Mergers and Acquisitions in the Lithium Industry. A Fractional Integration Analysis

Manuel Monge, Luis Gil-Alana and Enrique Cristobal ()
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Enrique Cristobal: Francisco de Vitoria University (UFV)

Review of Development Finance Journal, 2020, vol. 10, issue 2, 31-37

Abstract: Lithium has a strategic role as a natural resource as more and more clean technologies emerge. This paper aims to analyze the time-series properties of the mergers and acquisitions (M&A) activity in the behavior of the lithium sector, applying statistical methods based on long memory and fractional integration models. Our results indicate that the series has a long memory and fractionally integrated behavior with an order of integration strictly smaller than 1, thus we can conclude that the impacts will be transient and are expected to disappear on their own in the long term.

Keywords: Lithium industry; mergers and acquisitions; fractional integration; long memory (search for similar items in EconPapers)
JEL-codes: C22 E30 G30 Q42 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ3:v:10:y:2020:i:2:p:31-37

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