Similar Search Results

Acquiring Control in Emerging Markets : Evidence from the Stock Market

Chari, Anusha - 2004

When firms from developed markets acquire firms in emerging markets, market-capitalization-weighted monthly joint returns show a statistically significant increase of 1.8%. Panel data estimations suggest that the value gains from cross-border M&A transactions stem from the transfer of majority...

Persistent link: https://www.econbiz.de/10012467817

Foreign direct investment

Froot, Kenneth (ed.) - 1993

Persistent link: https://www.econbiz.de/10000881399

Swedish Firms Acquired by Foreigners : A Comparison of Before and After Takeover

Lipsey, Robert E. - 1982

relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …

Persistent link: https://www.econbiz.de/10012478083

Foreign Takeovers of Swedish Firms

Lipsey, Robert E. - 1981

ion of firms for takeover is based on f inn characteristics, not industry characteristics. After takeover by foreigners …, by the crude measurements we have been able to apply so far, do not seem to be affected in any consistent way by takeover …

Persistent link: https://www.econbiz.de/10012478480

Globalization, Governance, and the Returns to Cross-Border Acquisitions

Ellis, Jesse - 2011

Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...

Persistent link: https://www.econbiz.de/10012461981

Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States

Chari, Anusha - 2009

This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...

Persistent link: https://www.econbiz.de/10012463861

Cross-Border Acquisitions and Target Firms' Performance : Evidence From Japanese Firm-Level Data

Fukao, Kyoji - 2006

Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in-in acquisitions and in-in acquisitions by domestic outsiders. In fact, in the manufacturing sector, the return on assets even deteriorated one year and two years after...

Persistent link: https://www.econbiz.de/10012466243

Recent Chinese Buyout Activity and the Implications for Global Architecture

Antkiewicz, Agata - 2006

We discuss recent cases of Chinese buyout activity in the OECD (especially in the US and the EU) in resource and manufacturing sectors. While most of the buyout attempts have been unsuccessful, they can serve as a catalyst for a wider discussion on the implications for global arrangements over...

Persistent link: https://www.econbiz.de/10012466597

An Assignment Theory of Foreign Direct Investment

Nocke, Volker - 2004

We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct FDI by either engaging in greenfield investment or in cross-border acquisitions. Cross-border acquisitions involve firms trading heterogeneous corporate assets to exploit...

Persistent link: https://www.econbiz.de/10012467684

Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms

Lipsey, Robert E. - 2002

Using U.S. Bureau of Economic Analysis data for individual foreign acquisitions and new establishments in the U.S from 1988 to 1998, and aggregate data for 1980 to 1998, we find that acquisitions and establishments of new firms tend to occur in periods of high U.S. growth and take place mainly...

Persistent link: https://www.econbiz.de/10012469589

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