MERGERS AND ACQUISITIONS IN THE UK - A DISAGGREGATED ANALYSIS

Authors
RESENDE M
Citation
M. Resende, MERGERS AND ACQUISITIONS IN THE UK - A DISAGGREGATED ANALYSIS, Applied economics letters, 3(10), 1996, pp. 637-640
Citations number
17
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
3
Issue
10
Year of publication
1996
Pages
637 - 640
Database
ISI
SICI code
1350-4851(1996)3:10<637:MAAITU>2.0.ZU;2-L
Abstract
The time series properties of mergers and acquisitions are investigate d in the UK at sectoral level for the period 1971:1-1989:4. Two main s ets of results emerge: (1) 1971:1-1989:4 the degree of persistence to shocks is uniformly low across sectors; (2) shocks are predominately a ggregate. These two sets of results indicate that further analysis rel ying on aggregate data and short-term explanatory factors may be relev ant.