The mediating effect of financial ratios, corporate governance and corporate social responsibility on the relationship of business combination on abnormal returns and on firm value using multi-variate analysis with latent variables

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ID: 284631
2019
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Abstract
The substantially large number of business combination and the materially huge value invested therein imply that it is becoming large-scale feature of global economies. History proves that while there are business combinations that succeeded, there are those deals that failed, even the biggest merger ever caused by the compounding effects of various factors including fraudulent financial reporting, poor governance and discordant cultures and values. Here from, the paper draws interest about how business combination truly affects resulting firms in terms of their abnormal returns and firm value as mediated by financial ratios, corporate governance and corporate social responsibility. Literature showed diverged results regarding the effects between the variables. Hence, the paper utilized explanatory research design. It applied total enumeration sampling method to include 25 companies after excluding those firms of financial in nature and with incomplete data. The paper utilized these firms’ annual reports for the three years before the year of business combination, the year of business combination and for the three years thereafter. Thus, it employed 175 samples. Moreover, it used PLS-SEM to conduct the study. Novelty, the paper established that the effect of business combination on abnormal returns is fully mediated by activity ratio while the effect of business combination on firm value is not mediated at all.
Reference Key
persistent_1760653228_68f16fac6d206 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Pagaddut, John G.
Journal Malay Journal
Year 2019
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etd_masteral/7145
Keywords Keywords not found

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