69
Table 4.2: Results of Р-values of Five Covariates for Acquisitions
Estimates |
Exp of Est |
SE of Est |
z Statistic |
p-value | |
Growth |
0.335 |
1.398 |
0.228 |
1.468 |
0.140 |
Profit |
0.255 |
1.290 |
0.236 |
1.079 |
0.280 |
Size |
0.724 |
2.063 |
0.255 |
2.838 |
0.005 |
Age |
0.100 |
1.105 |
0.232 |
0.429 |
0.670 |
Liability |
-0.327 |
0.721 |
0.260 |
-1.257 |
0.210 |
bankrupt before 1994 are excluded from this research due to the potential bias. All
covariates are redefined as binary variables categorized by the median before model
fitting. Specifically, minimum to median is defined as O and median to maximum is
defined as 1.
4.4 Sensitivity analysis and results
Note that the true value of Kendall’s τ is unknown. In reality, we assume that the
value of τ can be obtained by asking for experts’ opinions. In this research, we applied
different values of τ to conduct a sensitivity analysis. Specifically, we tested Kendall’s
τ = —0.5, 0, 0.2, 0.5, 0.8 with corresponding values of a, as shown in Table 2.2.
To answer the two questions in Section 3.1.2, the results show that some covari-
ates would become non-significant when dependent censoring is taken into account.
For example, “Liability” in the first scenario. Some covariates would become non-
More intriguing information
1. The name is absent2. Language discrimination by human newborns and by cotton-top tamarin monkeys
3. The name is absent
4. Co-ordinating European sectoral policies against the background of European Spatial Development
5. Demographic Features, Beliefs And Socio-Psychological Impact Of Acne Vulgaris Among Its Sufferers In Two Towns In Nigeria
6. Structure and objectives of Austria's foreign direct investment in the four adjacent Central and Eastern European countries Hungary, the Czech Republic, Slovenia and Slovakia
7. Return Predictability and Stock Market Crashes in a Simple Rational Expectations Model
8. Fiscal Sustainability Across Government Tiers
9. The name is absent
10. What Lessons for Economic Development Can We Draw from the Champagne Fairs?