Jarrad Harford, University of Washington - Seminar
Friday 16 March 2018, 3:30pm to 4:45pm
Venue
LT12, LUMS, LA1 4YXOpen to
Postgraduates, Public, StaffRegistration
Registration not required - just turn upEvent Details
Accounting and Finance Research Seminar by Professor Jarrad Harford, University of Washington
Cross-border merger activity is growing in importance. We map the global trade network eachyear from 1989 to 2016 and compare it to cross-border and domestic merger activity. Trade-weighted merger activity in trading partner countries has statistically and economically significant explanatory power for the likelihood a given country will be in a merger wave state, both at the cross-border and the domestic levels, even controlling for its own lagged merger activity. The strength of trade as a channel for transmitting merger waves varies over time and is affected by import tariffs cuts, Euro, EU, EEA, and WTO entry. Overall, the full trade network helps our understanding of merger waves and how merger waves propagate across borders.
Contact Details
Name | Julie Stott |
Telephone number |
+44 1524 593647 |