Effect of information asymmetry on merger and acquisition premium: a case study of Kenya

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dc.contributor.authorMuoki, Angela Katumi
dc.date.accessioned2017-03-02T07:23:58Z
dc.date.available2017-03-02T07:23:58Z
dc.date.issued2015
dc.description.abstractThe purchase price of an asset is important since a high price may lead to financial distress for the buyer while a lower price might lead to the rejection of the bid. The research tries to examine the effect of information asymmetry on the price paid for a mergers and acquisitions in Kenya. The presence of information asymmetry is tested using proxies. The study finds that the premium for CFC, I&M and Access Kenya of 15.08%,4.58%,47% given that there is significant information asymmetry. Control over the level of information asymmetry is important to avoid over paying for an asset.en_US
dc.identifier.urihttp://hdl.handle.net/11071/5075
dc.language.isoesen_US
dc.publisherStrathmore Universityen_US
dc.titleEffect of information asymmetry on merger and acquisition premium: a case study of Kenyaen_US
dc.typeLearning Objecten_US
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