We propose a test for assessing the stability of a temporaleconometric linear model. The test is based on subsampling ideas moreprecisely to the consistency of the least square estimator whose behavior isstudied on subintervals over time. Our test allows to detect breakpoints onthe boundaries...

This paper uses a unique linked employer-employee data (LEED) set to examine thedeterminants of mergers and acquisitions and to study post-takeover employment. It findthat firms involved in takeovers are qualitatively different from non-takeover firms andthat post-takeover employment...