| Author: | Zanakis, S. Zopounidis, C. |
| Title: | Prediction of Greek company takeovers via multivariate analysis of financial ratios |
| Journal: | Journal of the Operational Research Society
1997 : JUL, VOL. 48:7, p. 678-686 |
| Index terms: | OPERATIONAL RESEARCH GREECE BUSINESS RATIOS |
| Language: | eng |
| Abstract: | This case study evaluates the financial features of Greek firms that were taken over during the period 1983-1990. A sample of acquired firms and a sample of equivalent non-acquired firms are considered with the objective of distinguishing between them, based upon their differences in sixteen financial characteristics 1-3 years prior to each takeover. Linear and quadratic discriminant analysis and logit models are developed with factor analysis input. Models classify correctly a significant proportion of acquired or non-acquired firms, but not both. |
SCIMA