What's in a name? Evidence on corporate name changes from the Australian capital market.

Josev, T, Faff, R and Chan, H 2004, 'What's in a name? Evidence on corporate name changes from the Australian capital market.', Pacific Accounting Review, vol. 16, no. 1, pp. 57-75.


Document type: Journal Article
Collection: Journal Articles

Title What's in a name? Evidence on corporate name changes from the Australian capital market.
Author(s) Josev, T
Faff, R
Chan, H
Year 2004
Journal name Pacific Accounting Review
Volume number 16
Issue number 1
Start page 57
End page 75
Total pages 18
Publisher Pacific Accounting Review Trust
Abstract This paper investigates the economic impact of corporate name changes around the time of their announcement. We analyse a sample of 107 listed Australian companies that changed their name over the period January 1995 to December 1999. We conduct separate analysis of firms having 'major' versus 'minor' name changes; of firms with coincident financial restructuring versus firms without restructuring; of small firms versus large firms and of dotcom firms versus non-dotcom firms. Generally, we find some evidence of a negative association between the corporate name change event and abnormal returns. This seems particularly the case for those companies whose name change is deemed to be 'major'.
Subject Financial Economics
DOI - identifier 10.1108/01140580410818469
ISSN 0114-0582
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