Journal article
Stock Prices and Merger Movements: Interactive Relations
Weltwirtschaftliches Archiv, v 124(2)
01 Jan 1988
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper examines the relationship between merger movements and macroeconomic variables. By conducting causality tests of U.S. data for the period 1919-79, the evidence shows that the merger activity and stock prices are interacting in the contemporaneous period and display no lead and lag relationship. The time series analysis indicates that the merger series follows an AR (2) process, rejecting the random walk hypothesis.
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Details
- Title
- Stock Prices and Merger Movements: Interactive Relations
- Creators
- John ClarkAlok ChakrabartiThomas Chiang
- Publication Details
- Weltwirtschaftliches Archiv, v 124(2)
- Publisher
- Springer Nature
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- [Retired Faculty]
- Web of Science ID
- WOS:A1988P194300006
- Scopus ID
- 2-s2.0-51249178563
- Other Identifier
- 991019184293804721
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InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Web of Science research areas
- Economics
- International Relations