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Impact of DPAD on M&A Activity and Value by K60 Lê Diễm Quỳnh is a document available to read on EtoBox.
This paper examines the impact of the Domestic Production Activities Deduction (DPAD) on mergers and acquisitions (M&A), finding that tax cuts associated with DPAD significantly increase both the quantity and quality of acquisition bids, particularly for financially constrained firms. The study employs a difference-in-differences methodology to demonstrate that higher DPAD benefits correlate with increased acquisition activity and improved deal quality, aligning with neoclassical and financial constraint th
- Author
- K60 Lê Diễm Quỳnh
- Language
- EN