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dc.contributor.authorWarraich, Hamza
dc.date.accessioned2016-09-22T14:51:01Z
dc.date.available2016-09-22T14:51:01Z
dc.identifier.urihttp://hdl.handle.net/10464/10434
dc.description.abstractThis paper investigates the short-term and long-term stock performance of firms that undergo corporate inversions. The results show that the market response to the initial inversion announcement differs based on the type of inversion. Merger & Acquisition (M&A) and restructuring inversions are perceived positively by the market, but naked inversions do not generate a price response. Furthermore, acquirers in inversion-related M&A transactions generate a price premium that is in excess of what is typically generated by acquirers in non-inversion M&A. In the long-run, firms that invert through naked and M&A inversions do not generate significant excess returns above the S&P 500. In contrast, restructured inverted firms generate significant excess returns of 214.53%. Collectively, however, the results suggest that corporate inversion alone is not an indicator of future stock returns.en_US
dc.language.isoengen_US
dc.publisherBrock Universityen_US
dc.subjectCorporate Taxen_US
dc.subjectCorporate Inversionen_US
dc.subjectTax Avoidanceen_US
dc.titleCorporate Inversions and Long-Run Performanceen_US
dc.typeElectronic Thesis or Dissertationen_US
dc.degree.nameM.Sc. Managementen_US
dc.degree.levelMastersen_US
dc.contributor.departmentFaculty of Business Programsen_US
dc.degree.disciplineFaculty of Businessen_US


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