182
Views
4
CrossRef citations to date
0
Altmetric
Articles

Lithium industry in the behavior of the mergers and acquisitions in the US oil and gas industry

ORCID Icon &

References

  • Aguiar-Conraria, L., and M. J. Soares. 2011a. Oil and the macroeconomy: using wavelets to analyze old issues. Empirical Economics 40 (3):645–55. doi:10.1007/s00181-010-0371-x.
  • Aguiar-Conraria, L., and M. J. Soares. 2011b. Business cycle synchronization and the Euro: a wavelet analysis. Journal of Macroeconomics 33 (3):477–89. doi:10.1016/j.jmacro.2011.02.005.
  • Aguiar-Conraria, L., and M. J. Soares. 2014. The continuous wavelet transform: moving beyond uni- and bivariate analysis. Journal of Economic Survey 28 (2):344–75. doi:10.1111/joes.12012.
  • Aguiar-Conraria, L., N. Azevedo, and M. J. Soares. 2008. Using wavelets to decompose the time-frequency effects of monetary policy. Physica A: Statistical Mechanics and Its Applications 387 (12):2863–78. doi:10.1016/j.physa.2008.01.063.
  • Andrade, G., M. L. Mitchell, and E. Stafford. 2001. New evidence and perspectives on mergers. Journal of Economic Perspectives 15 (2):103–20. doi:10.1257/jep.15.2.103.
  • Barkoulas, J. T., C. F. Baum, and A. Chakraborty. 2001. Waves and persistence in merger and acquisition activity. Economics Letters 70 (2):237–43. doi:10.1016/S0165-1765(00)00374-8.
  • Berkowitz, J., and L. Kilian. 2000. Recent developments in bootstrapping time series. Econometric Reviews 19:1–48. doi:10.1080/07474930008800457.
  • Brealey, R. A., and A. J. Marcus. 1995. In Fundamentals of Corporate finance. International Ed., eds. Myers, S. C. and A. J. Marcus. New York: McGraw-Hill.
  • Bruner, R. F. 2004. Applied Mergers and Acquisitions, Vol. 173. New York: John Wiley & Sons.
  • Cherif, R., and F. Hasanov. 2017. Riding the energy transition: oil beyond 2040. IMF Working Paper. 10.5089/9781484301128.001
  • Chowdhury, A. R. 1993. Univariate time-series behaviour of merger activity and its various components in the United States. Applied Financial Economics 3 (1):61–66. doi:10.1080/758527818.
  • Clark, J., A. Chakrabarti, and T. Chiang. 1988. Trend and stochastic movements in U.S. merger activity. Quarterly Review of Economics and Business 28 (2):5–18.
  • Coase, R. 2009. The nature of the firm. In The Economic Nature of the firm: A Reader, eds. Kroszner, R. S. and L. Putterman III, 79–95. Cambridge: Cambridge University Press.
  • Daubechies, I. 1992. Ten lectures on wavelets. Society for Industrial and Applied Mathematics, Philadelphia.
  • Dhamala, M., G. Rangarajan, and M. Ding. 2008. Estimating Granger causality from Fourier and Wavelet transforms of time series data. Physical Review Letters 100:1–4. doi:10.1103/PhysRevLett.100.018701.
  • Dickey, D. A., and W. A. Fuller. 1979. Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association 74(366a):427–431.
  • Energy Outlook, B. P., 2017. <https://www.bp.com/content/dam/bp/pdf/energy-economics/energyoutlook2017/bp-energy-outlook-2017.pdf>.
  • Ge, Z. 2007. Significance test for the wavelet power and the wavelet power spectrum. Annals of Geophysics 25:2259–69. doi:10.5194/angeo-25-2259-2007.
  • Ge, Z. 2008. Significance tests for the wavelet cross spectrum power and wavelet linear coherence. Annales Geophysicae 26:3819–29. doi:10.5194/angeo-26-3819-2008.
  • Gençay, R., F. Selçuk, and B. Whitcher. 2002. An Introduction to Wavelets and Other filtering Methods in finance and Economics. San Diego, CA: Academic Press.
  • Germeraad, P., R. Khan, and D. Ravindranath. 2017. Shifts in Big Oil Patent Landscape: Capturing Value from Intellectual Property for National Transformation. SSRN.
  • Golbe, D. L., and L. J. White. 1988. A time-series analysis of mergers and acquisitions in the US economy. In Corporate Takeovers: Causes and Consequences, 265–310. Chicago: University of Chicago Press.
  • Golbe, D. L., and L. J. White. 1993. Catch a wave: the time series behavior of mergers. The Review of Economics and Statistics 75 (3):493–99. doi:10.2307/2109463.
  • Gort, M. 1969. An economic disturbance theory of mergers. The Quarterly Journal of Economics 83 (4):624–42. doi:10.2307/1885453.
  • Gregoriou, G. N., and L. Rennebook. 2007. International Mergers and Acquisitions Activity since 1990: Recent Research and Quantitative Analysis. North Holland: Elsevier.
  • Harford, J. 2005. What drives merger waves?. Journal of Financial Economics 77 (3):529–60. doi:10.1016/j.jfineco.2004.05.004.
  • Holmstrom, B., and S. N. Kaplan. 2001. Corporate governance and merger activity in the U.S.: making ense of the 1980s and 1990s. National Bureau of Economic Research Working Paper n.8220.
  • Hsu, K. C., M. Wright, and Z. Zhu. 2017. What motivates merger and acquisition activities in the upstream oil and gas sector in the. U.S.?. Energy Economics 65:C: 240–250. doi:10.1016/j.eneco.2017.04.028.
  • Hubbert, M. K. 1956. Nuclear energy and the fossil fuel. New York: American Petroleum Institute, Drilling and Production Practice.
  • Jaskula, B.W. 2017. Mineral commodity summaries – Lithium 2017. Reston, VA: U.S. Geological Survey.
  • Kwiatkowski, D., P. C. Phillips, P. Schmidt, and Y. Shin. 1992. Testing the Null Hypothesis of Stationarity against the Alternative of a Unit Root.’ Journal of Econometrics 54:159–178.
  • Lachowitz, P. 2009. Wavelet analysis: a new significance test for signals dominated by intrinsic red-noise variability. arXiv Preprint arXiv 0906.4176.
  • Maraun, D., J. Kurths, and M. Holschneider. 2007. Nonstationary Gaussian process in wavelet domain. Synthesis, estimation, and significance testing. Physical Review E 75:016707. doi:10.1103/PhysRevE.75.016707.
  • Maxwell, P. 2014. Analysing the lithium industry: demand, supply, and emerging developments. Mineral Economics 26:97–106. doi:10.1007/s13563-013-0041-5.
  • Mitchell, M. L., and J. H. Mulherin. 1996. The impact of industry shocks on takeover and restructuring activity. Journal of Financial Economics 41 (2):193–229. doi:10.1016/0304-405X(95)00860-H.
  • Monge, M. 2018. Lithium industry and WTI prices behaviour. Working Paper.
  • Monge, M., and L. A. Gil-Alana. 2016. Fractional integration and cointegration in merger and acquisitions in the US petroleum industry. Applied Economics Letters 23 (10):701–04. doi:10.1080/13504851.2015.1100245.
  • Monge, M., L. A. Gil-Alana, F. Pérez de Gracia, and I. R. Carreño. 2017. Are mergers and acquisitions in the petroleum industry affected by oil prices?. Energy Sources, Part B: Economics, Planning, and Policy 12 (5):420–27. doi:10.1080/15567249.2016.1163436.
  • Nelson, R. L. 1959. Merger Movements in American Industry, 1895-1956. Princeton: Princeton University Press.
  • Ng, E. K. W., and J. K. L. Chan. 2012. Geophysical applications of partial wavelet coherence and multiple wavelet coherence. J. Atmos. Ocean. Technol. 29:1845–53. doi:10.1175/JTECH-D-12-00056.1.
  • Olayeni, O. R. 2016. Causality in continuous wavelet transform without spectral matrix factorization: theory and application. Computational Economics 47:321–40. doi:10.1007/s10614-015-9489-4.
  • Percival, D. B., and A. T. Walden. 2000. Wavelet Methods for Time Series Analysis. Cambridge: Cambridge University Press.
  • Phillips, P. C., and P. Perron. 1988. Testing for a unit root in time series regression. Biometrika 75 (2):335–346.
  • Ramsey, J. B. 2002. Wavelets in economics and finance: past and future. Studies in Nonlinear Dynamics and Econometrics 6:3.
  • Ravenscraft, D. J. 1987. The 1980s merger wave: an industrial organization perspective. The Merger Boom 31:17–51.
  • Resende, M. 1999. Wave behaviour of mergers and acquisitions in the UK: a sectoral study. Oxford Bulletin of Economics and Statistics 61 (1):85–94. doi:10.1111/obes.1999.61.issue-1.
  • Schreiber, T., and A. Schmitz. 1996. Improved surrogate data for nonlinearity tests. Physical Review Letters 77 (4):635–38. doi:10.1103/PhysRevLett.77.635.
  • Schurr, S. H., and B. C. Netschert. 1960. Energy in the American Economy, 1850-1975, Vol. 960. Baltimore: Johns Hopkins.
  • Shleifer, A., and R. Vishny. 1990. Equilibrium short horizons of investors and firms. American Economic Review 80 (2):148–53.
  • Sims, C. 1980. Macroeconomics and reality. Econometrica 48 (1):1–48. doi:10.2307/1912017.
  • Tiwari, A. K., C. T. Albulescu, and R. Gupta. 2016. Time-frequency relationship between U.S. output with commodity and asset prices. Applied Economics 48:227–42. doi:10.1080/00036846.2015.1076154.
  • Torrence, C., and G. Compo. 1998. A practical guide to wavelet analysis. Bulletin of the American Meteorological Society 79:61–78. doi:10.1175/1520-0477(1998)079<0061:APGTWA>2.0.CO;2.
  • Town, R. J. 1992. Merger waves and the structure of merger and acquisition time-series. Journal of Applied Econometrics 7 (1):83–100. doi:10.1002/jae.3950070507.
  • United States Geological Survey, various years a, Minerals Yearbook, Lithium chapter, Washingtonwww.usgs.gov).
  • United States Geological Survey, various years b, Mineral Commodity Summaries, Lithium section, Washington www.usgs.gov).
  • Vacha, L., and J. Barunik. 2012. Co-movement of energy commodities revisited: evidence from wavelet coherence analysis. Energy Economics 34:241–47. doi:10.1016/j.eneco.2011.10.007.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.