{"id":{"repo_id":"unlv","oai_identifier":"oai:oasis.library.unlv.edu:rtds-2324"},"canonical_url":"https://search.dev.ndltd.org/etd/unlv/oai:oasis.library.unlv.edu:rtds-2324","repository":{"repo_id":"unlv","name":"University of Nevada - Las Vegas","base_url":"https://oasis.library.unlv.edu/do/oai/"},"display":{"title":"An analysis of wealth effect to shareholders of the lodging industry in mergers and acquisitions","abstract":"This study originated from the question of whether additional wealth gains from merger and acquisition activities accrued to shareholders of both acquiring and target hotel firms since there is no enough evidence related to the hospitality industry; The result indicated that corporate takeovers generate, on average, significant positive additional gains to shareholders of acquiring firms of non-casino hotel firms and shareholders of target firms of both non-casino and casino hotel firms. Shareholders of acquiring firms of non-casino hotel firms, on the other hand, earn \"normal\" returns from the takeover proposals. Furthermore, the results showed that there is a difference in the size of additional gains between acquiring firms of non-casino hotel and casino hotel firms, and that there is a difference in size of additional gains between target firms of non-casino hotel and casino hotel firms.","abstract_html":"This study originated from the question of whether additional wealth gains from merger and acquisition activities accrued to shareholders of both acquiring and target hotel firms since there is no enough evidence related to the hospitality industry; The result indicated that corporate takeovers generate, on average, significant positive additional gains to shareholders of acquiring firms of non-casino hotel firms and shareholders of target firms of both non-casino and casino hotel firms. Shareholders of acquiring firms of non-casino hotel firms, on the other hand, earn "normal" returns from the takeover proposals. Furthermore, the results showed that there is a difference in the size of additional gains between acquiring firms of non-casino hotel and casino hotel firms, and that there is a difference in size of additional gains between target firms of non-casino hotel and casino hotel firms.","abstract_has_math":false,"creators":["Kim, Sung-Hwan"],"institution":"University of Nevada, Las Vegas","degree_name":"Master of Science (MS)","degree_level":"Thesis","degree_discipline":"Hotel Administration","degree_department":null,"school":null,"contributors":["Skip Swerdlow"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2001,"date_issued":"2001-01-01T08:00:00Z","date_published":"2001-01-01T08:00:00Z","updated_at":"2026-07-24T05:25:26Z","subjects":[],"languages":["English"],"rights":["IN COPYRIGHT. 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Shareholders of acquiring firms of non-casino hotel firms, on the other hand, earn \"normal\" returns from the takeover proposals. Furthermore, the results showed that there is a difference in the size of additional gains between acquiring firms of non-casino hotel and casino hotel firms, and that there is a difference in size of additional gains between target firms of non-casino hotel and casino hotel firms."]},{"key":"dc:format","label":"Dc Format","values":["pdf"]},{"key":"dc:title","label":"Title","values":["An analysis of wealth effect to shareholders of the lodging industry in mergers and acquisitions"]}]}],"canonical_facts":{"dc:contributor":["Skip Swerdlow"],"dc:creator":["Kim, Sung-Hwan"],"dc:description.abstract":["This study originated from the question of whether additional wealth gains from merger and acquisition activities accrued to shareholders of both acquiring and target hotel firms since there is no enough evidence related to the hospitality industry; The result indicated that corporate takeovers generate, on average, significant positive additional gains to shareholders of acquiring firms of non-casino hotel firms and shareholders of target firms of both non-casino and casino hotel firms. Shareholders of acquiring firms of non-casino hotel firms, on the other hand, earn \"normal\" returns from the takeover proposals. Furthermore, the results showed that there is a difference in the size of additional gains between acquiring firms of non-casino hotel and casino hotel firms, and that there is a difference in size of additional gains between target firms of non-casino hotel and casino hotel firms."],"dc:format":["pdf"],"dc:identifier":["10.25669/j4ly-m91n","https://oasis.library.unlv.edu/rtds/1325","https://oasis.library.unlv.edu/context/rtds/article/2324/viewcontent/uc.pdf"],"dc:language":["English"],"dc:publisher":["University of Nevada, Las Vegas"],"dc:rights":["IN COPYRIGHT. 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