期刊名称：Journal of Applied Economics and Business Research
电子版ISSN：1927-033X
出版年度：2011
卷号：1
期号：1
页码：4-11
出版社：Journal of Applied Economics and Business Research
摘要：The objective of this paper is to study the sectoral growth effects of both domestic and cross-border merger and acquisition (M&A) sales in the United States for the period 1978-2006. M&A sales are broken down by sectors and in services- into financial and non-financial services M&A. Controlling for the initial level of output and investment, we find consistent across-sector evidence that M&A sales where the acquiring firm is of foreign origin lead to a slowdown of US economy. Additionally, we find that total M&A Granger cause real GDP growth, as well as services value added growth.
关键词：Sectoral M&A sales; agricultural; manufacturing and service growth; Granger causality.
