Mergers and corporate debt financing

Esaignani Selvarajah and Nancy Ursel

Economics Letters, 2012, vol. 114, issue 3, 296-298

Abstract: We investigate the effect of mergers on corporate debt financing using time series analysis. We find that corporate debt use increases during periods of very high merger activity but is not significantly affected by variations within the normal range of merger activity. Traditional trade-off and pecking order variables also significantly affect corporate financing choice.

Keywords: Merger; Mega-merger; Financing policy; Leverage; Capital structure (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:114:y:2012:i:3:p:296-298

DOI: 10.1016/j.econlet.2011.11.003

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