DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Han, Seung Hun | - |
dc.contributor.advisor | 한승헌 | - |
dc.contributor.author | Lee, Yehwan | - |
dc.date.accessioned | 2022-04-15T07:58:04Z | - |
dc.date.available | 2022-04-15T07:58:04Z | - |
dc.date.issued | 2021 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=948607&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/295076 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 기술경영학부, 2021.2,[ii, 30 p. :] | - |
dc.description.abstract | This study examines the relationship between firm-level political risk and mergers and acquisitions (M&As). While many studies investigate political uncertainty at the macro-level, we use a firm-specific measure of political risk to account for heterogeneity in each firm’s exposure to the political environment. We find that political risk has a negative relationship with the likelihood of M&A announcement. Specifically, financial constraints and managerial risk preference provide the mechanisms in which political risk affects acquisition likelihood. Furthermore, we find a negative association between political risk and firm performance after deal completion. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Firm-level political risk▼aPolitical uncertainty▼aFinancial constraints▼aRisk preference▼aM&A | - |
dc.subject | 기업단위 정치적 위험▼a정치적 불확실성▼a재무적 제약▼a위험선호▼a인수합병 | - |
dc.title | Political risk, financial constraint, and managerial risk preference: evidence from M&A decisions | - |
dc.title.alternative | 정치적 위험, 재무적 제약, 경영자의 위험선호의 관계에 대한 연구: 인수합병 사례를 중심으로 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :기술경영학부, | - |
dc.contributor.alternativeauthor | 이예환 | - |
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