پیوندهای مفید
آمار
| تعداد نشریات | 21 |
| تعداد شماره‌ها | 628 |
| تعداد مقالات | 9,179 |
| تعداد مشاهده مقاله | 67,526,916 |
| تعداد دریافت فایل اصل مقاله | 8,061,609 |
Applying Jaya technique in examining the effective factors in the process of Mergers and acquisitions | ||
| International Journal of Nonlinear Analysis and Applications | ||
| مقاله 225، دوره 13، شماره 1، خرداد 2022، صفحه 2739-2754 اصل مقاله (545.4 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22075/ijnaa.2022.5998 | ||
| نویسندگان | ||
| Mohammad Reza Eghbal1؛ Seyed Ali Nabavi Chashmi* 1؛ Naser Yadollahzadeh Tabari2 | ||
| 1Department of Management, Babol Branch, Islamic Azad University, Babol, Iran | ||
| 2Department of Economy, Babol Branch, Islamic Azad University, Babol, Iran | ||
| تاریخ دریافت: 18 شهریور 1400، تاریخ بازنگری: 11 مهر 1400، تاریخ پذیرش: 27 آبان 1400 | ||
| چکیده | ||
| The purpose of this article is to investigate and determine the factors affecting integration and acquisition activities in Iran. For this purpose, two hypotheses were determined and the annual data of 30 companies of the Tehran Stock Exchange in the period 2008-2020 were used to test the hypotheses. To test the hypotheses, the neural network method optimized with the Jaya optimization method was used to examine the effect of the studied variables including firm size and growth ability, risk growth, asset return, equity return, and financial leverage. Analysis using neural networks is used to isolate and clarify the effects of each of the studied variables. The analysis of the neural network showed that the three variables, exchange rate, interest rate, and stock price are very important in the process of changes in merger and acquisition activities in the country. Exchange rate fluctuations in particular have a very elastic effect on mergers and acquisitions, indicating that price effects are important in determining the flow of domestic and foreign investment. The stock market index had a positive effect on domestic mergers and acquisitions. Interest rates had a negative effect on mergers and acquisitions. | ||
| کلیدواژه‌ها | ||
| Tehran Stock Exchange؛ Mergers؛ acquisitions | ||
| مراجع | ||
|
[1] E. Daneshara, M. Issaei Tafreshi and M.J. P. L. Shahbazinia, Legal analysis of the interaction between competition law and policies of maintaining stability in the banking system with emphasis on banks’ merger (comparative study of US and Iranian law), Private Low 17(1) (2020) 255–278. [2] M. Palouj, M. Joodi Damirchi, Identifying the most appropriate mergers and acquisitions (M& A) strategy for collaboration of agricultural cooperatives, Co-Oper. Agricl. 9(33) (2020) 155–185. [3] J.Y. Yang, R. Segara, and J. Feng, Stock price movements and trading behaviors around merger and acquisition announcements: Evidence from the Korean stock market, Int. J. Manag. Finance 15(4)(2019) 593–610. [4] Y. Dian Pramsti, A Financial Performance Valuation Analysis Through Economic Value Added on Merger & Acquisition Approach Between State-Owned Banks (Case Study of PT Bank Negara Indonesia (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, and PT Bank Tabungan Negara (Persero), BINUS University, 2007. [5] A.J. Auerbach and D. Reishus, 4. The Impact of Taxation on Mergers and Acquisitions, Mergers and Acquisitions, edited by Alan J. Auerbach, Chicago: University of Chicago Press, 2008, pp. 69-86. [6] Z. Rahman, A. Ali and K. Jebran, The effects of mergers and acquisitions on stock price behavior in banking sector of Pakistan, J. Finance Data Sci. 4(1) (2018) 44–54. [7] P. Hughes, M. Hughes, P. Stokes, H. Lee, P. Rodgers and W.Y. Degbey, Micro-foundations of organizational ambidexterity in the context of cross-border mergers and acquisitions, Technol. Forecast. Social Change 153 (2020) 119932. [8] H. Liu and Y. Hu, An application of Hopfield neural network in target selection of mergers and acquisitions, IEEE Int. Conf. Business Intel. Financ. Engin. 2009, pp. 34-37. [9] M. Zarei, A. Alambeigi, P. Karimi and B. Zarei, What drives mergers and acquisitions waves in developing countries? Evidences from Iranian banking industry, Iran. Economic Rev. 19(2) (2015) 123–137. [10] F. Maleki Amiri, A. Nabavi Chashmi and E. Memarian, Explaining the role of financing sources of mergers and acquisitions on the performance of companies based on hierarchical theory, Financ. Knowledge Securit. Anal. 14(50) (2021) 29–44. [11] P. Junni and S. Teerikangas, Mergers and Acquisitions, Oxford Research Encyclopedia of Business and Management, 2019. [12] L. Kirsch and J. Schmidhuber, Meta-learning backpropagation and improving it, NeurIPS Workshop on Meta-Learning, 2020. [13] R. Rao, A simple and new optimization algorithm for solving constrained and unconstrained optimization problems, Int. J. Indust. Engin. Comput. 7(1) (2016) 19–34. | ||
|
آمار تعداد مشاهده مقاله: 15,770 تعداد دریافت فایل اصل مقاله: 426 |
||