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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
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

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