Corporate Governance Implications and Synergistic Effects of a Shipping Takeover
| dc.contributor.author | Papanikolaou, Ioannis | en |
| dc.date.accessioned | 2015-03-23T14:39:32Z | |
| dc.date.available | 2015-09-27T05:56:10Z | |
| dc.date.issued | 2015-03-23 | |
| dc.identifier.uri | https://repository.ihu.edu.gr/xmlui/handle/11544/44 | |
| dc.rights | Default License | |
| dc.title | Corporate Governance Implications and Synergistic Effects of a Shipping Takeover | en |
| heal.abstract | This dissertation thesis examines the field of M&A in shipping industry. The basic purpose of this research is to investigate the behavior of shipping firms’ stock returns before and after the announcements of takeover deals. Moreover, it brings into focus the corporate governance implications in a potential corporate deal. The sample of employed event study analysis is constituted of the biggest M&A deals during the last decade in order to evaluate the synergistic effects of an M&A in shareholders’ value. Furthermore, this paper assesses some major corporate governance characteristics of the acquirer with the most important value creation. The empirical results indicate the positive impact that M&A announcements of company takeovers cause in shareholders’ value. This impact of corporate deals is highly important and creates financial value especially for the target firm in the shipping industry. The empirical findings underline the central role of corporate governance in the shipping firms which can influence the response of a firm in a potential corporate deal. | en |
| heal.academicPublisher | MSc in Banking and Finance/School of Economics & Business Administration | en |
| heal.academicPublisherID | ihu | |
| heal.access | free | el |
| heal.advisorName | Syriopoulos, Theodore | en |
| heal.bibliographicCitation | Ioannis Papanikolaou, Corporate Governance Implications and Synergistic Effects of a Shipping Takeover, MSc in Banking and Finance, School of Economics & Business Administration, 2011 | en |
| heal.committeeMemberName | Syriopoulos, Theodore | en |
| heal.fullTextAvailability | true | |
| heal.generalDescription | This dissertation thesis examines the field of M&A in shipping industry. The basic purpose of this research is to investigate the behavior of shipping firms’ stock returns before and after the announcements of takeover deals. Moreover, it brings into focus the corporate governance implications in a potential corporate deal. The sample of employed event study analysis is constituted of the biggest M&A deals during the last decade in order to evaluate the synergistic effects of an M&A in shareholders’ value. Furthermore, this paper assesses some major corporate governance characteristics of the acquirer with the most important value creation. The empirical results indicate the positive impact that M&A announcements of company takeovers cause in shareholders’ value. This impact of corporate deals is highly important and creates financial value especially for the target firm in the shipping industry. The empirical findings underline the central role of corporate governance in the shipping firms which can influence the response of a firm in a potential corporate deal. | en |
| heal.language | en | |
| heal.license | http://creativecommons.org/licenses/by-nc/4.0 | |
| heal.numberOfPages | 41 | |
| heal.publicationDate | 2011-09-30 | |
| heal.recordProvider | School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance | |
| heal.tableOfContents | 1. Introduction ............................................................................................................ 4 i. Shipping Industry and M&A deals ................................................................... 5 ii. Corporate Governance framework ................................................................. 10 2. Literature Review ................................................................................................. 13 3. Methodology ........................................................................................................ 20 4. Data analysis & Discussion .................................................................................. 24 i. Stock Price Performance ................................................................................ 24 ii. Corporate Governance characteristics ............................................................ 30 5. Conclusions and Recommendations ...................................................................... 34 6. List of References ................................................................................................. 36 7. Appendices ........................................................................................................... 39 | en |
| heal.type | masterThesis |
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