Reactions of the Capital Market for Mergers and Acquisitions on Example of 'Vistula' and 'Wolczanka SA'.

• Authors: Kedzierska-Szczepaniak A.
• Languages of publication: PL

Abstracts

EN

The risk of mergers and acquisitions (M&A) is very high. The companies will take the consequences of those transactions for a very long time. Despite the risk, many firms decide to take part in M&A processes.The interesting aspect of M&A is the investors' reaction on planned consolidations. This reaction can be measured by CAR method (cumulative abnormal return). This method helps to estimate the real rate of return for company shares on the ground of the previous quotation. The article presents one of the most famous mergers at the Polish market in 2006 - the merger of the 'Vistula' and 'Wolczanka S.A.'

Keywords

EN

CUMULATIVE ABNORMAL RETURN METHOD; MERGERS & ACQUISITIONS; RATE OF RETURN

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2008
• Volume: 11
• Issue: 3(40)
• Pages: 143-150
• Document type: ARTICLE

Contributors

author

Kedzierska-Szczepaniak A.

• A. Kedzierska-Szczepaniak, Uniwersytet Gdanski, Wydzial Zarzadzania, ul. Armii Krajowej 101, 81-824 Sopot, Poland

Identifiers

CEJSH db identifier

08PLAAAA053411