Market Perception of Consolidations in the European Defense Industry from 2001 to 2009 a Case of Event Studies

Abstract

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.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2009
Accession Number
ADA501516

Entities

People

  • Konstantinos Tourkantonis
  • Panagiotis Panagiotakopoulos

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Advanced Electronics
  • Ground and Sea Platforms
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Agreements
  • Armored Vehicles
  • Business Administration
  • Contractors
  • Data Analysis
  • Defense Industry
  • Economics
  • European Union
  • Governments
  • Information Systems
  • International Relations
  • Law
  • National Security
  • Naval Operations
  • Navy
  • Procurement
  • United States

Fields of Study

  • Business

Readers

  • Defense Technology Research and Development.
  • Logistics and Supply Chain Management.
  • Naval Engineering and Maritime Security