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Takeover bids : evidence from the Portuguese market

dc.contributor.authorRodrigues, Vasco
dc.date.accessioned2018-05-24T13:17:50Z
dc.date.available2018-05-24T13:17:50Z
dc.date.issued2003-12
dc.description.abstractThroughout the nineties, a number of tender offers occurred in the Por- tuguese market. This article employs event study methodology to investigate their effects on the involved firms’ shareholders. On average, these operations increased the market value of the involved firms by 2% to 3%. However, target sharehold- ers appropriated most of this gain, earning 18% over their firms’ previous value, whereas bidder shareholders seem to have gained nothing. These averages bent in bidders shareholders favour, however, when bidders held significant positions in the targets’ capital before the bid.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationRodrigues, Vasco (2001). "Titulo". Portuguese Economic Journal, 2(3):145-171pt_PT
dc.identifier.doi10.1007/s10258-003-0023-6pt_PT
dc.identifier.issn1617-982X (print)
dc.identifier.issn1617-9838 (online)
dc.identifier.urihttp://hdl.handle.net/10400.5/15481
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSpringer Verlagpt_PT
dc.relationGrant PRAXIS/PCSH/C/CEG/30/96pt_PT
dc.subjectTender offerspt_PT
dc.subjectEvent studiespt_PT
dc.subjectPortuguese marketpt_PT
dc.titleTakeover bids : evidence from the Portuguese marketpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceLisboapt_PT
oaire.citation.endPage171pt_PT
oaire.citation.issue3pt_PT
oaire.citation.startPage145pt_PT
oaire.citation.titlePortuguese Economic Journalpt_PT
oaire.citation.volume2pt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT

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