期刊刊名：全球商業經營管理學報 　 卷期：3期

篇名出版日期：2011年9月1日

作者：Shun Jen Hsueh, Yao Chun Tsao

語言：English

關鍵字：Rank Test for Nonlinear Cointegration, M&A, Developed Countries,非線性共積等級檢定,併購,已開發國家

被點閱次數：3次

閱讀時間：16sec

摘要：
This study applies a more powerful rank test for nonlinear cointegration, proposed by Brietung (2001) to test the long-run cointegration relationships between the M&A variables (the numbers and values of M&A transactions) and stock indices for a sample of 10 developed countries over January 1980 to September 2010. The empirical results indicate that the cointegration relationships hold true for all the 10 developed countries studied. Our results have important policy implications for these countries studied.

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