IDEAS home Printed from https://ideas.repec.org/a/sae/ausman/v10y1985i1p1-15.html
   My bibliography  Save this article

Accounting Ratios and Models of Takeover Target Screens: Some Empirical Evidence

Author

Listed:
  • A. D. Castagna

    (Kuring-gai College of Advanced Education.)

  • Z. P. Matolcsy

    (The New South Wales Institute of Technology.)

Abstract

The aim of this study is to provide further evidence on the usefulness of published accounting information for identifying takeover targets. A number of screening models of takeover targets based on historical accounting data are developed using multivariate statistical techniques and the predictive ability of these models is assessed.

Suggested Citation

  • A. D. Castagna & Z. P. Matolcsy, 1985. "Accounting Ratios and Models of Takeover Target Screens: Some Empirical Evidence," Australian Journal of Management, Australian School of Business, vol. 10(1), pages 1-15, June.
    • Handle: RePEc:sae:ausman:v:10:y:1985:i:1:p:1-15
    DOI: 10.1177/031289628501000101
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/031289628501000101
    Download Restriction: no
    File URL: https://libkey.io/10.1177/031289628501000101?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Singh, Ajit, 1975. "Take-Overs, Economic Natural Selection, and the Theory of the Firm: Evidence from the Postwar United Kingdom Experience," Economic Journal, Royal Economic Society, vol. 85(339), pages 497-515, September.
    2. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    3. Lintner, John, 1971. "Expectations, Mergers and Equilibrium in Purely Competitive Securities Markets," American Economic Review, American Economic Association, vol. 61(2), pages 101-111, May.
    4. Stevens, Donald L., 1973. "Financial Characteristics of Merged Firms: A Multivariate Analysis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 8(2), pages 149-158, March.
    5. Joy, O. Maurice & Tollefson, John O., 1978. "Some Clarifying Comments on Discriminant Analysis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 13(1), pages 197-200, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cao Son Tran & Dan Nicolau & Richi Nayak & Peter Verhoeven, 2021. "Modeling Credit Risk: A Category Theory Perspective," JRFM, MDPI, vol. 14(7), pages 1-21, July.
    2. Balcaen, Sofie & Ooghe, Hubert, 2006. "35 years of studies on business failure: an overview of the classic statistical methodologies and their related problems," The British Accounting Review, Elsevier, vol. 38(1), pages 63-93.
    3. Ye Cai & Xuan Tian & Han Xia, 2016. "Location, Proximity, and M&A Transactions," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 25(3), pages 688-719, September.
    4. John W. Pacey & Toan M. Pham, 1990. "The Predictiveness of Bankruptcy Models: Methodological Problems and Evidence," Australian Journal of Management, Australian School of Business, vol. 15(2), pages 315-337, December.
    5. Eisdorfer, Assaf, 2008. "Delisted firms and momentum profits," Journal of Financial Markets, Elsevier, vol. 11(2), pages 160-179, May.
    6. Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
    7. Dong, Feng & Doukas, John, 2021. "The effect of managers on M&As," Journal of Corporate Finance, Elsevier, vol. 68(C).
    8. MERIC Gulser & BENTLEY T. Jerome & McCALL W.Charles & MERIC Ilhan, 2016. "A Comparison Of The Financial Characteristics Of U.S. And European Manufacturing Firms," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(2), pages 58-67, August.
    9. MERIC Gulser & GUNER Berrin & CHUNG Shifei & MERIC Ilhan, 2019. "A Comparison Of Business Management Characteristics In U.S., German, And Japanese Manufacturing Corporations," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 141-153, April.
    10. Daniel Folkinshteyn & Ozge Uygur & Gulser Meric, 2014. "A Comparison of the Financial Characteristics of U.S. and German Manufacturing Firms," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 8(5), pages 9-22.
    11. MERIC Gulser & WELSH Carol & SCARPA Robert & MERIC Ilhan, 2017. "A Comparison Of The Financial Characteristics Of European And Asian Manufacturing Firms," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(3), pages 112-125, December.
    12. Hicham Meghouar, 2024. "Takeover in Europe: Target characteristics and acquisition likelihood," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2588-2606, November.
    13. Ozge Uygur & Gulser Meric & Ilhan Meric, 2013. "The Financial Characteristics Of U.S. Companies Acquired By Foreign Companies," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 7(1), pages 1-8.
    14. Adesoji Adelaja & Rodolfo Nayga & Zafar Farooq, 1999. "Predicting mergers and acquisitions in the food industry," Agribusiness, John Wiley & Sons, Ltd., vol. 15(1), pages 1-23.
    15. Ilhan Meric & Kathleen Dunne & Wayne Smeltz & Gulser Meric, 2013. "A Comparison of the Financial Characteristics of German and French Manufacturing Firms," Accounting and Finance Research, Sciedu Press, vol. 2(1), pages 1-32, February.
    16. Gulser MERIC & Stephanie WEIDMAN & Carol WELSH & Ilhan MERIC, 2017. "A Comparison of the Financial Management Characteristics of UK vs. EU Manufacturing Firms," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(2), pages 138-147, May.
    17. Barbara Su, 2023. "Banking practices and borrowing firms’ financial reporting quality: evidence from bank cross-selling," Review of Accounting Studies, Springer, vol. 28(1), pages 201-236, March.
    18. Stephen Brown & William Goetzmann & Bing Liang & Christopher Schwarz, 2008. "Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration," Journal of Finance, American Finance Association, vol. 63(6), pages 2785-2815, December.
    19. Shaikh, Ibrahim A. & O'Brien, Jonathan Paul & Peters, Lois, 2018. "Inside directors and the underinvestment of financial slack towards R&D-intensity in high-technology firms," Journal of Business Research, Elsevier, vol. 82(C), pages 192-201.
    20. Mikel Bedayo & Gabriel Jiménez & José-Luis Peydró & Raquel Vegas, 2020. "Screening and Loan Origination Time: Lending Standards, Loan Defaults and Bank Failures," Working Papers 1215, Barcelona School of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ausman:v:10:y:1985:i:1:p:1-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.agsm.edu.au .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.