Poisson Regressions

1 articolo

Seminar: An Anatomy of Industry Merger Waves – Dott. Daniele Bianchi

An Anatomy of Industry Merger Waves Daniele Bianchi & Carlo Chiarella Abstract We propose a novel Markov regime-switching Poisson regression model with endogenous transi- tion distributions to test existing theories on determinants of wave-like patterns in same-industry merger and acquisitions (M&As). We show that the dynamics and persistence of merger waves change substantially in the cross section of deals flow. […]