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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 林姿婷(Tzu-Ting Lin) | |
| dc.contributor.author | I-Ting Hsiao | en |
| dc.contributor.author | 蕭奕亭 | zh_TW |
| dc.date.accessioned | 2021-06-08T03:42:58Z | - |
| dc.date.copyright | 2019-07-03 | |
| dc.date.issued | 2018 | |
| dc.date.submitted | 2019-06-12 | |
| dc.identifier.citation | 1. Altunbaş, Y. and Marqués, D., 2008. Mergers and acquisitions and bank performance in Europe: The role of strategic similarities. Journal of Economics and Business, 60 (3): 204–222.
2. Cai, Y., Tian, X. and Xia, H., 2016. Location, Proximity, and M&A Transactions. Journal of Economics & Management Strategy, 25(3):688–719. 3. Chia-Ling Ho, Gene C. Lai, and Jin-Ping Lee, 2013. Organizational structure, board composition, and risk taking in the US property casualty insurance industry. The Journal of Risk and Insurance, 80(1): 169-203 4. Coval, J.D. and Moskowitz, T., 1999. Home bias at home: Local equity preference in domestic portfolios. Journal of Finance, 54: 2045-2073. 5. Coval, J.D. and Moskowitz, T., 2001. The geography of investment: informed trading and asset prices. Journal of Political Economy, 109: 811-841. 6. Cummins, J.D. and Xie, Xiaoying, 2006. Efficiency and Value Creation in Acquisitions and Divestitures: Evidence from the US Property Liability Insurance Industry. University of Pennsylvania. 7. Elango, B., Ma, Y.L. and Pope, N., 2008. An Investigation into the Diversification Performance Relationship in the U.S. Property Liability Insurance Industry. Journal of Risk and Insurance, 75(3): 567-591. 8. Gaspar, J.M. and Massa, M., 2007. Local Ownership as private information: Evidence on the monitoring-liquidity trade-off. Journal of Financial Economics, 83: 751-792. 9. Grote, M.H. and Umber, M.P., 2007. Proximity preference in M&A transactions. Working paper. 10. Hsin-Yun Peng, 2016. Effects of Distance and Organizational Form on M&A Performance: Evidence from the U.S. Property Liability Insurance Industry. National Taiwan University. 11. Ivkovich, Z. and Weisbenner, S., 2005. Local does as local is: information content of the geography of individual investors’ common stock information. Journal of Finance 60 (1): 267-306. 12. J. David Cummins, 1996. The Impact of Firm Risk on Property-Liability Insurance Prices. The Journal of Risk and Insurance, 63(3): 501-514. 13. J. David Cummins. and David W. Sommer, 1996. Capital and risk in property-liability insurance markets. Journal of Banking & Finance, 20(6): 1069-1092. 14. Kedia, S., Panchapagesan, V. and Uysal, V. B., 2008. Geography and Acquirer Return. Journal of Financial Intermediation, 17(2):256-275. 15. Lienbenberg, A. P. and Sommer, D. W., 2008. Effects of Corporate Diversification: Evidence from the Property-Liability Industry. Journal of Risk and Finance, 75 (4):893-919. 16. Russell W. Coff., 1999. How buyers cope with uncertainty when acquiring firms in knowledge-intensive industries: Caveat emptor. Organization Science, 10(2): 144-161 17. Shim, Jeungbo, 2011. Mergers & Acquisitions, Diversification and Performance in the U.S. Property-Liability Insurance Industry. Journal of Financial Services Research, 39:119–144. 18. Wan-Ping, Chung, 2015. Distance and M&A Performance in the U.S. Property Liability Insurance Industry. National Taiwan University. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/21696 | - |
| dc.description.abstract | 本研究使用美國產險業公司作為樣本，探討併購公司與併購標的的地理關係(距離及雙方地理位置)對併購績效之影響，並加入網路普及化之因素。研究結果發現以下三點：(1)併購公司與其併購標的距離越近，併購績效越好；(2)併購公司與其併購標的地理位置越佳，併購績效越好；(3)當併購公司與併購標的之地理位置佳，距離與併購績效的負相關將減弱。本研究亦發現網路普及化提高併購公司取得資訊的容易程度，與併購績效呈現正向關係，並降低地理位置對併購績效的正面影響。 | zh_TW |
| dc.description.abstract | This paper investigates the U.S. property-liability insurance industry to study the effect of geographical relationship (distance and location) between the merger or acquirer and its target on the M&A performance, adding the use of internet as a factor. This paper comes out the following three conclusions: (1) Mergers and acquisitions which occur within shorter distances are more likely to perform better. (2) Mergers and acquisitions with better locations are more likely to perform better. (3) The better locations the merger or acquirer and its target have, the less impact distances have on the M&A performance. This paper also finds a positive correlation between the use rate of internet and the performance of mergers and acquisitions, while the use rate of internet will reduce the positive correlation of location and the M&A performance. | en |
| dc.description.provenance | Made available in DSpace on 2021-06-08T03:42:58Z (GMT). No. of bitstreams: 1 ntu-107-R06723035-1.pdf: 891797 bytes, checksum: 2a290d1aa228fe094c62be4d764ac1ee (MD5) Previous issue date: 2018 | en |
| dc.description.tableofcontents | 口試委員會審定書 i
中文摘要 ii Abstract iii 第一章 緒論 1 第一節 研究動機 1 第二節 論文架構 1 第二章 文獻探討 2 第一節 軟資訊與併購績效 2 第二節 距離與併購績效 2 第三節 地理位置與併購績效 3 第四節 文獻總結 4 第三章 研究方法 5 第一節 研究假說 5 第二節 研究模型與研究變數 5 第三節 資料來源 9 第四章 實證結果 15 第一節 敘述統計 15 第二節 迴歸分析實證結果 17 第五章 結論 24 參考文獻 25 | |
| dc.language.iso | zh-TW | |
| dc.title | 地理關係對美國產險業併購績效之影響 | zh_TW |
| dc.title | Geographical Relationship and M&A Performance in the U.S. Property-Liability Insurance Industry | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 107-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 詹芳書(Fang-Shu Chan),蔡英哲(Ying-Che Tsai) | |
| dc.subject.keyword | 併購,地理關係,距離,產險業,網路,軟資訊,資訊優勢, | zh_TW |
| dc.subject.keyword | M&A,Geographical Relationship,Distance,Property-Liability Insurance,Internet,Soft Information,Information Advantage, | en |
| dc.relation.page | 26 | |
| dc.identifier.doi | 10.6342/NTU201900899 | |
| dc.rights.note | 未授權 | |
| dc.date.accepted | 2019-06-13 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| 顯示於系所單位： | 財務金融學系 | |
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