Credit Ratings Influence on Payment Method - A study on European mergers and acquisitions
The aim of this study is to investigate whether the choice of payment method in mergers and acquisitions is determined by the credit rating existence of the bidder and if the credit rating level has an impact of the financing source. The methods used are Probit and GLM logit regressions. The dependent variables are payment method and fraction of cash with credit rating and credit rating level as t