Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85053
Authors: 
Szücs, Florian
Year of Publication: 
2013
Series/Report no.: 
DIW Discussion Papers 1322
Abstract: 
We study the degree of agglomeration of acquisition activity within clusters of temporal, geographic and industrial proximity based on almost 600,000 individual transactions. The findings indicate that significant clustering occurs in time and across industries, while the results on geographic clustering are mixed. This supports the view that merger waves are mostly driven by neoclassical motives.
Subjects: 
merger wave
clustering
acquisitions
neoclassical
behavioral
JEL: 
L2
G3
Document Type: 
Working Paper

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