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https://ah.lib.nccu.edu.tw/handle/140.119/73943
題名: | Common wave behavior for mergers and acquisitions in OECD countries? a unique analysis using new Markov switching panel model approach | 作者: | Shen, Chung-Hua;Hsieh, Meng-Fen;Lee, Chien-Chiang 沈中華 |
貢獻者: | 金融系 | 關鍵詞: | Markov Switching; Markov Switching Model; Merger and Acquisition; Oecd Countries; Panel Data; Panel Model | 日期: | 2008 | 上傳時間: | 23-Mar-2015 | 摘要: | This paper investigates whether or not there is co-waved merger and acquisition (M&A) activity in 26 OECD countries. We apply the Markov Switching model to panel data (MSP hereafter), an approach which has not previously been attempted. Two distinct regimes are recognized in emerge from M&A data: the wave merger regime and normal merger regime. Our MSP captures the co-wave pattern of the sample countries and has a much better fit than either the univariate Markov Switching model or the conventional linear panel model. | 關聯: | Economics Bulletin, 7(8), 1-12 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
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