Development Trends at Markets with Mergers and Acquisitions in 2001–2010

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Year of publication 2011
Type Article in Proceedings
Conference Recent Researches in Economics - Proceedings of the 2nd International Conference on Finance and Accounting (ICFA’11)
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords company transformations; mergers and acquisitions; macroeconomic environment; regression and correlation analysis;
Description Trading at markets with mergers and acquisitions does not develop evenly – the volumes and numbers of trades change in particular periods; this phenomenon is referred to as M&A waves. Studies dealing with these waves endeavour to find some connections with the behaviour of markets with products, goods, services and capital. In order to find out how M&A market responds to the development of the economic environment, we measured the dependence between changes in activities in M&A market and the gross domestic product in the USA and the Czech Republic. The results of the analysis proved the same behaviour of M&A markets in the USA and the Czech Republic. In both countries, the correlation between the development of the economic environment and activity in the field of M&A was very low. In agreement with expectations, the positive correlation between the two forms of company combination (mergers and acquisitions) and mergers (without acquisitions) has not been confirmed, which is mainly caused by the different character of the data entering the analysis.
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