Barbopoulos, Leonidas G.; Prencipe, Annalisa; Viarengo, Luca - 2023
Economic uncertainty is shown to have a negative effect on M&A activity and reduce the likelihood of deal completion (Nguyen and Phan, 2017; Bonaime, Gulen, and Ion, 2018). Using a sample of 20,436 completed deals announced by U.S. public firms between 1991 and 2021, out of which 2,161 include...