Valuation of takeovers in Singapore.

This project examines the extent of differences between the offer prices of 34 takeovers of Singapore listed firms between the period 1983-1990 and the theoretical value per share as calculated by three selected valuation models. Our results indicate that the price-to-book method comes closest to...

Täydet tiedot

Bibliografiset tiedot
Päätekijät: Ko, Koon, Lim, Weng Keong, Wang, Meng Keong
Muut tekijät: Nanyang Business School
Aineistotyyppi: Final Year Project (FYP)
Kieli:English
Julkaistu: 2013
Aiheet:
Linkit:http://hdl.handle.net/10356/51159
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author Ko, Koon
Lim, Weng Keong
Wang, Meng Keong
author2 Nanyang Business School
author_facet Nanyang Business School
Ko, Koon
Lim, Weng Keong
Wang, Meng Keong
author_sort Ko, Koon
collection NTU
description This project examines the extent of differences between the offer prices of 34 takeovers of Singapore listed firms between the period 1983-1990 and the theoretical value per share as calculated by three selected valuation models. Our results indicate that the price-to-book method comes closest to the offer price. In addition, the project also examines the profitability of takeover in Singapore. Our results show that the returns averaged 20/0. Lastly, this project exammes the presence of a correlation between under or overvaluation and returns. We set a hypothesis that an undervalued firm would yield positive returns and vice versa. Our results indicate that there is no strong evidence among the 34 sample target firms that there is such a correlation
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spelling ntu-10356/511592023-05-19T06:24:05Z Valuation of takeovers in Singapore. Ko, Koon Lim, Weng Keong Wang, Meng Keong Nanyang Business School Centre for Research in Financial Service Dr Andrew Lee DRNTU::Business::Accounting This project examines the extent of differences between the offer prices of 34 takeovers of Singapore listed firms between the period 1983-1990 and the theoretical value per share as calculated by three selected valuation models. Our results indicate that the price-to-book method comes closest to the offer price. In addition, the project also examines the profitability of takeover in Singapore. Our results show that the returns averaged 20/0. Lastly, this project exammes the presence of a correlation between under or overvaluation and returns. We set a hypothesis that an undervalued firm would yield positive returns and vice versa. Our results indicate that there is no strong evidence among the 34 sample target firms that there is such a correlation ACCOUNTANCY 2013-02-08T02:44:03Z 2013-02-08T02:44:03Z 1996 1996 Final Year Project (FYP) http://hdl.handle.net/10356/51159 en Nanyang Technological University 68 p. application/pdf
spellingShingle DRNTU::Business::Accounting
Ko, Koon
Lim, Weng Keong
Wang, Meng Keong
Valuation of takeovers in Singapore.
title Valuation of takeovers in Singapore.
title_full Valuation of takeovers in Singapore.
title_fullStr Valuation of takeovers in Singapore.
title_full_unstemmed Valuation of takeovers in Singapore.
title_short Valuation of takeovers in Singapore.
title_sort valuation of takeovers in singapore
topic DRNTU::Business::Accounting
url http://hdl.handle.net/10356/51159
work_keys_str_mv AT kokoon valuationoftakeoversinsingapore
AT limwengkeong valuationoftakeoversinsingapore
AT wangmengkeong valuationoftakeoversinsingapore