Does family ownership affect M&A? study from listed companies in Thai Stock Exchange (SET) during year 2000-2015

Name: Maneerat Tanchaya

keyword: Mergers and acquisitions

LCSH: Family-owned business enterprises

; Family firm

LCSH: Consolidation and merger of corporations

; Non-family firm

; Agency theory

; Diversification theory

Abstract: This paper examine whether family-firm M&A can outperform non-family firms’ during announcement period and also find relationship of level of family, financial institution shareholding, industry and geographical diversification to acquiring firm’s shareholder wealth. The sample cover from 2000 to 2015, across all industries and acquiring firms that listed in Stock Exchange of Thailand (SET), as a result, found that family-firm M&A generate higher abnormal return than non-family’s, in addition, there is negative relationship of high level of family, financial institution shareholding and industry diversification to abnormal return, while positive relationship with geographical diversification

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Seksak Jumreornvong

Role: advisor

Created: 2016

Modified: 2021-06-14

Issued: 2021-06-14

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2016.362

eng

DegreeName: Master of Science

Level: Master's Degree

Descipline: Finance

Grantor: Thammasat University

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