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Is attack the best form of defence? : a competing risks analysis of acquisition activity in the UK

Dickerson, Andrew P.; Gibson, Heather D.; Tsakalōtos, … - 1999 - Revised March 1999

The primary purpose of this paper is to investigate whether companies can use acquisition as a strategy to reduce their probability of takeover. A subsidiary issue is whether such a strategy has any impact on their subsequent probability of bankruptcy. The determinants of making an acquisition,...

Persistent link: https://www.econbiz.de/10011530493

Production and endogenous bankruptcy under collateral constraints

León-Ledesma, Miguel A.; Orrillo, Jaime - 2016

We propose an extension of the incomplete markets general equilibrium model with production to situations in which firms default. In the model, firms are assumed to be owned by a single individual whose roles as entrepreneur and consumer are anonymous. Assets are exogenously collateralised and...

Persistent link: https://www.econbiz.de/10011561050

Strategic default in financial networks

Allouch, Nizar; Jalloul, Maya - 2017

This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...

Persistent link: https://www.econbiz.de/10011790364

Strategic default in financial networks

Allouch, Nizar; Jalloul, Maya; Duncan, Alfred - 2021

This paper investigates a model of default in financial networks where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution of Eisenberg and...

Persistent link: https://www.econbiz.de/10012655559

City and countryside revisited : comparative rent movements in London and the South-East, 1580 - 1914

Ormrod, David; Gibson, James M.; Lyne, Owen - 2011

paper assembles new serial data on urban and agricultural rent movements in Kent, Essex and London, from 1580-1914, which …-urban continuum. Our initial findings support the revisionist view, and throw new light on London's position within the wider … assumed, with sharp increases in rental values occurring on the rural-urban fringes of London and the lower Medway valley …

Persistent link: https://www.econbiz.de/10009410511

Takeover risk and the market for corporate control : the experience of British firms in the 1970s and 1980s

Dickerson, Andrew P.; Gibson, Heather D.; Tsakalōtos, … - 1998

This paper investigates the determinants of takeovers in a large sample of UK quoted companies. We focus on the channels through which the market for corporate control monitors company performance and discretionary managerial behaviour. Our results indicate that the market for corporate control...

Persistent link: https://www.econbiz.de/10011529348

Road accidents and traffic flows : an econometric investigation

Dickerson, Andrew P.; Peirson, John; Vickerman, Roger W. - 1998

risks. The model is estimated using a new dataset which combines hourly London traffic count data from automated vehicle …

Persistent link: https://www.econbiz.de/10011529350

The value of skills

Green, Francis - 1998

Many commentators have argued that "key skills" are becoming more important in modern workplaces. This paper draws on a survey that uses a methodology based on job analysis to measure skills at work, and estimates their implicit prices using a hedonic wage equation. The main new findings are...

Persistent link: https://www.econbiz.de/10011529739

A "Second Edition" of Keynes's General Theory

Thirlwall, Anthony P. - 1998

.A. Riach (London: Routledge, 1997). …

Persistent link: https://www.econbiz.de/10011529806

The effect of disability on employment allowing for work incapacity

O'Donnell, Owen - 1998

Previous modelling of the impact of disability on employment has failed to allow for a direct effect rendering some individuals capable of work. A model in which both a capacity and a desire for work are necessary conditions for employment is estimated from a sample of British disabled men....

Persistent link: https://www.econbiz.de/10011529816