This paper provides a systematic empirical analysis of the effects of merger and acquisitionactivity on profitability and firm level employee remuneration in the United Kingdom, using a speciallyconstructed database for the period 1979-1991...

Employing a large individual-level administrative dataset from Great Britain, coveringthe period 1999-2005, we analyse the factors inuencing the length of unemployment benetsclaimant periods with subsequent transition to re-employment. To this end, this individual-level data is merged with a...

In this paper we consider the situation where the deterministiccomponents of the processes generating individual series are linear trendsand the individual series are independent I(0) or I(1) processes. We showthat when those time series are used in ordinary least squares regression,the...

Sharpe style regression has become a widespread analytic tool in the financial community. Thestyle regression allows one to investigate such interesting issues as style composition, style sensitivity, andstyle change over time. All previous methods to obtain the distribution and confidence...

It has been widely suggested that since the early 1980s many diversified firms narrowed the scopeof their activities by refocusing on their core businesses, primarily through divestment activity.This study examines the extent and determinants of divestment across a large sample of UK firmsover...