A Practical Study on the Interaction of Cross Border M&A and the Foreign Exchange Markets
Cross border Merger and acquisitions activities have been increasing considerably over the past several years. Most of the activity was concentrated on M&As between corporates in the US and the Eurozone.In this paper, the considerations underlying multinational companies decisions regarding the financing of take-overs and the payment techniques to be used are discussed in order to gain insight into which part of the total M&A transaction actually leads to a foreign exchange transaction.Subsequently, the various ways of conducting ForEx transactions, the effect of M&A transactions to have on ExR are discussed too. Finally, whether different techniques make for different effects is examined.
Cross border M&A exchange rate Foreign exchange market exchange rate risk
TAN Jie ZHAO Yang
Center of Infrastructure Research,Beijing Jiao tong University,Beijing 10044,P.R.China
国际会议
The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)
杭州
英文
644-649
2008-05-18(万方平台首次上网日期,不代表论文的发表时间)