【英语翻译6.Theonlydifferenceisthatinsteadofusingtwoseparateregressionswhereweareinterestedinthetimedummies,wenowrunoneregressionanduseastockdummywhichtakesavalueof“1”ifthemergerisstockbasedandtakesava】

　　英语翻译

　　6.Theonlydifferenceisthatinsteadofusingtwoseparateregressionswhereweareinterestedinthetimedummies,wenowrunoneregressionanduseastockdummywhichtakesavalueof“1”ifthemergerisstockbasedandtakesavalueof“0”ifthemergeriscashbased.

　　Ifstock-basedacquirersadvertisemoreinpre-mergerannouncementperiodthenweshouldobserveasignificantpositivecoefficientforthestockdummy.TheresultsofthisanalysisarereportedinTableV.

　　前面是个公式,带β什么的,这段是对公式的分析.