The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK
Employing a dynamic Cobb-Douglas total factor productivity function, this study examines the total factor productivity effects of related and unrelated mergers and acquisitions in the United Kingdom for the period 1981-1996. The results indicate that both related and unrelated mergers and acquisitio...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2008
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| Online Access: | https://eprints.nottingham.ac.uk/22356/ |
| _version_ | 1848792394711957504 |
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| author | Li, Rong |
| author_facet | Li, Rong |
| author_sort | Li, Rong |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Employing a dynamic Cobb-Douglas total factor productivity function, this study examines the total factor productivity effects of related and unrelated mergers and acquisitions in the United Kingdom for the period 1981-1996. The results indicate that both related and unrelated mergers and acquisitions have a positive impact on the total factor productivity. This study also finds that related mergers tend to perform stronger positive impact on the productivity than unrelated mergers. By controlling size, industry, the length of post merger period or merger waves factors, the evidence show that (1) small firms attain stronger positive productivity impact from M&A than larger firms; (2) the impact on productivity varies across industries, especially unrelated mergers appear better performance in most industries; (3) M&A tend to generate larger long-term effects on total factor productivity than short-run; and (4) firms experienced M&A in 1990s gain stronger productivity impact. |
| first_indexed | 2025-11-14T18:43:43Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-22356 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:43:43Z |
| publishDate | 2008 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-223562018-02-15T18:18:10Z https://eprints.nottingham.ac.uk/22356/ The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK Li, Rong Employing a dynamic Cobb-Douglas total factor productivity function, this study examines the total factor productivity effects of related and unrelated mergers and acquisitions in the United Kingdom for the period 1981-1996. The results indicate that both related and unrelated mergers and acquisitions have a positive impact on the total factor productivity. This study also finds that related mergers tend to perform stronger positive impact on the productivity than unrelated mergers. By controlling size, industry, the length of post merger period or merger waves factors, the evidence show that (1) small firms attain stronger positive productivity impact from M&A than larger firms; (2) the impact on productivity varies across industries, especially unrelated mergers appear better performance in most industries; (3) M&A tend to generate larger long-term effects on total factor productivity than short-run; and (4) firms experienced M&A in 1990s gain stronger productivity impact. 2008 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22356/1/08MAlixrl6.pdf Li, Rong (2008) The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK. [Dissertation (University of Nottingham only)] (Unpublished) Related Mergers Unrelated Mergers Total factor productivity (TFP) |
| spellingShingle | Related Mergers Unrelated Mergers Total factor productivity (TFP) Li, Rong The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title | The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title_full | The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title_fullStr | The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title_full_unstemmed | The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title_short | The Total Factor Productivity effect of related and unrelated mergers and acquisitions in the UK |
| title_sort | total factor productivity effect of related and unrelated mergers and acquisitions in the uk |
| topic | Related Mergers Unrelated Mergers Total factor productivity (TFP) |
| url | https://eprints.nottingham.ac.uk/22356/ |