The Russian Market for Mergers and Acquisitions: Stages, Peculiarities and Outlooks

Alexander Radygin

Working Papers from Gaidar Institute for Economic Policy

Abstract: In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size distortions in comparison with other tests, thus receiving higher power.

Keywords: Mergers; acquisitions; Russian economy; corporate law; corporate governance (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2012, Revised 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.iep.ru/files/RePEc/gai/wpaper/0045Radygin.pdf Revised version, 2012 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:0045

Access Statistics for this paper

More papers in Working Papers from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Aleksei Astakhov ().