The drivers of merger waves

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.

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Year of publication:	2012
Authors:	Kastrinaki, Zafeira ; Stoneman, Paul
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 2, p. 493-495
Publisher:	Elsevier
Subject:	Hazard models \| M&A waves \| M&A timing

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Type of publication:	Article
Classification:	G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; C41 - Duration Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580455