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Post performance of Malaysian acquired firms: a preliminary study

This study uses accounting based measures to draw implication regarding the performance of the acquired firms. The results are reported based on the average of the five years before and after the takeover. This study has shown that the acquisition of public listed companies did not result in improve...

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Main Authors: Fauzias Mat Nor,, Shamsubaridah Ramlee,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 1995
Online Access:http://journalarticle.ukm.my/7962/1/797-1522-1-SM.pdf
http://journalarticle.ukm.my/7962/
http://ejournals.ukm.my/pengurusan/issue/view/203
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spelling my-ukm.journal.79622016-12-14T06:45:46Z http://journalarticle.ukm.my/7962/ Post performance of Malaysian acquired firms: a preliminary study Fauzias Mat Nor, Shamsubaridah Ramlee, This study uses accounting based measures to draw implication regarding the performance of the acquired firms. The results are reported based on the average of the five years before and after the takeover. This study has shown that the acquisition of public listed companies did not result in improvement in the earning performance after the takeover. In contrast to the actual performance of the companies. the investor S perception on the value of the target increased. The decline in earning performance ratio could be explained by the fact that all the takeovers sample except one are of a conglomerate type. Secondly. most of these acquisitions have been financed by the issue of shares by the bidder to the target s shareholders. resulting in dilution on earning performance. Penerbit Universiti Kebangsaan Malaysia 1995 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7962/1/797-1522-1-SM.pdf Fauzias Mat Nor, and Shamsubaridah Ramlee, (1995) Post performance of Malaysian acquired firms: a preliminary study. Jurnal Pengurusan, 14 . pp. 11-25. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/203
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This study uses accounting based measures to draw implication regarding the performance of the acquired firms. The results are reported based on the average of the five years before and after the takeover. This study has shown that the acquisition of public listed companies did not result in improvement in the earning performance after the takeover. In contrast to the actual performance of the companies. the investor S perception on the value of the target increased. The decline in earning performance ratio could be explained by the fact that all the takeovers sample except one are of a conglomerate type. Secondly. most of these acquisitions have been financed by the issue of shares by the bidder to the target s shareholders. resulting in dilution on earning performance.
format Article
author Fauzias Mat Nor,
Shamsubaridah Ramlee,
spellingShingle Fauzias Mat Nor,
Shamsubaridah Ramlee,
Post performance of Malaysian acquired firms: a preliminary study
author_facet Fauzias Mat Nor,
Shamsubaridah Ramlee,
author_sort Fauzias Mat Nor,
title Post performance of Malaysian acquired firms: a preliminary study
title_short Post performance of Malaysian acquired firms: a preliminary study
title_full Post performance of Malaysian acquired firms: a preliminary study
title_fullStr Post performance of Malaysian acquired firms: a preliminary study
title_full_unstemmed Post performance of Malaysian acquired firms: a preliminary study
title_sort post performance of malaysian acquired firms: a preliminary study
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 1995
url http://journalarticle.ukm.my/7962/1/797-1522-1-SM.pdf
http://journalarticle.ukm.my/7962/
http://ejournals.ukm.my/pengurusan/issue/view/203
_version_ 1643737310443864064
score 13.211869

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