来自罗蕾的问题
【英语翻译6.Theonlydifferenceisthatinsteadofusingtwoseparateregressionswhereweareinterestedinthetimedummies,wenowrunoneregressionanduseastockdummywhichtakesavalueof“1”ifthemergerisstockbasedandtakesava】
英语翻译
6.Theonlydifferenceisthatinsteadofusingtwoseparateregressionswhereweareinterestedinthetimedummies,wenowrunoneregressionanduseastockdummywhichtakesavalueof“1”ifthemergerisstockbasedandtakesavalueof“0”ifthemergeriscashbased.
Ifstock-basedacquirersadvertisemoreinpre-mergerannouncementperiodthenweshouldobserveasignificantpositivecoefficientforthestockdummy.TheresultsofthisanalysisarereportedinTableV.
前面是个公式,带β什么的,这段是对公式的分析.
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2020-03-12 22:17