The drivers of merger waves

被引：8
|
作者：
Kastrinaki, Zafeira [2 ]
Stoneman, Paul [1 ]
机构：
[1] Univ Warwick, Warwick Business Sch, Coventry CV4 7AL, W Midlands, England
[2] Univ London Imperial Coll Sci Technol & Med, Sch Business, London SW7 2AZ, England
来源：
ECONOMICS LETTERS | 2012年 / 117卷 / 02期
关键词：
Hazard models; M&A waves; M&A timing; CORPORATE-CONTROL; MARKET; STOCK;
D O I：
10.1016/j.econlet.2012.06.043
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2012 Elsevier B.V. All rights reserved.
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页码：493 / 495
页数：3
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