The drivers of merger waves

descriptionPublicationkeyboard_double_arrow_right Article 01 Nov 2012 English Publisher:Elsevier BVJournal:Economics Letters, volume 117, pages 493-495 (issn: 0165-1765,

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Authors: Kastrinaki, Zafeira; Stoneman, Paul;

doi: 10.1016/j.econlet.2012.06.043

The drivers of merger waves

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Abstract

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.

Related Organizations

University of Warwick
United Kingdom
Imperial College London
United Kingdom

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HF

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