Chulalongkorn University Theses and Dissertations (Chula ETD)
Other Title (Parallel Title in Other Language of ETD)
ระบบเงินตราสกุลเดียวและสภาพคล่องในตลาดซื้อขายกิจการ
Year (A.D.)
2020
Document Type
Independent Study
First Advisor
Kanis Saengchote
Second Advisor
Ruttachai Seelajaroen
Third Advisor
Tanakorn Likitapiwat
Faculty/College
Faculty of Commerce and Accountancy (คณะพาณิชยศาสตร์และการบัญชี)
Department (if any)
Department of Banking and Finance (ภาควิชาการธนาคารและการเงิน)
Degree Name
Master of Science
Degree Level
Master's Degree
Degree Discipline
Finance
DOI
10.58837/CHULA.IS.2020.83
Abstract
The single currency was adopted in 1999. It gave a huge impact on financial system. In this study, we focus on the single currency impacted to the liquidity in the corporate assets market, market whereby the mergers and acquisitions occurred. The studies found that the single currency had positive effect to the liquidity index in the corporate asset market measured by the intensity of the market transactions in each industry. This increasing in the liquidity mainly from the cross-border deals from the countries that stayed outside the eurozone. Moreover, we found that single currency had positive effect to acquirers to initiate more deals. The acquirer-initiated positive effects stayed with the mergers and acquisitions that happened in eurozone, no empirical evidence was found on the mergers and acquisitions that acquirer was from outside euro area.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Pavavimol, Kamolwan, "Single currency and the liquidity in corporate assets market" (2020). Chulalongkorn University Theses and Dissertations (Chula ETD). 7599.
https://digital.car.chula.ac.th/chulaetd/7599