Abstract:The current study is aimed at checking the impact of the acquisition on the various short-run and long-run firm characteristics like abnormal returns, cost efficiency, and operational hedging of acquirer firms. Results have been analyzed for Pakistan Stock Exchange for a period of 2006 to 2019. The acquisition may signal the future prospects of both acquirer and target firms. The event study technique indicates the significant abnormal returns after 3 days of the acquisition announcement. However, pre-event … Show more
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