Publicação
The macroeconomic determinants of M&A activity in the United Kingdom
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Rodrigues, Paulo Manuel Marques | |
| dc.contributor.author | Antunes, João Nuno Ferreira | |
| dc.date.accessioned | 2017-12-04T14:42:25Z | |
| dc.date.available | 2019-01-20T01:30:29Z | |
| dc.date.issued | 2017-01-20 | |
| dc.description | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics | en |
| dc.description.abstract | This research intends to study the multivariate relationship between the macroeconomic environment and M&A activity in the United Kingdom, to which it uses data comprising completed deals with an UK-based acquirer from January 1985 until December 2015. Employing time series econometrics, it concludes that: i) the macroeconomic determinants used as proxy for business cycles share a long-term pattern with deal activity; ii) short-term adjustment processes towards the long-run equilibrium arise following shocks in the variables used; iii) GDP seems to be the major driver of M&A in the short and long terms; and iv) in the long-run, the stock-market proves a less relevant factor impacting deal activity in the UK than in the United States. This study contributes to the existent literature by: i) extending the research to other geographies rather than the US; and ii) employing multivariate models to assess the bi-directional relationship between M&A activity and economic conditions. | pt_PT |
| dc.identifier.tid | 201714884 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/26135 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Mergers and acquisitions | pt_PT |
| dc.subject | Macroeconomic activity | pt_PT |
| dc.subject | United Kingdom | pt_PT |
| dc.title | The macroeconomic determinants of M&A activity in the United Kingdom | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | embargoedAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | Mestrado em Finanças | pt_PT |
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