The Buy-to-Build Indicator: New Estimates for Britain and the United States

Joseph A. Francis Abstract This note presents new long-term estimates of what Jonathan Nitzan and Shimshon Bichler have named the ‘buy-­to-­build indicator’, which is calculated as the value of mergers and acquisitions as a percentage of gross capital formation. Keywords Britain, buy-to-build indicator, mergers and acquisitions, United States Citation Joseph A. Francis (2013), ‘The Buy-to-Built […]

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Francis’ Buy-to-Build Estimates for Britain and the United States: A Comment

Shimshon Bichler and Jonathan Nitzan Abstract Comments on Francis’ new estimates of the buy-to-build indicator for the United States and Britain. These estimates offer a welcome correction, modifications and additions to the U.S. numbers that we first presented in 1999 and later updated. Keywords Britain, buy-to-build indicator, merges and acquisitions, United States Citation Shimshon Bichler […]

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