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Mergers and Acquisitions in the Lithium Industry. A Fractional Integration Analysis

Author

Listed:
  • Manuel Monge
  • Luis A. Gil-Alana
  • Enrique Cristobal

    (Francisco de Vitoria University (UFV))

Abstract

Lithium has a strategic role as a natural resource as more and more clean technologies emerge. This paper aims to analyze the time-series properties of the mergers and acquisitions (M&A) activity in the behavior of the lithium sector, applying statistical methods based on long memory and fractional integration models. Our results indicate that the series has a long memory and fractionally integrated behavior with an order of integration strictly smaller than 1, thus we can conclude that the impacts will be transient and are expected to disappear on their own in the long term.

Suggested Citation

  • Manuel Monge & Luis A. Gil-Alana & Enrique Cristobal, 2020. "Mergers and Acquisitions in the Lithium Industry. A Fractional Integration Analysis," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 10(2), pages 31-37.
    • Handle: RePEc:afj:journ3:v:10:y:2020:i:2:p:31-37
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    File URL: https://journals.co.za/doi/10.10520/ejc-rdfin-v10-n2-a3
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    More about this item

    Keywords

    Lithium industry; mergers and acquisitions; fractional integration; long memory;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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