Jaggia, Sanjiv; Thosar, Satish - In: Journal of Business & Economic Statistics 13 (1995) 1, pp. 113-19
In this paper, the authors estimate the hazard function for firms that are targets in unsolicited tender offers. The data support a Weibull-gamma specification and imply a hazard rate that increases sharply in the initial period following the bid announcement, after which it declines steadily....