Table 6. Mergers Regressions
A. Aggregate Mergers Analysis (OLS estimates)
|
(1) |
(2) |
(3) |
(4) | |
|
MERGERS |
MERGERS |
MERGERS |
MERGERS | |
|
NPILAG3 |
0.015 |
0.016 | ||
|
(4.95)**j |
(4.88)*** | |||
|
NPILAG4 |
0.013 |
0.018 | ||
|
(4.24)*** |
(5.70)*** | |||
|
Usmergers |
-0.002 |
-0.008 | ||
|
(0.78) |
(2.57)** | |||
|
NLAG3 | ||||
|
N LAG 4 | ||||
|
SGRLAG3 | ||||
|
SGRLAG4 | ||||
|
CONSTANT |
-19.370 |
0.549 |
-14.565 |
-9.111 |
|
(0.49) |
(0.01) |
(0.36) |
(0.27) | |
|
Elasticity |
1.113 |
. 997 |
1.168 |
1.334 |
|
(4.83)**j |
' (4.15)*** |
(4.76)*** |
(5.55)*** | |
|
Observations |
14 |
14 |
14 |
14 |
|
R-squared |
0.67 |
0.60 |
0.69 |
0.75 |
|
Breusch-Godfrey test |
for autocorrelation | |||
|
(HO: no seri |
al correlation) | |||
|
LM stats |
1.615 |
4.997 |
1.250 |
0.891 |
|
p-value |
0.2038 |
0.0254 |
0.2635 |
0.3451 |
|
(5) MERGERS |
(6) MERGERS |
(7) MERGERS |
(8) MERGERS |
|
0.015 |
0.013 | ||
|
(4.44)*** |
0.016 |
(4.61)*** |
0.012 |
|
(5.60)*** |
(3.99)*** | ||
|
-0.054 | |||
|
(0.14) |
-0.828 | ||
|
(2.44)** |
2.642 | ||
|
(1.92)* |
3.403 | ||
|
(1.44) | |||
|
-12.713 |
100.597 |
-9.236 |
-4.684 |
|
(0.20) |
(1.88)* |
(0.26) |
(0.12) |
|
1.126 |
1.215 |
. 986 |
. 921 |
|
(4.35)*** |
(5.46)*** |
(4.53)*** |
(3.92)*** |
|
14 |
14 |
14 |
14 |
|
0.67 |
0.74 |
0.75 |
0.66 |
|
1.541 |
1.410 |
0.680 |
3.682 |
|
0.2144 |
0.2350 |
0.4096 |
0.0550 |
More intriguing information
1. Problems of operationalizing the concept of a cost-of-living index2. The name is absent
3. On Social and Market Sanctions in Deterring non Compliance in Pollution Standards
4. Pricing American-style Derivatives under the Heston Model Dynamics: A Fast Fourier Transformation in the Geske–Johnson Scheme
5. The name is absent
6. Kharaj and land proprietary right in the sixteenth century: An example of law and economics
7. Cultural Diversity and Human Rights: a propos of a minority educational reform
8. The name is absent
9. Public-Private Partnerships in Urban Development in the United States
10. The name is absent