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A logit analysis of the determining factors of mergers and acquisitions in the Swedish pulp and paper industry
2000 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The purpose of this thesis is to determine the underlying factors of mergers and acquisitions (M&A). The studied period considers the Swedish pulp and paper industry between 1980 and 1995. A logit model has been used to analyse which factors that tend to affect the probability of becoming a merger candidate. The model includes the following variables: profit margin, payout ratio, asset turnover, times earned interest, leverage ratio, current ratio, investment ratio, solvency and efficiency. The result shows that the profit margin, the efficiency ratio and the solvency ratio tend to be the most influenced variables on the probability of being involved in M&A activity in the pulp and paper industry. However, the time earned interest-, leverage-, payout-, invest-, current- and turnover ratio tend to have a small impact on whether a firm should be involved in M&A activity or not.

Place, publisher, year, edition, pages
Keyword [en]
Social Behaviour Law, mergers, acquisitions, pulp and paper industry, logit model, business ratios, nationalekonomi
Keyword [sv]
Samhälls-, beteendevetenskap, juridik
URN: urn:nbn:se:ltu:diva-55468ISRN: LTU-SHU-EX--00/040--SELocal ID: c525fe93-fab5-4fcc-933d-4a4a53ac30f1OAI: diva2:1028851
Subject / course
Student thesis, at least 15 credits
Educational program
Economics, master's level
Validerat; 20101217 (root)Available from: 2016-10-04 Created: 2016-10-04Bibliographically approved

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