Kamolwan Pavavimol. Single currency and the liquidity in corporate assets market. Master's Degree(Finance). Chulalongkorn University. Office of Academic Resources. : Chulalongkorn University, 2020.
Single currency and the liquidity in corporate assets market
Abstract:
The single currency was adopted in 1999. It gave a huge impact on financial system. In this study, we focus on the single currency impacted to the liquidity in the corporate assets market, market whereby the mergers and acquisitions occurred. The studies found that the single currency had positive effect to the liquidity index in the corporate asset market measured by the intensity of the market transactions in each industry. This increasing in the liquidity mainly from the cross-border deals from the countries that stayed outside the eurozone. Moreover, we found that single currency had positive effect to acquirers to initiate more deals. The acquirer-initiated positive effects stayed with the mergers and acquisitions that happened in eurozone, no empirical evidence was found on the mergers and acquisitions that acquirer was from outside euro area.
Chulalongkorn University. Office of Academic Resources