2010 Fiscal Year Final Research Report
Analyzing the influence of corporate mergers and acquisitions on asset pricing
Project/Area Number |
20710117
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Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Single-year Grants |
Research Field |
Social systems engineering/Safety system
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Research Institution | Keio University |
Principal Investigator |
TAKAHASHI Hiroshi 慶應義塾大学, 大学院・経営管理研究科, 准教授 (60420478)
|
Project Period (FY) |
2008 – 2010
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Keywords | エージェントベースモデル / ファイナンス / 企業財務 / 行動経済学 / 資産運用 / 資産価格理論 / コーポレートファイナンス / 証券投資 |
Research Abstract |
In this research, I analyze the influence of both investors' and managers' behaviors on asset prices. As a result of intensive analyses, I found the following findings ;(1) where the performance measurement period is short, there may be a negative influence such as deviation from the fundamental value of trading prices, and (2) differences in acquisition method could have impact on bond returns.
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