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1

Junarsin, Eddy. "EXECUTIVE COMPENSATION RESTRICTIONS AND SHAREHOLDER WEALTH MAXIMIZATION DURING THE FINANCIAL CRISIS: EMPIRICAL EVIDENCE FROM U.S. BAILED-OUT COMPANIES." OpenSIUC, 2013. https://opensiuc.lib.siu.edu/dissertations/714.

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Shareholders can utilize internal and external governance mechanisms to minimize agency costs. Internal governance mechanisms purport to improve the alignment between shareholders' interests and those of management by empowering the board of directors, setting value-maximizing compensation packages, employing leverage, and using other internal policies. Extensive discussion on corporate governance and regulations has motivated financial experts to conduct research on governance mechanisms and their relations to firm value. This study is focused on one particular aspect of corporate governance,
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2

Yeo, Boon Hong. "Antigreenmail charter amendments and shareholders’ wealth." Thesis, University of British Columbia, 1986. http://hdl.handle.net/2429/25689.

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From time to time, firms do repurchase their shares. An open market repurchase or a general tender offer does not have the effect of transfering wealth from one group of shareholders to another. This is in contrast to a privately negotiated premium repurchase from a single block holder where the remaining shareholders are excluded from participating in the offer. This type of targeted share repurchasing has been observed before - or in connection with - a takeover attempt and often has the effect of terminating the takeover attempt. Such a targeted share repurchase is commonly referred to as
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3

Ben-Amitai, Boaz Baruch. "Wealth-maximization as a political conception of justice." Thesis, University of Cambridge, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.612933.

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4

Booragadda, Bhavika. "IPO Underpricing and Insider Wealth Maximization in Internet firms." Scholarship @ Claremont, 2018. http://scholarship.claremont.edu/cmc_theses/1818.

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This paper empirically tests the theoretical model developed by Aggarwal, Krigman and Womack (2001), which argues that insiders of a firm strategically underprice its initial public offering to maximize personal wealth by selling shares at lockup expiration. First day underpricing generates information momentum for the stock in terms of increased research coverage and recommendations by analysts. Increased research coverage is positively correlated with stock returns and insider selling at the end of the lockup period. Although the value of the stock should be typically based on discounted exp
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5

Zhao, Huainan. "Shareholders' wealth effects of corporate takeovers in the UK." Thesis, Durham University, 2002. http://etheses.dur.ac.uk/1063/.

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6

Dankyi, Daniel K. "Analysis of life insurance lapses and utility-maximization of shareholders' expected profit." Thesis, City University London, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.367262.

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7

Wang, Han-Min. "The wealth effects of voluntary foreign divestitures : the UK evidence." Thesis, University of Essex, 2001. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.327096.

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8

Speiser, David. "A Model of IPO Underpricing as a Means of Wealth Maximization of Owners." St. Gallen, 2006. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/01654284001/$FILE/01654284001.pdf.

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9

Gadad, Abdul-Magid M. "The effects of divestiture on firm operating performance and shareholders wealth : UK evidence." Thesis, University of Essex, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.243357.

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10

Mvita, Mpinda Freddy. "The impact of dividend policy on shareholders' wealth : evidence from the Vector Error Correction Model." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/31010.

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Dividend policy is widely researched in financial management, but determining whether it affects the market price per share is difficult. There has been much published on the subject, which presented theories such as the Modigliani, Miller, Gordon, Lintner, Walter and Richardson propositions and the relevance and irrelevance theories. However, little research has been done on the impact of dividend policy on shareholders’ wealth while considering the short- and long-run effects. The Vector Error Correction Model (VECM) was used to describe the short-run and long-run dynamics or the adjustment
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11

Benlemlih, Mohammed. "The double edged sword of corporate social responsibility : mechanisms to sustain shareholders' wealth and avoid social overinvestment." Thesis, Grenoble, 2014. http://www.theses.fr/2014GRENG012.

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Cette thèse de doctorat s'inscrit dans le courant de recherche qui étudie les implications financières associées à une meilleure responsabilité sociale des entreprises (RSE). Après un chapitre préliminaire qui nous permet de présenter la littérature antérieure et de situer notre recherche, nous effectuons trois études empiriques. Dans la première étude, nous étudions l'impact de la RSE sur le risque financier des entreprises (mesuré par le risque total, systématique et spécifique). En utilisant un échantillon de 5716 observations entre 2001 et 2011, nous montrons que les entreprises socialemen
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12

Heuer, Stella, and Lajos Szabó. "Shifting socioemotional wealth prioritization during a crisis : A content analysis of statements to shareholders of family businesses." Thesis, Jönköping University, Internationella Handelshögskolan, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-52708.

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Family businesses are generally considered to be the most prevalent form of business around the world. They have also been shown to differ from their non-family counterparts due the non-economic factors that influence their decision-making. One of the most widely used conceptualization of these factors concerns the controlling family’s socioemotional endowment or in other words, the family’s socioemotional wealth. Newer approaches have proposed that socioemotional wealth can not only be broken down into several component dimensions, but that these dimensions may shift in prioritization in resp
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13

Lapanan, Nicha, and Stefan Anchev. "Wealth effects from asset securitization : (the case of Australia)." Thesis, Umeå universitet, Företagsekonomi, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-47813.

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Asset securitization is one of the most important financial innovations recently. With an impressive growth in terms of volume of issuance, from almost zero to five trillion USD, in a period of 15-20 years, it is one of the most rapidly growing markets in the financial world. Yet, little is known about this, literally invisible market. Companies engage in asset securitization for a variety of reasons and numerous advantages and disadvantages of asset securitization can be found throughout the literature. Asset securitization has an impact on a number of stakeholder groups: shareholders, manage
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Dula, Lee Michael. ""Doing well by doing good" revisited does Exxonmobil's corporate philanthropy yield increased wealth for shareholders in the short term? /." Connect to Electronic Thesis (CONTENTdm), 2009. http://worldcat.org/oclc/449128950/viewonline.

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15

Reynolds, Noel. "Managerial decision making and stockholder wealth maximization a limited dependent variables model of the choice between dividends and stock repurchases /." [Tampa, Fla.] : University of South Florida, 2004. http://purl.fcla.edu/fcla/etd/SFE0000254.

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Reynolds, Noel. "Managerial Decision Making and Stockholder Wealth Maximization: A Limited Dependent Variables Model of the Choice Between Dividends and Stock Repurchases." Scholar Commons, 2003. https://scholarcommons.usf.edu/etd/1219.

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This research attempts to provide an explanation for the firm's choice of using either a dividend or a stock repurchase for distributing cash to its stockholders. It also provides an examination of the impact of the firm's disbursement decision on the stock market's resulting reassessment of the value of the firm. Before analyzing the disbursement decision, I examine the stock market effects of dividends and stock repurchases using an event study methodology that corrects for the possible variance change effects of cash distribution announcements. I find that the measured wealth effects are st
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17

McKinnon, Tom Clarence. "International joint venture operations with developing countries : the existence and sources of wealth effects for the announcing Australian firm's shareholders /." Title page, contents and introduction only, 1996. http://web4.library.adelaide.edu.au/theses/09C/09cm158.pdf.

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18

Al-Ghamdi, Saleh A. "An Empirical Investigation into the Value of Credit Lines." Thesis, University of North Texas, 2019. https://digital.library.unt.edu/ark:/67531/metadc1609149/.

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Access to adequate liquidity to finance future investments is an essential element of financial management. The two main questions that this dissertation attempts to answer are (i) what is the net valuation effect of LoC? and (ii) if LoC create value, what are the sources of this value? To answer these questions, I constructed a sample of 85,232 firm-years spanning from 1993 to 2016, with credit line data obtained from Capital IQ and Bloomberg. I investigated the valuation effects of LoC with a methodology extensively used in the analysis of the valuation implications of cash. I used this meth
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19

Danbolt, Johan Bernt Heiberg. "A comparative analysis of the wealth effects to target and bidding company shareholders from domestic and cross-border acquisitions into the United Kingdom (1986-1991)." Thesis, Heriot-Watt University, 1996. http://hdl.handle.net/10399/1302.

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This thesis contains an analysis of the impact on shareholder wealth of domestic and cross-border takeover bids for UK listed companies. The study covers the calendar years from 1986 to 1991 inclusive. For the cross-border acquisitions, data is available for an analysis of 143 targets, 71 bidders, and 55 matched pairs of targets and bidders. For domestic acquisitions, data was available for 568 targets, 414 bidders and 356 pairs of targets and bidders. Three different event study methodologies are applied; the capital asset pricing model, the market model, and the index model. UK target compan
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20

Willemse, Beverly Jean. "Electricity price hikes : managing for sustainable value creation in a mining company / Beverly Jean Willemse." Thesis, North-West University, 2012. http://hdl.handle.net/10394/8449.

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Companies are faced with challenges constraining the achievement of set budgets, goals, profit and cost of product, to name a few, on a daily basis. These challenges influence value creation and sustainable value creation. Value-based management is an integrated management tool which may assist in achieving sustainable value creation within a company. Achieving sustainable value creation will result in benefits for both the shareholders and the various stakeholders. In 2008 and 2009 Eskom, South Africa’s sole electricity provider announced a major shortage of electricity and consequently major
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21

Djäken, Johan. "Doing Good While Being Good : A study of the relationship between Corporate Social Responsibility and the Swedish Companies Act." Thesis, Uppsala universitet, Juridiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-306630.

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This thesis investigates the current interrelationship between the provisions contained in the Swedish Company Act (2005:551) and activities related to Corporate Social Responsibility (CSR) pursued by companies listed at Nasdaq Stockholm. The focal point of this thesis could be argued to be of particular relevance in this day and age, as companies listed at Nasdaq Stockholm continue to perform at the top of the league in global sustainability performance measurements, and Swedish and European legislators have intensified their efforts to encourage businesses to operate in a way that does not i
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22

Bassan, Heder. "Gestão pela qualidade total e desempenho financeiro : um estudo da geração de riqueza ao acionista em empresas vencedoras de prêmios nacionais da qualidade do continente americano." Universidade Federal de São Carlos, 2016. https://repositorio.ufscar.br/handle/ufscar/7455.

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Submitted by Ronildo Prado (ronisp@ufscar.br) on 2016-09-26T20:36:08Z No. of bitstreams: 1 TeseHB.pdf: 2062145 bytes, checksum: b972449137394268fafbe29e9a683305 (MD5)<br>Approved for entry into archive by Ronildo Prado (ronisp@ufscar.br) on 2016-09-26T20:36:36Z (GMT) No. of bitstreams: 1 TeseHB.pdf: 2062145 bytes, checksum: b972449137394268fafbe29e9a683305 (MD5)<br>Approved for entry into archive by Ronildo Prado (ronisp@ufscar.br) on 2016-09-26T20:36:51Z (GMT) No. of bitstreams: 1 TeseHB.pdf: 2062145 bytes, checksum: b972449137394268fafbe29e9a683305 (MD5)<br>Made available in DSpace on 20
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23

Thraya, Mohamed. "Fusions-acquisitions, transfert de richesses et enracinement des actionnaires : trois essais." Phd thesis, Université de Grenoble, 2011. http://tel.archives-ouvertes.fr/tel-00683614.

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Notre thèse s'intéresse aux conflits d'agence entre les actionnaires de contrôle et les actionnaires minoritaires pouvant surgir suite à une décision de fusion ou d'acquisition. Plus précisément, nous tentons, à travers trois essais, d'identifier les cas où, les actionnaires de contrôle utilisent des opérations de fusions-acquisitions comme un outil de transfert de richesses des actionnaires minoritaires vers leurs propres comptes. Dans le premier essai, nous présentons une analyse théorique de ce comportement opportuniste avec deux cas portant sur des faits réels. En utilisant la méthodologie
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24

Ncube, Sifiso. "Shareholders' wealth maximization effect of mergers and acquisitions." Thesis, 2003. http://hdl.handle.net/10413/2386.

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In this study the effect of mergers and acquisitions on the wealth of shareholders is investigated by a case study method. The merger between Abraxas Investment Holdings and AST Ltd to form AST Group Ltd is investigated to establish any form of gains accruing to the shareholders whether abnormal or otherwise as a result ofthis merger. Two methods have been used to undertake this exercise namely the Stock Price Analysis and the Accounting data method. The accounting data method depicts an improvement in the post merger performance of AST Group Ltd as indicated by increases on the ratios such as
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Carne, Marty. "What do shareholders really expect? A survey of shareholder attitude to stakeholder management in Australian banks and other companies." Thesis, 2019. http://hdl.handle.net/1959.13/1408474.

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Professional Doctorate - Doctor of Business Administration (DBA)<br>Over several decades, there has been an academic debate concerning whether companies should be operated for the benefit of shareholders or for the benefit of stakeholders. This has practical implications for management : which approach should directors and company officers observe? The former approach, known generally as Shareholder Wealth Maximization Theory, sees shareholders as the exclusive or primary beneficiary of the company. It is the traditional approach and regarded as the incumbent. However, it is criticized as bein
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26

Lupa, Patrick. "The BCE Blunder: An Argument in Favour of Shareholder Wealth Maximization." Thesis, 2010. http://hdl.handle.net/1807/25783.

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The traditional approach to corporate governance in Canada has centered on shareholders. This model of governance is commonly referred to as shareholder primacy. The shareholder primacy model has recently been rejected by the Supreme Court of Canada in Peoples v. Wise and BCE v. 1976 Debentureholders. This paper will be argued that directors should be required to focus exclusively on increasing shareholder value in the change of control context. It is within the change of control context that shareholders most require fiduciary protection. In addition, the shareholder primacy rule provides an
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27

Hitzelberger, Simon. "What effect do poison pills have on shareholder value? an empirical research on the adoption of poison pills." Master's thesis, 2017. http://hdl.handle.net/10362/26192.

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Poison pills are controversial devices. There is no common conclusion how the market reacts to their adoption. This empirical study finds statistically significant, positive abnormal returns centred on the day of the adoption of the pill. Consequently, this paper argues in favour of the shareholder wealth maximization hypothesis, stating that poison pills protect shareholders by giving the management a superior bargaining position. Further sub-sample analysis shows that poison pill adoption with an unwelcomed takeover threat drive the positive results in the sample. Routine poison pills do not
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Chen, Hsi-Yi. "Convertible Bond Issuance, Shareholders Wealth and Corporate Governance." 2004. http://www.cetd.com.tw/ec/thesisdetail.aspx?etdun=U0001-2507200422141900.

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Chen, Hsi-Yi, and 陳汐怡. "Convertible Bond Issuance, Shareholders Wealth and Corporate Governance." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/00593707395077272256.

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碩士<br>國立臺灣大學<br>財務金融學研究所<br>92<br>Euro Convertible Bonds (ECB) and domestic Convertible bonds (CB) have become popular financing instruments for Taiwanese corporations in recent years. However, there may be corporate governance problem associated with ECB and CB issuance. In addition, shareholders’ wealth may be diluted if bond indenture is not fair enough. This article investigates the possible dilution effect by reviewing three clauses setting on ECB and CB. Empirical results show that ECBs and CBs of firms with better corporate governance characteristics end to enjoy high conversion premium
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Wu, Chih-hom, and 吳志宏. "The Impact of SFAS No.10 on Shareholders wealth." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/42002464290807168947.

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碩士<br>國立成功大學<br>財務金融研究所<br>97<br>On December 18, 2008, Taiwan’s Financial Supervisory Commission (FSC) declares that Taiwan’s Statement of Financial Accounting Standards (SFAS) No.10 was effective for financial year ending after December 31, 2008, with early application encouraged. The research which has empirically documented the link between SFAS No.10 and stock price is scant. Therefore, the aim of this article investigates the stock price impact of SFAS No.10 on the list companies of Taiwan Stock Exchange Center (TSEC). This event study took 612 observations and the window is 5 days on th
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Ying, Chen Wen, and 陳文英. "The Effect of Corporate Charitable Giving on Shareholders’ Wealth." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/99e9wv.

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碩士<br>長榮大學<br>管理學院經營管理碩士班<br>106<br>Abstract The purpose of this study is to investigate the impact of declaring charity donation on stock prices and the impact of corporate charity donations on shareholders’ wealth among publicly-listed companies in Taiwan. With a sample of Taiwanese publicly-listed firms between January 01, 2012 and December 31, 2016, we examine the effect of firms’ declaring charity donation on abnormal share price returns. The empirical evidence indicates that the declaration of corporate charitable donations is not related to bullish or bearish stock price reaction in adv
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Bo-Chun, Huang, and 黃柏鈞. "An Effect of Merger and Acquisition on the Wealth of Shareholders." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/26025083625920954394.

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碩士<br>大葉大學<br>事業經營研究所<br>93<br>This study examines the influence of merger and acquisition announcement that effect earnings of 40 Taiwan’s Hi-Tech listing companies. It uses data from January 1999 to December 2004. An empirical study with main structure based on Kothari, Lewellen, and Warner (2004) is implemented. The results are as follow : First, phenomenon due to let out news before merger and acquisition announcement, demonstrate investors’ private signals by conservatism bias, therefore, there was under react to private signals. Second, during the merger and acquisition announcement appr
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Kuo, Kao-Hung, and 郭高宏. "The Influence of Chinese Split-share Structure Reform on Shareholders Wealth." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/94558270730312093699.

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碩士<br>國立成功大學<br>財務金融研究所<br>96<br>This study uses “the liquidity theory” and “market segmentation theory,” the lack of market liquidity reflects its crucial difference in premiums of tradable shares. Therefore, the reform of the split-share ownership structure allows all stocks tradable and eliminates its premiums. Moreover, those with non-tradable shares should pay considerations to compensate losses of tradable shareholders. First of all, this study is about to present the consideration value to tradable shares’ value ratio of listed companies having finished non-tradable shares and discuss w
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Tseng, Jih-Ming, and 曾紀明. "The Effect on Operating Performance and Shareholders Wealth Through Proxy Contest." Thesis, 1995. http://ndltd.ncl.edu.tw/handle/54277707762001789804.

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碩士<br>國立臺灣大學<br>財務金融學研究所<br>83<br>The proxy contest is one means by which shareolders may exercise the control authority embededded in their equity claims in Taiwan. The purpose of this paper is to discuss the economic effect on proxy contest.   We select a sample of 58 election contests during 1988-1993 in Taiwan. By using a Non-Parametric approach and CAR, the results are as follows:   1.Our finding show no convincing evidence of inferior operating perfor- mance of proxy targets in comparision to the control samples.   2.Following the contest, there are not significant improvement for contes
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Magazi, Mthokozisi W. "M&A effects on shareholders' wealth within South African REITs." Thesis, 2020. https://hdl.handle.net/10539/31174.

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A research report submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, in partial fulfilment of the requirements of the degree of Masters of Science in Building, 2020 The School of Construction Economics and Management University of Witwatersrand, 2020<br>Mergers and Acquisitions (M&A) within real estate investments trusts (REITs) have been a way to; catalyse growth, improve the competitiveness, broaden portfolio to reduce business risk, maintain competitiveness and increase shareholders wealth. This research is to examine whether
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Ursel, Nancy D. "Geographic and product-line bank expansions : effects on bondholders' and shareholders' wealth." Thesis, 1990. http://spectrum.library.concordia.ca/3363/1/NN64723.pdf.

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Li, Hsin-Jung, and 李欣蓉. "The Effect of Corporate Governance on the Shareholders'' Wealth of Acquiring Firms." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/sjexsu.

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碩士<br>國立高雄第一科技大學<br>企業管理研究所<br>96<br>This study investigates the impact of corporate governance on the stockholder’s wealth of the acquiring firms, besides discussing the relationship between corporate governance variables and M&A announcement effect, the study still tries to verify if corporate governance index can affect the stockholders’ wealth of the acquirers. The result of the study shows that an adequate corporate governance structure has a minor impact on acquisition announcement. Regardless of the corporate governance quality, information leakage exists before M&A announcement, and
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Wu, William, and 吳宏仁. "The Shareholders''wealth Effect of Corporate Capital Invest- ment Announcement in Taiwan." Thesis, 1994. http://ndltd.ncl.edu.tw/handle/16393680906552618094.

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碩士<br>輔仁大學<br>管理科學研究所<br>82<br>The purpose of the thesis is to find the shareholders'' wealth effect of corporate capital investment announcement in Taiwan by event research method and cross-sectional regression method. Besides that I use shareholder wealth maximization, rational expectation, institutor and size maximization four assumptions to test the purpose of the thesis.
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Tsai, Shu-Ting, and 蔡淑婷. "The Effect of Firm Insiders' Charitable Contributions of Stocks on Shareholders' Wealth." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/96300574276047379317.

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碩士<br>長榮大學<br>經營管理研究所<br>99<br>Based on 85 samples of filing as a contribution collected from 2001 to 2009, this study, by using the Event Study method, observes the effect of a firm’s insider charitable contributions of stocks on shareholder wealth, and whether shareholders have the market timing ability when making a contribution. If a contributor times the market in a charitable contribution, then the market cumulative abnormal return will show a reverse V shape, indicating that the stock price is at a relatively high level before contribution. We also discuss the difference of the market r
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Lee, Kai Ti, and 李愷悌. "The effect of announcement of mergers and acquisitions on the shareholders’ wealth." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/63022551494445099173.

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碩士<br>長庚大學<br>工商管理學系<br>100<br>We examine announcement period abnormal returns to acquirers of listed and unlisted targets over the interval 1990 to 2011. The sample is obtained from acquiring firms of listed company in Taiwan, which contains a total of 341 observations, with 74 listed sample targets and 267 unlisted sample targets. In addition, we group sample into several types by methods of payment, high-tech industry and cross-border M&A. The market model of event study is applied to analyze the shareholders’ reactions to announcement of mergers and acquisitions. The empirical results of o
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Chuang, Hsiao-Chun, and 莊小君. "The Effects of Shareholders' Wealth and Premium or Discount on Private Placement Announcement." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/10240159872295049814.

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碩士<br>輔仁大學<br>金融研究所<br>96<br>This study examines the samples of private placement announcement after the Financial Supervisory Commission (FSC) announced new regulations of private placement in October 2005. This study uses“event study” methodology to examine the effect of shareholder’s wealth on private placement announcement, and employs multiple regression models to analyze the factors of cumulative abnormal returns and premium or discount on private placement announcement. The findings of this study are as follows: 1. The cumulative average abnormal return of private placement announcem
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Hsu-Ming-Chun and 許銘俊. "The Effect of Merge and Acquisition Announcement on Shareholders’ Wealth of Acquiring Firms." Thesis, 1999. http://ndltd.ncl.edu.tw/handle/49270141663964966172.

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Lee, Yung-Chi, and 李泳騏. "The Impacts of Strategies of Branding and OEM in Electronics on Shareholders’ Wealth." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/67070708924443607400.

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碩士<br>輔仁大學<br>科技管理學程碩士在職專班<br>99<br>In recent years, some international brands are asking for a lower cost in production has lead to the shrinking margins of electronic industry in Taiwan, despite its rising market share and growth rate. Being trapped in such plight, many companies in Taiwan are transforming their business nature to crater the every changing market trend so as to keep up a positive growth in their margin. In my paper, I have chosen 4 countries for my case studies, they are “Samsung corporation”, "ASUS Taiwan", "Acer Incorporated" and OEM "Foxconn". I have analyzed the operatio
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Tu, Chi Yu, and 杜娸鈺. "Digital Finance and Wealth Management Utility Maximization - A Case Study of A Commercial Bank." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/4b2a79.

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碩士<br>國立清華大學<br>經營管理碩士在職專班<br>104<br>With advances in technology, Brett King, the expert of global banking innovation proposed "Bank is no longer a place to go, but something you do." The future of the bank will be service-oriented, the interaction between Bank and customer will be changed slowly, banking services should also be provided along with innovation in order to create unique value. Believe in bank will be beyond imagination in the future while people will no longer rely on bank counter service & real ATM but turning to extensive use of online banking, mobile payment. Financial Superv
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Fu-Yung, Chiang, and 江馥永. "The Effects of Divestiture on Seller Firms'' Operating Performance and Shareholders'' Wealth: Taiwan Evidence." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/10399629215777317342.

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46

Su, Ching-Jie, and 蘇靖婕. "Effects of Shareholders' Wealth on Mergers and Acquisitions from Listed Financial Companies in Taiwan." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/5qc264.

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碩士<br>國立中央大學<br>財務金融學系在職專班<br>104<br>In the end of year two thousand, through "financial institution merger law", and in Jun,27,2001 the government announced "financial holding company", and implemented in Nov,11,2001. Continually Passed "regulations on securitization of financial assets", "Financial Supervisory Commission organic law" legislation, in order to promote the establishment of financial holding companies. Financial institutions began to merge and provid customers the "one shopping" service for management costs reduction, In other words they can get more profit. Nearly years there a
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Hung, Shu Ling, and 洪淑玲. "The Shareholders Wealth and Operating Performance after Mergers for the North American Petroleum Industry." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/80058649805560920970.

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碩士<br>國立交通大學<br>財務金融研究所<br>96<br>This study examines whether the market return and operating performance of merged firms changed after acquisition and investigates the relation between the method of payment in acquisition and the post-acquisition operating performance. Using 102 acquisitions in North American petroleum industry during 1986-2004, this article finds that the target firms earn significant positive excess returns after merged but to the acquiring firms the measurement of excess returns are not significant. As for post-acquisition long-term operating performance, we find no evidenc
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chen, shin-lei, and 陳新蕾. "The Shareholders Wealth and Corporate Performance after Mergers for the North American Biotech Industries." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/88926107985921752763.

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碩士<br>國立交通大學<br>財務金融研究所<br>96<br>The biotechnology industry is the 21st century important industry, it makes a profit comes from the patent obtaining. Biotechnology industry can undertake mergers and acquisitions to obtain patent quickly and improve its competitiveness further. We want to know whether mergers can bring the growth for the enterprise value. Therefore, this paper focuses on merging firms' announcement effect and operating performance following mergers in the North American Biotech Industries. First, we apply event study to examine if biotechnology industry has significant stock r
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Kuo, Su-Ling, and 郭夙玲. "Effects of Shareholders' Wealth on Private Placement Announcement- Evidence from Listed Companies in Taiwan." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/14960825102672913464.

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碩士<br>國立交通大學<br>管理學院碩士在職專班財務金融組<br>97<br>Since previous studies on private placement announcement covered the samples before new regulations which the Financial Supervisory Commission (FSC) announced in Oct. 2005, their results might be biased due to incomplete regulations. Some of these studies did not exclude samples that relate capital reduction announcements at the same time. This study examines the announcement samples of private equity placement, which was chosen from Oct. 2005 to the end of 2008. This study adopts the event study methodology using market model to examine the effect of p
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Li, I.-Cheng, and 李易政. "The Impact of Financial Accounting Standards for Asset Impairment on the Wealth of Shareholders." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/05159210453349374631.

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碩士<br>國立中央大學<br>企業管理研究所<br>94<br>This paper examines the stock price impact of SFAS No.35 – Accounting for Asset Impairment – on the listed companies of TSEC. The sample contains 677 observations for the 2003 to 2005 period. First, we use the Event Study to examine the stock effects on the three important event dates for the announcements of the financial accounting standards. In order to increase the robustness, we combine all the sample companies to a portfolio then use the OLS and the SUR to estimate the average abnormal returns. We found negative stock effects for both companies and invest
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