EMPIRICAL EVIDENCE ON THE RELATIONSHIP BETWEEN MERGERS & ACQUISITIONS AND THE ROMANIAN STOCK MARKET

Cernat-Gruici Bogdan (), Laura-Gabriela Constantin () and Irina-Eugenia Iamandi
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Cernat-Gruici Bogdan: Academia de Studii Economice Bucuresti,Relatii Economice Internationale

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 700-704

Abstract: Based on empirical studies and theoretical evidence, the paper investigates the relationship between mergers and acquisitions in Romania and Romanian stock market, described by the BET and BET-C indexes. By using the Granger causality test for the number of mergers and acquisitions, the research results suggest that, for the market and period considered, one way and both ways relationships are present.

Keywords: Mergers; Acquisitions; Granger Causality; Stock Market Index (search for similar items in EconPapers)
JEL-codes: G30 G34 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:700-704

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