Quyền kiểm soát công ty mục tiêu và chênh lệch giá trong hoạt động mua lại và sáp nhập tại Việt Nam
DOI:
https://doi.org/10.24311/jabes/2018.29.10.1327Keywords:
Corporate Control, M&A premium, M&A in VietnamAbstract
This study is one of the first studies which evaluates the impact of the acquirer’s control motive on M&A premium in Vietnamese stock market. Using a combination of impact analysis of an event and multivariate regression upon M&A data in the 2007–2016 period, this paper finds the strong motivation for control rights, rather than the financial gains, in M&A transactions. Such finding is more consistent with the theory of the market for corporate control than the theory on the motivation for financial gain via M&A transactions.
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