Article
Waves and persistence in merger and acquisition activity
Economics Letters
(2001)
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.
Keywords
- Mergers,
- Acquisitions,
- Long memory,
- Persistence
Disciplines
Publication Date
2001
Citation Information
Atreya Chakraborty. "Waves and persistence in merger and acquisition activity" Economics Letters Vol. 70 (2001) Available at: http://works.bepress.com/atreya_chakraborty/29/