"Waves and persistence in merger and acquisition activity" by Atreya Chakraborty

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Waves and persistence in merger and acquisition activity

Economics Letters (2001)

Atreya Chakraborty, University of Massachusetts, Boston

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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

Corporate Finance and
Finance and Financial Management

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/