英国上市公司收购可能性模型

Corporate Law: Corporate & Takeover Law Pub Date : 1999-01-03 DOI:10.2139/ssrn.155168

R. Nuttall

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引用次数: 30

摘要

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。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Takeover Likelihood Models for UK Quoted Companies

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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Corporate Law: Corporate & Takeover Law

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