Publisher:

Instytut Rozwoju Wsi i Rolnictwa Polskiej Akademii Nauk

Place of publishing:

Warszawa

Type of object:

Journal/Article

Abstract:

The capital concentration processes taking place on the public market relate also to enterprises from the food industry. Reports on the planned take-overs and the take-over process itself exert a strong influence on the market of shares of the companies that are being taken over and, consequently, on the shareholders' profits. The prices of shares begin to grow tangibly already in the period preceding the take-over, which can be ascribed to the fact that information about the take-over plans reaches investors and which confirms the hypothesis about the information efficiency of the capital market. However, the highest growth in share prices takes place a few days after the take-over. The results of the conducted research indicate that the investors who would buy the shares of food companies a month before the 1 take-over and who would sell them a month after the take-over could count on the average rate of return of over 15%.

References:

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Relation:

Wieś i Rolnictwo

Issue:

2 (139)

Start page:

104

End page:

114

Resource Identifier:

oai:rcin.org.pl:241604 ; doi:10.53098/wir.2008.2.139/07 ; 0137-1673 (print); 2657-5213 (on-line)

Source:

click here to follow the link

Language:

pl

Language of abstract:

eng

Rights:

Creative Commons Attribution BY 4.0 license

Terms of use:

Copyright-protected material. [CC BY 4.0] May be used within the scope specified in Creative Commons Attribution BY 4.0 license, full text available at:

Digitizing institution:

Institute of Rural and Agricultural Development of the Polish Academy of Sciences

Original in:

Library of the Institute of Rural and Agriculture Development of the PAS

Projects co-financed by:

"Development of scientific journals" program - Ministry of Science and Higher Education (project number RCN/SP/0473/2021/1)

Access:

Open