In this paper, we investigate the possibility of predicting takeover targets in Greece, which is an incipient market for acquisitions. Our work is based on recursive partitioning techniques, that is decision-tree models, given that takeover likelihood models (such as logit) are not robust over...

Purpose – The main purpose of this study is to examine the possibility of prediction of Greek takeover targets that belong to the industrial sector, emphasizing the econometric methodology and the prediction test. Design/methodology/approach – The study uses a sample of 51 targets and 290...

The estimation of the parameters of logit model is mostly performed with method of maximum likelihood. However, the classical maximum likelihood estimators are biased and inefficient in appearance of small samples. The jackknife maximum likelihood estimator improves the above problems but still...

The main purpose of this paper is the identification of the characteristics of takeover targets in a small open economy like Greece, using the market for corporate control (MCC) hypothesis as theoretical background. Contrary to this hypothesis, the results indicate that the motives for merging...