日本経営学会の全国大会報告の学術的成果を網羅

自由論題

論文名:(17)Do Exchange Rate Fluctuations Ignite M&A Deals ? : Statistical Approach to Understand Organizational Transformation

著者名:松縄恵理子  

管理番号:JBM_RP83-E86-2012_F_18

大会第86回年次大会
期間2012年9月6日~9月9日
開催校日本大学商学部砧キャンパス
ダウンロードする

キーワード

Organizational Transformation (組織変革)/M&A,Statistics (統計)/Foreign Exchange Rate (為替)/Punctuated Equilibrium Model (断続的均衡モデル)

概要説明

【松縄恵理子】
In this article, I carried out an empirical investigation of whether exchange rate fluctuations affect M&A frequency. Using data from the last 10 years, I found that, while exchange rate fluctuations had not always been a key factor of M&A deals, they seem to have had a fairly remarkable influence on M&A frequencies especially in the case of “Out-In” deals by U.S. firms or in several particular industries. Based on empirical and theoretical foundations, I propose a shifted inverse Gaussian distribution as a model to explain the histogram distribution of M&A frequency and exchange rates.

ページの先頭へ戻る

  • 日本経営学会
  • 經營學論集全論文掲載版
  • English Review of JABA Award
  • 日本経営学会90周年記念(周年記念講演)集成
  • IFSAM
  • ABM誌
  • 日本学術会議

Copyright© 日本経営学会 2012 All rights reserved.