Szücs, Florian. 2016. The Triggers and Clustering Properties of Merger Waves. Applied Economics 48 (56), 5485-5496.


BibTeX

@ARTICLE{Szücs2016,
title = {The Triggers and Clustering Properties of Merger Waves},
author = {Florian Szücs},
year = {2016},
doi = {http://dx.doi.org/10.2139/ssrn.2304279},
url = {http://dx.doi.org/10.1080/00036846.2016.1178849},
volume = {48},
number = {56},
language = {EN},
pages = {5485-5496},
journal = {Applied Economics},
abstract = {This paper studies the triggers and the agglomeration of M&A activity within clusters constituted by time, market and industry. Based on almost 500,000 individual transactions, we find that industry factors play a significant role in triggering activity and that M&A agglomerates strongly across related industries. While clustering in time turns out to be insignificant, stock-market effects can be either an attracting or a repelling force, depending on the type of deal examined. This supports the view that merger waves are largely driven by industry shocks. },
}

Abstract

This paper studies the triggers and the agglomeration of M&A activity within clusters constituted by time, market and industry. Based on almost 500,000 individual transactions, we find that industry factors play a significant role in triggering activity and that M&A agglomerates strongly across related industries. While clustering in time turns out to be insignificant, stock-market effects can be either an attracting or a repelling force, depending on the type of deal examined. This supports the view that merger waves are largely driven by industry shocks.

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Applied Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-D
Language English
Title The Triggers and Clustering Properties of Merger Waves
Volume 48
Number 56
Year 2016
Page from 5485
Page to 5496
Reviewed? Y
URL http://dx.doi.org/10.1080/00036846.2016.1178849
DOI http://dx.doi.org/10.2139/ssrn.2304279

Associations

People
Szücs, Florian (Details)
Organization
Economics DP (Details)
Quantitative Economics IN (Details)
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