The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi

Literature in the field of M&A shows that acquirers did not gain from the transaction and the successful rate of takeovers was quite low at about 40% in the 1970s and about 60% in the 1990s. So, this study aims to investigate the effects of engaging financial advisers in merger and acquisition (...

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Main Author:	Yazi, Erimalida
Format:	Thesis
Language:	English
Published:	2011
Subjects:	Personal finance Financial literacy
Online Access:	https://ir.uitm.edu.my/id/eprint/37066/1/37066.pdf
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id	my-uitm-ir.37066
record_format	uketd_dc
spelling	my-uitm-ir.370662022-12-06T00:10:45Z The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi 2011-12 Yazi, Erimalida Personal finance. Financial literacy Financial management. Business finance. Corporation finance Literature in the field of M&A shows that acquirers did not gain from the transaction and the successful rate of takeovers was quite low at about 40% in the 1970s and about 60% in the 1990s. So, this study aims to investigate the effects of engaging financial advisers in merger and acquisition (M&A) transactions. It measures whether different tiers of financial advisers with different expertise, experience and information bring different outcome towards their clients' finns in terms of speed, successful rate and wealth effect. Commonly, the choice of financial advisers to provide M&A advice was essentially determined by their perceived quality or reputation. The determination of the adviser quality was based on the annual adviser league table according to the market share of the advisers for the twelve-month period. Flexible ranking method was used in order to differentiate the quality of advisers. Using flexible ranking method, the financial advisers are ranked every year based on the market share in that particular year. First tier advisers are ranked by 1/3 of the highest market share. Second tier advisers who control another 1/3 of the market share. The rest are third tier advisers. Three models are highlighted in order to determine the effect of engaging financial advisers. Logistic regression was carried out to predict the successful or unsuccessful deals. For speed of completion and abnormal returns, multiple regression analysis was conducted to see the effect of engaging financial advisers. 2011-12 Thesis https://ir.uitm.edu.my/id/eprint/37066/ https://ir.uitm.edu.my/id/eprint/37066/1/37066.pdf text en public masters Universiti Teknologi MARA Cawangan Sarawak Faculty of Business Management
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Personal finance Financial literacy Personal finance Financial literacy
spellingShingle	Personal finance Financial literacy Personal finance Financial literacy Yazi, Erimalida The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
description	Literature in the field of M&A shows that acquirers did not gain from the transaction and the successful rate of takeovers was quite low at about 40% in the 1970s and about 60% in the 1990s. So, this study aims to investigate the effects of engaging financial advisers in merger and acquisition (M&A) transactions. It measures whether different tiers of financial advisers with different expertise, experience and information bring different outcome towards their clients' finns in terms of speed, successful rate and wealth effect. Commonly, the choice of financial advisers to provide M&A advice was essentially determined by their perceived quality or reputation. The determination of the adviser quality was based on the annual adviser league table according to the market share of the advisers for the twelve-month period. Flexible ranking method was used in order to differentiate the quality of advisers. Using flexible ranking method, the financial advisers are ranked every year based on the market share in that particular year. First tier advisers are ranked by 1/3 of the highest market share. Second tier advisers who control another 1/3 of the market share. The rest are third tier advisers. Three models are highlighted in order to determine the effect of engaging financial advisers. Logistic regression was carried out to predict the successful or unsuccessful deals. For speed of completion and abnormal returns, multiple regression analysis was conducted to see the effect of engaging financial advisers.
format	Thesis
qualification_level	Master's degree
author	Yazi, Erimalida
author_facet	Yazi, Erimalida
author_sort	Yazi, Erimalida
title	The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
title_short	The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
title_full	The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
title_fullStr	The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
title_full_unstemmed	The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi
title_sort	effects of engaging financial advisers in malaysian mergers and acquisitions (m&as) / erimalida yazi
granting_institution	Universiti Teknologi MARA Cawangan Sarawak
granting_department	Faculty of Business Management
publishDate	2011
url	https://ir.uitm.edu.my/id/eprint/37066/1/37066.pdf
_version_	1783734387410468864

The effects of engaging financial advisers in Malaysian mergers and Acquisitions (M&As) / Erimalida Yazi

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