唯一的區(qū)別是,而不是使用兩個(gè)單獨(dú)的回歸,我們感興趣的假人,現(xiàn)在我們運(yùn)行一個(gè)回歸和使用股票虛擬一個(gè)值“1”,如果合并是基于股票的,值為“0”如果合并現(xiàn)金基礎(chǔ).
如果股權(quán)收購(gòu)方廣告更多的收購(gòu)公告期那么我們應(yīng)該觀察股票虛擬的顯著正系數(shù).這個(gè)分析的結(jié)果報(bào)道在表.
英語(yǔ)翻譯
英語(yǔ)翻譯
6.The only difference is that instead of using two separate regressions where we are interested in the time dummies,we now run one regression and use a stock dummy which takes a value of “1” if the merger is stock based and takes a value of “0” if the merger is cash based.
If stock-based acquirers advertise more in pre-merger announcement period then we should observe a significant positive coefficient for the stock dummy.The results of this analysis are reported in Table V.
前面是個(gè)公式,帶β什么的,這段是對(duì)公式的分析.
6.The only difference is that instead of using two separate regressions where we are interested in the time dummies,we now run one regression and use a stock dummy which takes a value of “1” if the merger is stock based and takes a value of “0” if the merger is cash based.
If stock-based acquirers advertise more in pre-merger announcement period then we should observe a significant positive coefficient for the stock dummy.The results of this analysis are reported in Table V.
前面是個(gè)公式,帶β什么的,這段是對(duì)公式的分析.
英語(yǔ)人氣：106 ℃時(shí)間：2020-05-05 08:53:13
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