Takeover Likelihood Models for UK Quoted Companies

R. Nuttall
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引用次数: 30

Abstract

This paper estimates takeover likelihood models for UK quoted companies. For a sample of 643 UK nonfinancial quoted companies over the period 1989-96, we find that the probability of being a takeover target is increasing in leverage and incidence of takeover speculation and decreasing in pre-bid performance, size and age since listing.
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英国上市公司收购可能性模型
本文估计了英国上市公司的收购可能性模型。对于1989- 1996年期间643家英国非金融类上市公司的样本,我们发现,自上市以来,成为收购目标的可能性在杠杆率和收购投机发生率方面呈上升趋势,而在收购前业绩、规模和年龄方面呈下降趋势。
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