Title :
Notice of Retraction
Market valuation and acquisition quality
Author_Institution :
School of Economics and Management, Wuhan University, Wuhan P.R China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Using a sample of 700 acquisition announced in the Shanghai security market during 2002 and 2006, with the help of event study and multivariate regression framework, this article investigates whether acquisitions occurring during booming markets are fundamentally different from those occurring during depressed markets. The results shows that in the short-run, the market seems to look more favorably upon acquisition announcements during high-valuation markets, and in the long-run, acquirers buying during low-valuation markets create significantly more shareholder wealth.
Keywords :
Corporate acquisitions; Cost accounting; Economics; Educational institutions; Multivariate regression; Presses; Security; Market Valuation the Quality of Acquisition Event Study;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882386
