The ISET Research Seminar Series hosted yet another session featuring Giorgi Piriashvili, PhD, University of Notre Dame and Head of the BA Program in Economics at ISET. In his research presentation, “Mergers & Acquisitions, Market Power, and Macroeconomic Growth,” he explored the relationship between mergers and acquisitions (M&A) and long-run productivity growth.
In his paper Dr. Piriashvili examines the role of mergers and acquisitions in long-run productivity growth. The results suggest that M&A plays an important role in long-run growth. In particular, the paper estimates that about 30% of variation in M&A trade values is associated with the long-run productivity shocks. This finding suggests that restricting M&A without further analysis of its role in long-run growth might have unintended consequences on productivity growth.
The seminar ended with an engaging discussion among participants, underscoring the relevance of the topic for ongoing research.
