An analysis of wealth effect to shareholders of the lodging industry in mergers and acquisitions

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.

Name thesis:degree_name

Master of Science (MS)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Hotel Administration

Grantor dc:publisher

University of Nevada, Las Vegas

Year

2001

Author dc:creator

• Kim, Sung-Hwan

Contributors dc:contributor

• Skip Swerdlow

Statement dc:rights

• IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Language dc:language

English

Identifier

https://oasis.library.unlv.edu/rtds/1325

OAI identifier oai:identifier

oai:oasis.library.unlv.edu:rtds-2324