Font Size: a A A

A Research On The Correlation And Forecast Of M&A Trend And Stock Market Of China

Posted on:2015-02-15Degree:MasterType:Thesis
Country:ChinaCandidate:H ZhongFull Text:PDF
GTID:2269330431450040Subject:Finance
Abstract/Summary:PDF Full Text Request
Since the1990s China began to gradually rise market investment banking mergers and acquisitions business has gradually become an important part of China investment banking market. In recent years. Corporate mergers and restructuring business is foreign investment bank’s core business, its revenue in foreign investment banks accounted for nearly half of the country. China’s current rough estimate of mergers and acquisitions business in the whole investment banking revenues accounted for a new level, in the long run, as China’s economic and industrial restructuring, mergers and acquisitions business performance will be gradually developed into the fast lane. Government agencies to fluctuations in the business cycle of M&A market fluctuations and acquisitions market business with China’s stock market correlation as beacon China’s macro economic development, understanding of various types of Industrial agencies, development trends and the health of financial institutions, has great significance.On the basis of combined research and theoretical framework, this paper proposes a method based on correlation analysis theory of the business cycle fluctuation theory recombinant Chinese acquisitions collection of empirical mode decomposition and the mergers and acquisitions business in China and the Chinese stock market. First, the use of a collection of empirical mode decomposition method to Chinese M&A market, cube, and the Shanghai Composite multidimensional data time-series data on a weekly basis is broken down into a number of different frequency components. which contains a number of intrinsic mode functions and a residual mode component As the stock market trading information represents the part of the macroeconomic developments, the government’s economic policy and investor behavior pattern information.After combining support vector machine model for China-related M&A market forecast multidimensional data and the correlation with the original data comparison, and achieved more satisfactory results. Results of this study indicate that the arrival of China’s growing macroeconomic and development of Chinese enterprises to integrate maturity of China’s M&A market development has a significant positive correlation role in promoting structural adjustment of related industries, government monetary and fiscal policy and macroeconomic Short-term capital market investors irrational investment behavior, is an important reason for mergers and acquisitions of local fluctuations in market trends, as well as through the support vector machine model predictions, the future of Chinese M&A market will have a more substantial growth. And based on the correlation of macroeconomic analvsis. in2013as the first vear of China’s M&A market.
Keywords/Search Tags:mergers and acquisitions, trends, macro economy, stock market, forecast
PDF Full Text Request
Related items