We present evidence that changes in tax laws passed in the 1980s, culminating with the Tax Reform Act of 1986, had a first order effect on observed merger and acquisition activity in the US. We also present evidence of increased reliance on certain institutional arrangements (unit management...

We present evidence that changes in tax laws passed in the 1980s, culminating with the Tax Reform Act of 1986, had a first order effect on observed merger and acquisition activity in the US. We also present evidence of increased reliance on certain institutional arrangements (unit management...

Cover -- Contents -- Chapter 1: The Purchase and Sale of an Unincorporated Business -- Chapter 2: The Purchase and Sale of an Incorporated Business -- Chapter 3: The Purchase and Sale of an S Corporation -- Chapter 4: The Purchase of a Corporation's Subsidiary -- Chapter 5: Tax-Deferred...