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Productivity and spillover effect of merger and acquisitions in Malaysia

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dc.contributor.authorNai Chiek Aik
dc.contributor.authorM. Kabir Hassan
dc.contributor.authorTaufiq Hassan
dc.contributor.authorShamsher Mohamad Ramadili Mohd
dc.date.accessioned2016-07-25T19:25:44Z
dc.date.available2016-07-25T19:25:44Z
dc.date.issued2015
dc.description.abstractThis paper aims to examine the productivity and spillover effect of Malaysian horizontal merger and acquisition (M&A) activities in the long run. In terms of analytical tools, economic value added (EVA) and data envelopment analysis (DEA) are used. The results of this study reveal that M&As in the absence of antitrust laws could be driven by managerial self-interest to create market power instead of realizing synergistic gains. Also, in Malaysia, the non-merging rival firms have significantly higher productivity improvement than the control bidder firms, and therefore, this study has identified the spillover effect as a behavior of M&A reaction. This paper differs from previous studies in that it attempts not only to examine the real long-term gains of horizontal M&A activities in Malaysia but also the spillover effects of M&A activities on similar but non-merging firms.
dc.identifier.citationNai, C. K., Hassan, M. K., Hassan, T., & Ramadili Mohd, S. M. (2015). Productivity and spillover effect of merger and acquisitions in Malaysia. Management Research Review, 38(3), 320-344. https://doi.org/10.1108/MRR-07-2013-0178
dc.identifier.doihttps://doi.org/10.1108/MRR-07-2013-0178
dc.identifier.issn2040-8269
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1305
dc.languageEnglish
dc.language.isoeng
dc.publisherEmerald
dc.rights2015. Emerald
dc.sourceCRP
dc.subjectMalaysia
dc.subjectDEA
dc.subjectEVA
dc.subjectGovernment policy
dc.subjectMerger
dc.titleProductivity and spillover effect of merger and acquisitions in Malaysia
dc.typeJournal Article
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional finance
ikr.topic.subtopicConventional finance
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relation.isAuthorOfPublication.latestForDiscovery33b91dde-0170-454c-8f2b-ec4b208837b9
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