We present a new, global database on tourist destinations. The database differs from other databases in that it includes both domestic and international tourists; and it contains data, for the most important destinations, data at national level as well as at lower administrative levels. Missing...

We examine the participation of public and private firms in merger waves and their outcomes. We show that public firms participate more in mergers and acquisitions than private firms and are more cyclical in their acquisitions. Public firms are also impacted more by macro factors including...

We examine the participation of public and private firms in merger waves and productivity outcomes. We show that public firms participate more than private firms as buyers and sellers of assets and their participation is more cyclical. Public firms are affected more by credit spreads and...