Deshpande, Shreesh; Svetina, Marko; Zhu, PengCheng - In: Journal of Multinational Financial Management 22 (2012) 5, pp. 212-229
We analyze cross-border acquisitions (CBAs) in the context of growth options by investigating the shareholder wealth effects of acquirers and targets and changes in financial analysts’ earnings forecasts for acquiring firms announcing CBAs. Our sample of 16,435 global CBAs over the 1984–2008...