The drivers of merger waves

Zafeira Kastrinaki and Paul Stoneman

Economics Letters, 2012, vol. 117, issue 2, 493-495

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.

Keywords: Hazard models; M&A waves; M&A timing (search for similar items in EconPapers)
JEL-codes: C41 G34 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:2:p:493-495

DOI: 10.1016/j.econlet.2012.06.043

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