Market Perception of Consolidations in the European Defense Industry from 2001 to 2009 a Case of Event Studies
MBA Professional rept.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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The purpose of this research is to examine and analyze whether or not there was a statistically significant reaction in financial markets to the announcements of European defense manufacturers consolidations for the time period from 2001 to 2009. The research focuses on the top four European contractors which are BAE Systems, EADS, THALES and Finmeccanica. The analysis will be accomplished with the use of a series of event studies, using the arithmetic stock returns of the companies against the index of the intimate stock exchange market. The project will also examine whether the financial markets responded in the same manner in different consolidations and in different stock markets.
- Economics and Cost Analysis
- Manufacturing and Industrial Engineering and Control of Production Systems
- Defense Systems