empirical analysis
analyse the impact of an M&A announcement on acquiring and target firms
separately, thus allowing you to compare the impact of M&A announcements on acquiring
vs target firms. The announcement dates should be restricted to 1st
January 2014 to 31st
December 2014.
You will need to read a synopsis of previous literature examining share price reaction
around M&A to fully understand how to set up your hypotheses and methods of enquiry
and should discuss the literature briefly in your report. Links to relevant papers will be put
on Blackboard. The marking grid for the empirical research is attached.
You need to find announcement data for 50 acquiring firms, and for 50 target firms (100 in
total). It should select target and acquiring firms from the same country i.e. UK.
You will need to conduct two separate searches for the M&A data on Thomson, one for
acquiring firms, and the second for target firms. You then need to gather the share price
data for your observations, along with the closing prices for an appropriate stock index, i.e.
for the UK it can be the FTSE all-share index, or for the USA the S&P 500 index.
You are asked to read guidance carefully and upload the outline for empirical analysis before you start to write this work. Once the owner confirm this outline is OK. Then we can start to write.
2. You are asked to ensure the authenticity and veracity of data for empirical analysis.
I will provide you guidances and a past paper and some relevant coursewares.
please click the link to get full relevant data.
http://www.sendspace.com/filegroup/nxpruzmnGeg3XwhjVZmbsjzRi69tTDCU
Although the tutor did not say anything clearly, I think it is enough to done this paper. I don’t know whether you have logged in Blackboard following my steps. If you are not, please login. In there, you will see all relevant data. The guidance which you think it is not detailed tell us what should be done and which data need to be collected. And the Merger paper file tell us the format and detailed structure of empirical paper. Furthermore, The Thomson PPT file tell us how to use the software to analyse data. In addition, please click Seminar, there are some courseware, it teach us what is empirical analyse and how to analyse. Please synthesize all of those data to done this paper.
Thank you very much. If you have any doubts, please let me know. I will try my best to assist you.