New Economy or Leveraged Hype?

Shimshon Bichler and Jonathan Nitzan

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: The U.S. stock market is driven more by mergers and acquisitions than by the so-called "real economy." Until another merger boom develops, don't expect a new bull market.

Keywords: acquisition; corporation; finance; market; merger; M&A; stock; US; United States (search for similar items in EconPapers)
Date: 2002
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