This paper aims to identify the relationship between FDI and stock market development and to observe its short and long run dynamics. Other variables like inflation, large scale manufacturing index and exchange rate are also included in the study in order to determine the most favorable variable...

The economic and monetary unification, the globalization of markets and the increasing use of new Information and Communication Technologies (ICT) have increased the level of competition in all sectors of the economy by opening the way to processes of Mergers and Acquisitions between companies....