Lee, Pei Ling; Khong, Roy Wye Leong; Ramasamy, Suganthi - In: Economics Bulletin 30 (2010) 2, pp. 1307-1319
The study empirically investigates the financial characteristics that discriminate firms that went private and firms that remain publicly traded. Based on the results of logit and probit model, companies that reverted to the private domain are characterized as having higher cash balance, higher...