Simultaneous representations of explanatory characteristics of mergers

In this paper we consider the effect of various explanatory characteristics on target and acquiring firm shareholder's wealth using a specialized graphical technique. Whereas previous analyses have considered each of the characteristics in isolation we analyse all the characteristics simultaneo...

Full description

Saved in:
Bibliographic Details
Published inSouth African journal of business management Vol. 19; no. 4; pp. 161 - 169
Main Authors R. C. Van Den Honert, G. D.I. Barr
Format Journal Article
LanguageEnglish
Published AOSIS 01.12.1988
Online AccessGet full text

Cover

More Information
Summary:In this paper we consider the effect of various explanatory characteristics on target and acquiring firm shareholder's wealth using a specialized graphical technique. Whereas previous analyses have considered each of the characteristics in isolation we analyse all the characteristics simultaneously by using the covariance biplot. By analysing the resulting single diagram for acquiring firms and target firms we are able to present information about the relative variability or riskiness of each level of the five characteristics, as well as about their co-movement.
ISSN:2078-5585
2078-5976
DOI:10.4102/sajbm.v19i4.987