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Board of Directors Educational Diversity and Acquirer’s Announcement Cumulative Abnormal Returns

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Board of Directors Educational Diversity and Acquirer’s Announcement Cumulative Abnormal Returns

Rau, Daniel (2016) Board of Directors Educational Diversity and Acquirer’s Announcement Cumulative Abnormal Returns. Masters thesis, Concordia University.

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Abstract

The aim of this paper is to study the relationship between the educational diversity of the board directors and the acquirer’s cumulative abnormal return associated with the announcement of a M&A. The results show that the cumulative abnormal return is positively related to educational diversity, however the model exhibits significant heteroscedasticity and therefore the results cannot be accepted as conclusive. Several attempts at fixing the heteroscedasticity failed and statistically appropriate model relating the cumulative abnormal returns to the explanatory variables is yet to be found.

Divisions:Concordia University > John Molson School of Business
Item Type:Thesis (Masters)
Authors:Rau, Daniel
Institution:Concordia University
Degree Name:M. Sc.
Program:Administration (Finance option)
Date:13 May 2016
Thesis Supervisor(s):Betton, Sandra
ID Code:982133
Deposited By: DANIEL RAU
Deposited On:09 Jun 2017 15:30
Last Modified:07 Aug 2019 18:19
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