Some Empirical Evidence on the Relationship Between Acquisitions, Disposals and the Stock Market

Bogdan Cernat-Gruici ()
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Bogdan Cernat-Gruici: Bucharest Academy of Economic Studies, Romania

Romanian Economic Journal, 2009, vol. 12, issue 33, 3-22

Abstract: Based on empirical studies and theoretical evidence the paper investigates the relationship between inward and outward acquisitions and disposals in the UK and the UK stock market described by the FTSE all-share index. By using the Granger causality test for both the numbers and value of acquisitions and disposals the research results suggest that for the market and period considered, one way relationships are present.

Keywords: inward and outward acquisitions; disposals; granger causality; stock market index (search for similar items in EconPapers)
JEL-codes: G30 G34 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:12:y:2009:i:33:p:3-22

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