The drivers of merger waves

Z. Kastrinaki; P. Stoneman

doi:10.1016/j.econlet.2012.06.043

The drivers of merger waves

Z. Kastrinaki, P. Stoneman

Management

University of Warwick

Research output: Contribution to journal › Article › peer-review

7 Citations (SciVal)

Abstract

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 language	English
Pages (from-to)	493-495
Number of pages	3
Journal	Economics Letters
Volume	117
Issue number	2
Early online date	4 Jul 2012
DOIs	https://doi.org/10.1016/j.econlet.2012.06.043
Publication status	Published - Nov 2012

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10.1016/j.econlet.2012.06.043

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title = "The drivers of merger waves",

abstract = "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.",

author = "Z. Kastrinaki and P. Stoneman",

year = "2012",

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JO - Economics Letters

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The drivers of merger waves

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