Hotel company mergers from 2004 to 2007: abnormal stock return and volume activity surrounding the merger announcement date

Barry A.N. Bloom

International Journal of Revenue Management, 2010, vol. 4, issue 3/4, 363-381

Abstract: An unprecedented number of hotel company mergers took place between 2004 and 2007. The purpose of this study was to determine whether there were abnormal stock returns or volume activity in the periods surrounding the merger announcement date in the trading of 19 public hotel companies which merged between 2004 and 2007. This study identified the statistically significant relationships in: 1) trading volume of companies that merged as compared to companies that did not merge; 2) abnormal returns for 20 days including and after the merger announcement date as compared to zero.

Keywords: hotel industry; real estate; mergers; acquisitions; abnormal stock returns; volume activity; merger announcement dates; public companies; trading volumes; USA; United States; revenue management; hospitality management. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=35962 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijrevm:v:4:y:2010:i:3/4:p:363-381

Access Statistics for this article

More articles in International Journal of Revenue Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().