IDEAS home Printed from https://ideas.repec.org/p/zbw/esprep/157838.html
   My bibliography  Save this paper

The Buy-to-Build Indicator: New Estimates and Comment

Author

Listed:
  • Francis, Joseph
  • Bichler, Shimshon
  • Nitzan, Jonathan

Abstract

The first part of the exchange is a short article by Joe Francis. The article provides new long-term estimates and an assessment of the buy-to-build indicator for the United States and Britain, going back to the beginning of the 20th century. The second part offers commentary by Shimshon Bichler and Jonathan Nitzan.

Suggested Citation

  • Francis, Joseph & Bichler, Shimshon & Nitzan, Jonathan, 2013. "The Buy-to-Build Indicator: New Estimates and Comment," EconStor Preprints 157838, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:157838
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/157838/1/bna-361_20130400_fbn_buy_to_build_estimates_and_comment.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ralph L. Nelson, 1959. "The Merger Movement from 1895 through 1920," NBER Chapters, in: Merger Movements in American Industry, 1895-1956, pages 33-70, National Bureau of Economic Research, Inc.
    2. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973, July.
    3. Devra L. Golbe & Lawrence J. White, 1988. "A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 265-310, National Bureau of Economic Research, Inc.
    4. Ralph L. Nelson, 1959. "Merger Movements in American Industry, 1895-1956," NBER Books, National Bureau of Economic Research, Inc, number nels59-1, March.
    5. Eis, Carl, 1969. "The 1919-1930 Merger Movement in American Industry," Journal of Law and Economics, University of Chicago Press, vol. 12(2), pages 267-296, October.
    6. Ralph L. Nelson, 1959. "Merger Movements and Business Cycles, 1895-1956," NBER Chapters, in: Merger Movements in American Industry, 1895-1956, pages 106-126, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bichler, Shimshon & Nitzan, Jonathan, 2020. "The Limits of Capitalized Power. A 2020 U.S. Update," Working Papers on Capital as Power 2020/06, Capital As Power - Toward a New Cosmology of Capitalism.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ricardo Caballero & Mohamad Hammour, 2001. "Institutions, Restructuring and Macroeconomic Performance," International Economic Association Series, in: Jacques Drèze (ed.), Advances in Macroeconomic Theory, chapter 9, pages 171-193, Palgrave Macmillan.
    2. Benjamin C. Ayers & Craig E. Lefanowicz & John R. Robinson, 2007. "Capital Gains Taxes and Acquisition Activity: Evidence of the Lock†in Effect," Contemporary Accounting Research, John Wiley & Sons, vol. 24(2), pages 315-344, June.
    3. Toxvaerd, Flavio, 2008. "Strategic merger waves: A theory of musical chairs," Journal of Economic Theory, Elsevier, vol. 140(1), pages 1-26, May.
    4. Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Discussion Paper 2005-029, Tilburg University, Tilburg Law and Economic Center.
    5. Nitzan, Jonathan, 2001. "Regimes of Differential Accumulation: Mergers, Stagflation and the Logic of Globalization," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 8(2), pages 226-274.
    6. Esty, Benjamin & Narasimhan, Bhanu & Tufano, Peter, 1999. "Interest-rate exposure and bank mergers," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 255-285, February.
    7. Flaxio Toxvaerd, 2005. "Mergers, Diversification and Financial Intermediation," Money Macro and Finance (MMF) Research Group Conference 2005 43, Money Macro and Finance Research Group.
    8. Martynova, M., 2006. "The market for corporate control and corporate governance regulation in Europe," Other publications TiSEM 8651e281-4914-41f2-ac14-1, Tilburg University, School of Economics and Management.
    9. Fuller, Caleb S. & Pusateri, Nicholas R., 2018. "A holistic approach to merger models with an emphasis on heterogeneity," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 260-273.
    10. Cook, Steven, 2007. "On the relationship between mergers and economic activity: Evidence from an optimised hybrid method," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 379(2), pages 628-634.
    11. Inés PÉREZ-SOBA & Ana MARTINEZ-CAÑETE, 2008. "Tender Offers in Spain: Testing the Wave," EcoMod2008 23800108, EcoMod.
    12. Benmelech, Efraim & Frydman, Carola & Papanikolaou, Dimitris, 2019. "Financial frictions and employment during the Great Depression," Journal of Financial Economics, Elsevier, vol. 133(3), pages 541-563.
    13. Boyan Jovanovic, 1993. "The Diversification of Production," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 197-247.
    14. Jordan Brennan, 2013. "The Power Underpinnings, and Some Distributional Consequences, of Trade and Investment Liberalisation in Canada," New Political Economy, Taylor & Francis Journals, vol. 18(5), pages 715-747, October.
    15. Joel Rabinovich & Niall Reddy, 2024. "Corporate Financialization: A Conceptual Clarification and Critical Review of the Literature," Working Papers PKWP2402, Post Keynesian Economics Society (PKES).
    16. Blair Fix, 2019. "The Aggregation Problem: Implications for Ecological and Biophysical Economics," Biophysical Economics and Resource Quality, Springer, vol. 4(1), pages 1-15, March.
    17. Sidika Basci & Nadia Hassan, 2020. "Using Numbers to Persuade: Hidden Rhetoric of Statistics," International Econometric Review (IER), Econometric Research Association, vol. 12(1), pages 75-97, April.
    18. Vivek Ghosal, 2008. "The Genesis Of Cartel Investigations: Some Insights From Examining The Dynamic Interrelationships Between U.S. Civil And Criminal Antitrust Investigations," Journal of Competition Law and Economics, Oxford University Press, vol. 4(1), pages 61-88.
    19. McMahon, James, 2013. "The Rise of a Confident Hollywood: Risk and the Capitalization of Cinema," EconStor Preprints 157854, ZBW - Leibniz Information Centre for Economics.
    20. Blair Fix, 2019. "Energy, hierarchy and the origin of inequality," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-32, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:esprep:157838. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.