects of Mergers and Acquisitions on Shareholder Wealth: Event Study for Latin American Airlineseng
dc.typeinfo:eu-repo/semantics/workingPaper
dc.type.coarhttp://purl.org/coar/resource_type/c_8042
dc.type.localDocumento de trabajo de investigaciónspa
dc.type.redcolhttp://purl.org/redcol/resource_type/WP
dc.type.versioninfo:eu-repo/semantics/draft
dspace.entity.typePublication

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