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