Karolyi, G. Andrew; Liao, Rose C. - Fondazione ENI Enrico Mattei (FEEM) - 2010
We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...