Bortolotti, Bernardo; Fotak, Veljko; Megginson, William L. - 2009
lead to deteriorating firm performance over the following two years, with significantly negative mean abnormal returns of … performance is linked to the degree of involvement of the SWF: abnormal performance worsens the larger the stake acquired, if the … directors. Underperformance is also worse for investments in foreign firms. Analysis of post-investment performance using …