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 | |
| Publication status | Published - Nov 2012 |
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Kastrinaki, Z., & Stoneman, P. (2012). The drivers of merger waves. Economics Letters, 117(2), 493-495. https://doi.org/10.1016/j.econlet.2012.06.043