The drivers of merger waves

Z. Kastrinaki, P. Stoneman

Research output: Contribution to journalArticlepeer-review

6 Citations (SciVal)


A reduced form hazard rate model of merger timing, estimated using a uniquely constructed 1990-2004 UK panel data set, shows clear correlations between the observed wave-like pattern of merger activity and both exogenous and endogenous drivers with firm characteristics acting as intermediaries.
Original languageEnglish
Pages (from-to)493-495
Number of pages3
JournalEconomics Letters
Issue number2
Early online date4 Jul 2012
Publication statusPublished - Nov 2012


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