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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/73943

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/73943

Title:	Common wave behavior for mergers and acquisitions in OECD countries? a unique analysis using new Markov switching panel model approach
Authors:	Shen, Chung-Hua;Hsieh, Meng-Fen;Lee, Chien-Chiang 沈中華
Contributors:	金融系
Keywords:	Markov Switching;Markov Switching Model;Merger and Acquisition;Oecd Countries;Panel Data;Panel Model
Date:	2008
Issue Date:	2015-03-23 18:06:35 (UTC+8)
Abstract:	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.
Relation:	Economics Bulletin, 7(8), 1-12
Data Type:	article
Appears in Collections:	[金融學系] 期刊論文

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