论文中外文资料的一部分,麻烦帮忙翻译一下,直接用软件整段翻的就免了,谢谢~

刚才误操作,原文都没有放上来...We use micro level data on merger deals, which we aggregate to the industry level to study explicitly the impact of trade costs and impediments to trade and investment on M&As, paying particular attention to differences between horizontal and non-horizontal mergers. Horizontal M&As are defined as mergers between firms within the same industry, whereas non-horizontal M&As are defined as mergers between firms in different industries. Our data provide detailed information on the number and value of international merger deals for a number of OECD countries over the period 1990 to 2001.