| dc.contributor | 財管系 | |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Lin, Chih-Yen | en_US |
| dc.date (日期) | 2018-05 | |
| dc.date.accessioned | 24-Jul-2018 16:16:59 (UTC+8) | - |
| dc.date.available | 24-Jul-2018 16:16:59 (UTC+8) | - |
| dc.date.issued (上傳時間) | 24-Jul-2018 16:16:59 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/118859 | - |
| dc.description.abstract (摘要) | This paper examines the impact of managerial ability on the profitability of mergers and acquisitions. We find that acquisitions by firms with high managerial ability generate better announcement abnormal returns as well as better post-announcement abnormal returns than deals by firms with low managerial ability. We also find deals with high managerial ability pay significantly lower premiums than deals without. Further, we find that managers with high managerial ability perform better in scenarios with high environmental uncertainty, which suggests that high environmental uncertainty is an important scenario that should be incorporated into studies of the influence of managerial ability. | en_US |
| dc.format.extent | 671225 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | The Quarterly Review of Economics and Finance,Volume 68, Pages 171-182 | |
| dc.subject (關鍵詞) | Managerial ability; Mergers and acquisitions; Environmental uncertainty; Shareholder wealth | en_US |
| dc.title (題名) | Managerial ability and acquirer returns | en_US |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1016/j.qref.2017.09.004 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.qref.2017.09.004 | |
