Uysal, Vahap B.; Kedia, Simi; Panchapagesan, Venkatesh - In: Journal of Financial Intermediation 17 (2008) 2, pp. 256-275
We examine the impact of geographical proximity on the acquisition decisions of US public firms over the period 1990-2003. Transactions where the acquirer and target firms are located within 100 km of each other are classified as local transactions. We find that acquirer returns in local...