In this article we estimate the hazard function (takeover probabilities) for firms that are targets in unsolicited tender offers. The data support a Weibull-gamma specification and imply a hazard rate ...

Let X(t), t ≥ 0, be a real or vector valued stochastic process and T a random killing-time of the process which generally depends on the sample function. In the context of survival analysis, T ...

Two estimators of the survivor function are available: one is the product-limit estimate and the other is based on the empirical cumulative hazard function.

HR is a ratio of two hazard functions over time. Hazard, which is not a probability measure, is commonly misinterpreted as a risk of an event of interest. The observed upper bound, 1.20, of the above ...