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We study the role of institutional investors in cross-border mergers and acquisitions (Mamp;A). We find that foreign institutional ownership is positively associated with the intensity of cross-border Mamp;A activity worldwide. Foreign institutional ownership increases the probability that a...
Persistent link: https://www.econbiz.de/10012721415
We study holdings in Mamp;A targets by financial conglomerates which affiliated investment banks advise the bidders. We show that advisors take positions in the targets before Mamp;A announcements. These stakes are positively related to the probability of observing the bid and to the target...
Persistent link: https://www.econbiz.de/10012726686