Logotipo del repositorio
  • English
  • Español
  • Français
  • Português
  • Iniciar sesión
    ¿Has olvidado tu contraseña?
Logotipo del repositorio
  • Comunidades
  • Listar por
  • English
  • Español
  • Français
  • Português
  • Iniciar sesión
    ¿Has olvidado tu contraseña?
  1. Inicio
  2. Examinar por materia

Examinando por Materia "Latin American Economics"

Mostrando 1 - 1 de 1
Resultados por página
Opciones de ordenación
  • No hay miniatura disponible
    Ítem
    Waves and determinants in the activity of Mergers and Acquisitions: The Case of Latin America
    (Universidad EAFIT, 2012-12-15) Cortés, Lina M.; Agudelo, Diego A.; Mongrut, Samuel
    This paper contributes to the current literature of mergers and acquisitions (M&As) by studying the existence of waves and the determinants of M&A activity in the economies of Argentina, Brazil, Chile, Colombia, Mexico and Peru. From a sample of 2,490 M&As announcements reported by Thomson One for these countries, and applying the methodology proposed by Harford (2005), evidence of M&A waves is found for the periods 1993-2002 and 2003-2010 as reported for other regions in various international studies. After controlling for economic and business environment variables, as well as for profitability and book-to-market variables at industry level, we find evidence in favor of the neoclassical theory as a main explanation for M&As, but not for the misvaluation effect. For this purpose, a Prais-Winsten data model with panel corrected standard errors (PCSE) is used, and the results are confirmed through a negative binomial panel data estimation.

Vigilada Mineducación

Universidad con Acreditación Institucional hasta 2026 - Resolución MEN 2158 de 2018

Software DSpace copyright © 2002-2025 LYRASIS

  • Configuración de cookies
  • Enviar Sugerencias