Spatio-temporal patterns of the international merger and acquisition network

This paper analyses the world web of mergers and acquisitions (M&As) using a complex network approach. We use data of M&As to build a temporal sequence of binary and weighted-directed networks for the period 1995–2010 and 224 countries (nodes) connected according to their M&As flows (lin...

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Tipo de recurso:
Fecha de publicación:
2017
Institución:
Universidad de Bogotá Jorge Tadeo Lozano
Repositorio:
Expeditio: repositorio UTadeo
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OAI Identifier:
oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/8961
Acceso en línea:
https://www.nature.com/articles/s41598-017-10779-z
http://hdl.handle.net/20.500.12010/8961
Palabra clave:
Spatio
Patterns
International merger
Comercio exterior
Alianzas estratégicas (Negocios)
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License
Abierto (Texto Completo)
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dc.title.spa.fl_str_mv Spatio-temporal patterns of the international merger and acquisition network
title Spatio-temporal patterns of the international merger and acquisition network
spellingShingle Spatio-temporal patterns of the international merger and acquisition network
Spatio
Patterns
International merger
Comercio exterior
Alianzas estratégicas (Negocios)
title_short Spatio-temporal patterns of the international merger and acquisition network
title_full Spatio-temporal patterns of the international merger and acquisition network
title_fullStr Spatio-temporal patterns of the international merger and acquisition network
title_full_unstemmed Spatio-temporal patterns of the international merger and acquisition network
title_sort Spatio-temporal patterns of the international merger and acquisition network
dc.subject.spa.fl_str_mv Spatio
Patterns
International merger
topic Spatio
Patterns
International merger
Comercio exterior
Alianzas estratégicas (Negocios)
dc.subject.lemb.spa.fl_str_mv Comercio exterior
Alianzas estratégicas (Negocios)
description This paper analyses the world web of mergers and acquisitions (M&As) using a complex network approach. We use data of M&As to build a temporal sequence of binary and weighted-directed networks for the period 1995–2010 and 224 countries (nodes) connected according to their M&As flows (links). We study different geographical and temporal aspects of the international M&A network (IMAN), building sequences of filtered sub-networks whose links belong to specific intervals of distance or time. Given that M&As and trade are complementary ways of reaching foreign markets, we perform our analysis using statistics employed for the study of the international trade network (ITN), highlighting the similarities and differences between the ITN and the IMAN. In contrast to the ITN, the IMAN is a low density network characterized by a persistent giant component with many external nodes and low reciprocity. Clustering patterns are very heterogeneous and dynamic. High-income economies are the main acquirers and are characterized by high connectivity, implying that most countries are targets of a few acquirers. Like in the ITN, geographical distance strongly impacts the structure of the IMAN: link-weights and node degrees have a non-linear relation with distance, and an assortative pattern is present at short distances.
publishDate 2017
dc.date.created.none.fl_str_mv 2017
dc.date.accessioned.none.fl_str_mv 2020-04-24T15:00:33Z
dc.date.available.none.fl_str_mv 2020-04-24T15:00:33Z
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
dc.identifier.other.spa.fl_str_mv https://www.nature.com/articles/s41598-017-10779-z
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.12010/8961
dc.identifier.doi.spa.fl_str_mv 10.1038/s41598-017-10779-z
dc.identifier.instname.spa.fl_str_mv instname:Universidad de Bogotá Jorge Tadeo Lozano
dc.identifier.reponame.spa.fl_str_mv reponame:Repositorio Institucional de la Universidad de Bogotá Jorge Tadeo Lozano
url https://www.nature.com/articles/s41598-017-10779-z
http://hdl.handle.net/20.500.12010/8961
identifier_str_mv 10.1038/s41598-017-10779-z
instname:Universidad de Bogotá Jorge Tadeo Lozano
reponame:Repositorio Institucional de la Universidad de Bogotá Jorge Tadeo Lozano
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Abierto (Texto Completo)
rights_invalid_str_mv Abierto (Texto Completo)
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dc.format.extent.spa.fl_str_mv 14 páginas
dc.format.mimetype.spa.fl_str_mv application/pdf
dc.coverage.spatial.spa.fl_str_mv Bogotá, Colombia
dc.publisher.spa.fl_str_mv Universidad de Bogotá Jorge Tadeo Lozano
institution Universidad de Bogotá Jorge Tadeo Lozano
bitstream.url.fl_str_mv https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/8961/2/license.txt
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spelling Bogotá, Colombia2020-04-24T15:00:33Z2020-04-24T15:00:33Z2017https://www.nature.com/articles/s41598-017-10779-zhttp://hdl.handle.net/20.500.12010/896110.1038/s41598-017-10779-zinstname:Universidad de Bogotá Jorge Tadeo Lozanoreponame:Repositorio Institucional de la Universidad de Bogotá Jorge Tadeo LozanoThis paper analyses the world web of mergers and acquisitions (M&As) using a complex network approach. We use data of M&As to build a temporal sequence of binary and weighted-directed networks for the period 1995–2010 and 224 countries (nodes) connected according to their M&As flows (links). We study different geographical and temporal aspects of the international M&A network (IMAN), building sequences of filtered sub-networks whose links belong to specific intervals of distance or time. Given that M&As and trade are complementary ways of reaching foreign markets, we perform our analysis using statistics employed for the study of the international trade network (ITN), highlighting the similarities and differences between the ITN and the IMAN. In contrast to the ITN, the IMAN is a low density network characterized by a persistent giant component with many external nodes and low reciprocity. Clustering patterns are very heterogeneous and dynamic. High-income economies are the main acquirers and are characterized by high connectivity, implying that most countries are targets of a few acquirers. Like in the ITN, geographical distance strongly impacts the structure of the IMAN: link-weights and node degrees have a non-linear relation with distance, and an assortative pattern is present at short distances.14 páginasapplication/pdfUniversidad de Bogotá Jorge Tadeo LozanoSpatioPatternsInternational mergerComercio exteriorAlianzas estratégicas (Negocios)Spatio-temporal patterns of the international merger and acquisition networkArtículoinfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Abierto (Texto Completo)http://purl.org/coar/access_right/c_abf2Dueñas, MarcoMastrandrea, RossanaBarigozzi, MatteoFagiolo, GiorgioLICENSElicense.txtlicense.txttext/plain; charset=utf-82938https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/8961/2/license.txtabceeb1c943c50d3343516f9dbfc110fMD52open accessTHUMBNAIL8951.pdf.jpg8951.pdf.jpgIM Thumbnailimage/jpeg16197https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/8961/3/8951.pdf.jpgc296d3455d5bd43a71f67ded1d2466e6MD53open accessORIGINAL8951.pdf8951.pdfVer artículoapplication/pdf4495939https://expeditiorepositorio.utadeo.edu.co/bitstream/20.500.12010/8961/1/8951.pdfa3d8808126ac5ade4f063799a772e992MD51open access20.500.12010/8961oai:expeditiorepositorio.utadeo.edu.co:20.500.12010/89612020-04-24 10:02:13.426open accessRepositorio Institucional - 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