Degree Name
Master of Science
Graduate Program
Economics
Advisor
Dai, Chifeng
Abstract
With the rapid development of the economy, Merger and Acquisition deals reach another wave nowadays. Most economists are focused on how M&A deals affect the profit and welfare. There is seldom research regarding the relationship between Gross Domestic Production and the value of Merger and Acquisition deals. In this paper, I utilize an empirical application to test the relationship between them and find out that Gross Domestic Production has significant positive relation to the value of Merger and Acquisitions. Companies are more willing to get involved in Merger and Acquisition deals when the economy is booming, and less willing to get involved in those deals when the economy is depressed.
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