DC Field | Value | Language |
---|---|---|
dc.contributor.author | Park, MyeongCheol | ko |
dc.contributor.author | Yang, DH | ko |
dc.contributor.author | Nam, Changi | ko |
dc.contributor.author | Ha, YW | ko |
dc.date.accessioned | 2013-03-04T01:22:16Z | - |
dc.date.available | 2013-03-04T01:22:16Z | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.issued | 2002-02 | - |
dc.identifier.citation | ETRI JOURNAL, v.24, no.1, pp.56 - 64 | - |
dc.identifier.issn | 1225-6463 | - |
dc.identifier.uri | http://hdl.handle.net/10203/81279 | - |
dc.description.abstract | This paper investigates how market participants react to mergers and acquisitions (M&As) involving telecommunications companies. The empirical evidence suggests that such activities convey bad news to the market. This is consistent with the synergy trap hypothesis and extant empirical findings of value-reducing diversification strategies in recent literature. The evidence also indicates that a cross-border, rather than a domestic M&A deal, is the main driver of the negative market reaction. Further, our evidence of negative impacts on the bidder's business after an M&A reinforces our main finding that market participants, on average, perceive M&A activities to be detrimental to shareholder value. This suggests that value creation or synergy through an M&A deal is not warranted even though it can generate an increase in size of the firm. | - |
dc.language | English | - |
dc.publisher | ELECTRONICS TELECOMMUNICATIONS RESEARCH INST | - |
dc.title | Mergers and acquisitions in the telecommunications industry: Myths and reality | - |
dc.type | Article | - |
dc.identifier.wosid | 000173864100006 | - |
dc.identifier.scopusid | 2-s2.0-0036472265 | - |
dc.type.rims | ART | - |
dc.citation.volume | 24 | - |
dc.citation.issue | 1 | - |
dc.citation.beginningpage | 56 | - |
dc.citation.endingpage | 64 | - |
dc.citation.publicationname | ETRI JOURNAL | - |
dc.contributor.localauthor | Park, MyeongCheol | - |
dc.contributor.localauthor | Nam, Changi | - |
dc.contributor.nonIdAuthor | Yang, DH | - |
dc.contributor.nonIdAuthor | Ha, YW | - |
dc.type.journalArticle | Article | - |
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