Policy Uncertainty and Mergers and Acquisitions

By N. Nguyen, Hieu V. Phan. Journal of Financial and Quantitative Analysis, 2017

461 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/10ff6b31dae6ba0529da3488323082007f35a0b1

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Citations in the corpus

The pandemic and economic policy uncertainty (2020, background): “Mergers and acquisitions are also negatively affected during times of high uncertainty, with two primary changes that emerge: the quantity of such transactions decrease, while the amount of time required to complete these processes increases (Bonaime, Gulen, & Ion, 2018; Nguyen & Phan, 2017).”
The influence of economic policy uncertainty on corporate trade credit and firm value (2020, background): “Several recent empirical studies use the EPU index to examine the relations between government economic policy uncertainty and corporate behavior (e.g., Gulen and Ion, 2016; Nguyen and Phan, 2017; Bonaime, Gulen, and Ion, 2017).”
Failure and success in mergers and acquisitions (2019, background): “Nguyen and Phan (2017) and Bonaime, Gulen, and Ion (2018) both use an index measuring political, tax code, and fiscal policy uncertainty to show that such regulatory uncertainty reduces firms’ acquisitiveness, although the effects on deal performance are less unambiguous.”
Policy uncertainty, investment, and the cost of capital (2018, unknown): “2 Complementing this aggregate-level evidence, several studies find that uncertainty impacts firm-level outcomes such as capital expenditures (Pindyck, 1993; Dixit and Pindyck, 1994; Bloom, 2009; Julio and Yook, 2012; Gulen and Ion, 2016), R&D expenditures and hiring (Stein and Stone, 2014), mergers”
Economic Policy Uncertainty And Corporate Cash Holdings (2017, unknown): “Indeed, Bonaime et al. (2017) and Nguyen and Phan (2017) show that M&A activities are attenuated by increased policy uncertainty.”
Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition (2020, methodology): “For the purpose of our paper, following Nguyen and Phan (2017), we use the natural logarithm of the weighted average of the last 3 months EPU index values which can be expressed as, EPUyeart =3EPUyeart,month12 + 2EPUyeart,month11 + EPUyeart,month10 ð1Þ In the robustness analysis, we check the…”
Policy uncertainty and loan loss provisions in the banking industry (2020, unknown): “Many recent studies have used this index to examine the economic consequences of PU (e.g., Bhagat and Obreja, 2013; Brogaard and Detzel, 2015; Gulen and Ion, 2016; Kim and Kung, 2017; Nguyen and Phan, 2017).”