Template-Type: ReDIF-Paper 1.0
Author-Name: Alexander Radygin
Author-Name-First: Alexander  
Author-Name-Last:  Radygin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:The Russian Market for Mergers and Acquisitions: Stages, Peculiarities and Outlooks
Abstract: In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size distortions in comparison with other tests, thus receiving higher power.
Length:33 pages
Creation-Date: 2012
Revision-Date:   2012
Classification-JEL: G34
Keywords:Mergers, acquisitions, Russian economy, corporate law, corporate governance
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0045Radygin.pdf
File-Format: Application/pdf
File-Function: Revised version, 2012
Handle: RePEc:gai:wpaper:0045