Dear All

I have a data set of 840 acquisitions carried out by 536 firms. highest number of acquisition carried out by 1 firm is 20 and lowest is 1. Im looking to predict acquisition outcome (coded as a dichotomous variable 1 = complete 0 = Incomplete) by the ownership of the acquiring firm. multiple acquisitions are nested within firms. I’m having trouble deciding if clustered standard errors by the acquiring firm is sufficient or if I’ll need a multilevel logistic regression?