Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorOng, Joseline.
dc.contributor.authorTan, Hui Kiow.
dc.contributor.authorChan, Faith Yun Ru.
dc.description.abstractThis research paper discusses merger and acquisitions (M&A) with relation to distress level of the target, in particular, the impact of the distress level of a target on the post-merger performance of the acquiring firm. We obtained a list of M&A deals from Bloomberg, for the period of 1st January 1997 to 31st December 2007. We also applied seven criteria in obtaining the sample set used to run our regression model. Besides distress level, we have also identified four other variables namely industry relatedness, method of payment, industry growth and relative size between target and acquirer, where we investigated the impact of these variables on the relationship between distress level and post-merger performance. To test for this impact, we divided the sample set into sub-groups according to our hypotheses. Our empirical results show that higher distress levels result in worse post-merger performance, and the four independent variables have an effect on this relationship, within one year after the completion of M&A. We also ran our regression model to test for these relationship two years after the completion of M&A, but the results obtained were insignificant, which is in line with our prediction that the impact of higher distress levels on post-merger performance will gradually reduce after the completion of M&A.en_US
dc.format.extent53 p.en_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Business::Finance::Mergers and acquisitionsen_US
dc.titleEffects of target’s financial distress level on post-merger performance.en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorTham Tze Minnen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
item.fulltextWith Fulltext-
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)
Files in This Item:
File Description SizeFormat 
  Restricted Access
1.04 MBAdobe PDFView/Open

Page view(s)

Updated on Nov 24, 2021


Updated on Nov 24, 2021

Google ScholarTM


Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.