The drivers of merger waves

被引：8

作者：

Kastrinaki, Zafeira ^{[2
]}

Stoneman, Paul ^{[1
]}

机构：

[1] Univ Warwick, Warwick Business Sch, Coventry CV4 7AL, W Midlands, England

[2] Univ London Imperial Coll Sci Technol & Med, Sch Business, London SW7 2AZ, England

来源：

ECONOMICS LETTERS | 2012年 / 117卷 / 02期

关键词：

Hazard models; M&A waves; M&A timing; CORPORATE-CONTROL; MARKET; STOCK;

D O I：

10.1016/j.econlet.2012.06.043

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A reduced form hazard rate model of merger timing, estimated using a uniquely constructed 1990-2004 UK panel data set, shows clear correlations between the observed wave-like pattern of merger activity and both exogenous and endogenous drivers with firm characteristics acting as intermediaries. (C) 2012 Elsevier B.V. All rights reserved.

引用

页码：493 / 495

页数：3

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