M&A activity during the COVID-19 pandemic

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buir.contributor.authorTanyeri-Günsür, Başak
buir.contributor.orcidTanyeri-Günsür, Başak|0000-0002-9354-2639
dc.contributor.authorAnçel İlaslan, Z.
dc.contributor.authorTanyeri-Günsür, Başak
dc.date.accessioned2024-03-15T13:55:51Z
dc.date.available2024-03-15T13:55:51Z
dc.date.issued2023-05-24
dc.departmentDepartment of Management
dc.description.abstractWe investigate whether the COVID-19 pandemic initiated merger waves at the aggregate and industry levels. The COVID-19 pandemic coincides with economic shocks, wide adoption of new technologies, and volatility in stock and energy markets, all potential triggers of restructuring activity. Our sample covers 104,464 acquisition deals of US targets from 2012 to 2022. We identify 37 industry-level merger waves. Twenty-three merger waves start during the COVID-19 pandemic. Eighty percent of the deals during the pandemic were part of an industry merger wave. This concentration of industry waves drove an aggregate merger wave starting on April 2020.
dc.description.provenanceMade available in DSpace on 2024-03-15T13:55:51Z (GMT). No. of bitstreams: 1 M&A_activity_during_the_COVID-19_pandemic.pdf: 1135478 bytes, checksum: 20d22a9423c8183862dd899459973f70 (MD5) Previous issue date: 2023-05-24en
dc.embargo.release2024-11-05
dc.identifier.doi10.1080/13504851.2023.2216434
dc.identifier.eissn1466-4291
dc.identifier.issn1350-4851
dc.identifier.urihttps://hdl.handle.net/11693/114822
dc.language.isoen_US
dc.publisherTaylor&Francis
dc.relation.isversionofhttps://doi.org/10.1080/13504851.2023.2216434
dc.rightsCC BY-NC-ND 4.0 Deed (Attribution-NonCommercial-NoDerivs 4.0 International)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source.titleApplied Economics Letters
dc.subjectAcquisitions
dc.subjectCovid-19
dc.subjectMerger waves
dc.subjectMergers
dc.subjectPandemic
dc.titleM&A activity during the COVID-19 pandemic
dc.typeArticle

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