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Does ownership concentration improve M&A outcomes in emerging markets?: Evidence from India

โœ Scribed by Sumon Kumar Bhaumik; Ekta Selarka

Book ID
116624728
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
334 KB
Volume
18
Category
Article
ISSN
0929-1199

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## Abstract We examine the purchasing power parity (PPP) hypothesis using a unique panel of monthly data on black market exchange rates for 34 emerging market economies. We apply a large number of recent heterogeneous panel unit root and cointegration tests. Panel unit root tests reject mean revers