| dc.description.abstract | The purpose of the thesis is to investigate the impact ofthe acquisition of the Refrigeration Electrical Engineering Corporation (REE) on the target firm, Thac Ba Hydro Power Join Stock Company (TBC). The major result of the study is the Abnormal Returns and Cumulative Abnormal Returns of the acquired firm (TBC)‟s stock is significantly impacted in specific days and windows. To be more detail, the value of Abnornal reurns is significant at day [-8], [-7] and [+5]. This means the acquisition information would be leaked before the deal and the investor overvalue of the stock after the transaction. In addition, the Cumulative Abnormal Returns are significantly influenced in window [-1,-2] and [+1,+3] with inverse value, therein the former experienced the negative value while the latter witnessed the positive value. In addition, the financial ratio analysis on the acquired also explains for the evidence of benefits achieved after the acquisition. | en_US |
