search query: @author Barnes, P. / total: 19
reference: 1 / 19
« previous | next »
| Author: | Barnes, P. |
| Title: | Predicting UK takeover targets: some methodological issues and an empirical study |
| Journal: | Review of Quantitative Finance and Accounting
1999 : MAY, VOL. 12:3, p. 283-302 |
| Index terms: | FINANCE ACCOUNTING MERGERS |
| Language: | eng |
| Abstract: | This paper examines the methodological issues of using accounting ratios to predict takeover targets. Certain improvements are suggested, notably the use of industry-relative ratios and the determination of an ex ante cut off point which maximized returns. The empirical study suggests that industry-relative ratios are not an improvement upon industry-specific models and that, although models perform better than chance, they do not perform significantly well as to earn excess returns. |
« previous | next »
SCIMA