Preliminary Evidence on Takeover Target Returns in Spain: A Note

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dc.contributor.author Ocaña Pérez de Tudela, Carlos
dc.contributor.author Peña Sánchez de Rivera, Juan Ignacio
dc.contributor.author Robles, Dolores
dc.date.accessioned 2010-03-01T10:11:27Z
dc.date.available 2010-03-01T10:11:27Z
dc.date.issued 1997-01
dc.identifier.bibliographicCitation Journal of Business Finance & Accounting, 1997, vol. 24, nº1, pp.145-153.
dc.identifier.issn 0306-686X (print)
dc.identifier.issn 1468-5957 (online)
dc.identifier.uri http://hdl.handle.net/10016/7071
dc.description.abstract This paper measures the share price returns to Spanish takeover targets over the period 1990 to 1994. Using several estimation and testing methods, we show that target shareholders gain significant abnormal returns in the announcement period. In the first part of the year before the announcement period, firms that become targets do not show significant abnormal returns, though there is some significant upturn in the two months before the bid.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Willey Blackwell
dc.rights ©Blackwell publishing
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Takeovers
dc.subject.other Target firms
dc.subject.other Abnormal residuals
dc.subject.other Market model
dc.subject.other Spain
dc.title Preliminary Evidence on Takeover Target Returns in Spain: A Note
dc.type article
dc.type.review PeerReviewed
dc.description.status Publicado
dc.relation.publisherversion http://dx.doi.org/10.1111/1468-5957.00099
dc.subject.eciencia Empresa
dc.identifier.doi 10.1111/1468-5957.00099
dc.rights.accessRights openAccess
dc.identifier.publicationfirstpage 145
dc.identifier.publicationissue 1
dc.identifier.publicationlastpage 153
dc.identifier.publicationtitle Journal of Business Finance & Accounting
dc.identifier.publicationvolume 24
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