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 |
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Pages (from-to) | 493-495 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 117 |
Issue number | 2 |
Early online date | 4 Jul 2012 |
DOIs | |
Publication status | Published - Nov 2012 |