Waves and Persistence in Merger and Acquisition Activity

John T. Barkoulas; Christopher F. Baum; Atreya Chakraborty

doi:10.1016/S0165-1765(00)00374-8

Waves and Persistence in Merger and Acquisition Activity

John T. Barkoulas, Christopher F. Baum, Atreya Chakraborty

Finance

Research output: Contribution to journal › Article › peer-review

25 Scopus citations

Abstract

Markov regime-switching and sine-wave models have been used to capture the apparent wave-like behavior in aggregate U.S. merger and acquisition (M and A) activity. In this paper we offer an alternative characterization of the dynamic structure in M and A activity as a strongly dependent or long-memory process.

Original language	American English
Pages (from-to)	237-243
Number of pages	7
Journal	Economics Letters
Volume	70
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(00)00374-8
State	Published - Feb 2001

Scopus Subject Areas

Finance
Economics and Econometrics

Keywords

Acquisitions
C12
G34
Long memory
Mergers
Persistence

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10.1016/S0165-1765(00)00374-8

Cite this

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title = "Waves and Persistence in Merger and Acquisition Activity",

abstract = "Markov regime-switching and sine-wave models have been used to capture the apparent wave-like behavior in aggregate U.S. merger and acquisition (M and A) activity. In this paper we offer an alternative characterization of the dynamic structure in M and A activity as a strongly dependent or long-memory process.",

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author = "Barkoulas, {John T.} and Baum, {Christopher F.} and Atreya Chakraborty",

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AU - Baum, Christopher F.

AU - Chakraborty, Atreya

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N2 - Markov regime-switching and sine-wave models have been used to capture the apparent wave-like behavior in aggregate U.S. merger and acquisition (M and A) activity. In this paper we offer an alternative characterization of the dynamic structure in M and A activity as a strongly dependent or long-memory process.

AB - Markov regime-switching and sine-wave models have been used to capture the apparent wave-like behavior in aggregate U.S. merger and acquisition (M and A) activity. In this paper we offer an alternative characterization of the dynamic structure in M and A activity as a strongly dependent or long-memory process.

KW - Acquisitions

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KW - G34

KW - Long memory

KW - Mergers

KW - Persistence

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VL - 70

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JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Waves and Persistence in Merger and Acquisition Activity

Abstract

Scopus Subject Areas

Keywords

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