Acquisitions, Shareholder Wealth and the Lodging Sector: 1980‐1990
International Journal of Contemporary Hospitality Management
ISSN: 0959-6119
Article publication date: 1 December 1994
Abstract
Examines the shareholder wealth effects of acquisitions in the lodging sector during the 1980s. Using the event study method, estimates the size of additional wealth accruing to shareholders of hotel companies arising from an acquisition. Over a 61‐day period surrounding the announcement of an acquisition, shareholders of target hotel companies earned, on average, 31.5 per cent additional returns.
Keywords
Citation
Kwansa, F.A. (1994), "Acquisitions, Shareholder Wealth and the Lodging Sector: 1980‐1990", International Journal of Contemporary Hospitality Management, Vol. 6 No. 6, pp. 16-20. https://doi.org/10.1108/09596119410070431
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited