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- DETERMINACIÓN DE LAS CARACTERÍSTICAS DE LOS PROCESOS DE ABSORCIÓN Y QUIEBRA MEDIANTE MODELOS DE ELECCIÓN MÚLTIPLE

Gallego, Ana María; Gómez, María Ascensión - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2000

Recent studies have extensively used logit or probit models to examine hypothesis on merger motives and corporate bankruptcy. In this paper we analyze some methodological issues of using binary choice models in this framework and it is proposed an alternative methodology: The Multinomial Logit...

Persistent link: https://www.econbiz.de/10005212543

- TAKEOVER WAVES

Faulí-Oller, Ramón - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

Horizontal takeovers often occur in waves. A sequence of takeovers is obtained in a Cournotsetting with cost … asymmetries. They are motivated by two different reasons: (i) A low realizationof demand increases the profitability of takeovers …. (ii) Takeovers raise the profitability of futuretakeovers. A possible explanantion of merger races is also obtained by …

Persistent link: https://www.econbiz.de/10005515949

Managerial incentives for takeovers

Faulí-Oller, Ramón; Motta, Massimo - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

contract, the manager might undertake unprofitable takeovers. …

Persistent link: https://www.econbiz.de/10008557117