Choi, Seung Hee; Jeon, Bang Nam - In: Applied Financial Economics 21 (2011) 4, pp. 233-249
This article investigates the dynamic impact of the macroeconomic environment on aggregate merger activity in the US economy obtained from firm-level data during the period from January 1980 to December 2004. Applying time-series econometric tools to US Mergers and Acquisitions (M&A) data, we...