| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
Factors Affecting International Mergers and Acquisitions
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| Autores: |
Reed, Michael R.
Babool, Md. Ashfaqul Islam
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| Data: |
2006-01-23
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| Ano: |
2003
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| Palavras-chave: |
Industrial Organization
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| Resumo: |
The purpose of this paper is to investigate the factors that explain outward and inward merger and acquisition (M/A) activity for a country. The variables used to explain M/A activity include the exchange rate, interest rate, and stock market prices. Regression analysis is used to isolate and clarify the effects of these three factors for aggregate M/A activity and M/A activity within the food, beverage, and tobacco industry. The analysis shows that three variables, the exchange rate, interest rate, and stock prices, are quite important in explaining variations in M/A activity by country. Exchange rate changes in particular have a very elastic impact on outward M/A activity, indicating that price effects are important in determining outward investment flows. The stock market index positively influenced inward and outward M/A activity. The interest rate had a negative impact on M/A in the inward and outward M/A models with M/A outflows decreasing by about the same percentage that interest rates increase.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
19568
http://purl.umn.edu/34373
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| Editor: |
AgEcon Search
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| Relação: |
International Food and Agribusiness Management Review>Volume 06, Issue 04, 2003
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| Formato: |
15
application/pdf
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