With the continuing surge in the number of mergers and acquisitions in 2007, research effort has been
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With the continuing surge in the number of mergers and acquisitions in 2007, research effort has been devoted to determining whether the size of an acquisition has an effect on stockholders' abnormal returns (in percent) following the announcement of an impending acquisition. Given the data below about abnormal stockholder returns for three size groups of acquired firms, test for equality of mean abnormal return.
Large: 11.9, 13.2, 8.7, 9.8, 12.1, 8.8, 10.3, 11.0
Medium: 8.6, 8.9, 5.3, 4.1, 6.2, 8.1, 6.0, 7.1
Small: 5.2, 4.1, 8.8, 10.7, 12.6, 13.0, 9.1, 8.0
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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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