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International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions
Albuquerque, Rui A. - 2018
We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005-2014, we find that cross-border M&A activity is associated with subsequent improvements in the governance of...
Persistent link: https://www.econbiz.de/10012938394
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International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions
Albuquerque, Rui A. - 2018
We test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data from 64 countries during the period 2005-2014, we find that cross-border M&A activity is associated with subsequent improvements in the governance of...
Persistent link: https://www.econbiz.de/10012923482
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Alternative Corporate Governance : Domestic Media Coverage of Mergers and Acquisitions in China
Borochin, Paul - 2015
A text analysis of domestic Chinese newspaper articles on 797 proposed mergers shows that media in developing countries are quantifiably susceptible to pressure: media coverage is more favorable for deals consistent with government objectives and involving powerful local firms. However, we also...
Persistent link: https://www.econbiz.de/10013033415
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Ownership Structure, Corporate Governance, and Bilateral Political Relations : Evidence from Chinese Cross-Border Mergers
Zhang, Wenjia - 2017
controlling for deal characteristics. However, longer-term post-merger bidder abnormal returns are lower for government … improving bilateral political relations between China and target nations are positively associated with both short and long …
Persistent link: https://www.econbiz.de/10012961965
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Financial Reporting Quality of Chinese Reverse Merger Firms : The Reverse Merger Effect or the China Effect?
Chen, Kun-Chih - 2016
In this paper, we examine why Chinese reverse merger (RM) firms have lower financial reporting quality. We find that … quality only in firms from China, where the legal enforcement is weaker than U.S. In addition, we find that compared to …
Persistent link: https://www.econbiz.de/10013008150
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Does Political Corruption Affect Mergers and Acquisitions Decisions? Evidence from China
Yang, Hao; Zhang, Qiusheng; Zhao, Xiaofang; Wang, Zhongchao - 2022
We examine whether political corruption impedes mergers and acquisitions (M&As) decisions. Using a comprehensive sample of Chinese firms, we find that corruption has a substantial, negative relation with the firm acquisitiveness. Further evidence suggests that the impact is more pronounced when...
Persistent link: https://www.econbiz.de/10014258694
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Chinese acquisitions abroad : are they different?
Fuest, Clemens; Hugger, Felix; Sultan, Samina; Xing, Jing - 2019
Made in China 2025 influence investment patterns of Chinese state-owned acquirers but not those of private investors …
Persistent link: https://www.econbiz.de/10011992349
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Regulation and target takeover returns : is there a link?
Marshall, Ben R.; Anderson, Hamish D. - In: Pacific-Basin finance journal 17 (2009) 4, pp. 395-412
Persistent link: https://www.econbiz.de/10003855878
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Sources of Gains in Corporate Mergers : Refined Tests from a Neglected Industry
Becher, David - 2011
Our work provides refined tests of the existence and source of merger gains in a neglected industry: utilities. While …
Persistent link: https://www.econbiz.de/10013132623
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Wealth Effect of Mergers & Acquisitions in an Emerging Market : A Case Study of Pakistan’s Banking Sector
Tauseef, Sana - 2010
categorize the sample M&A deals as (1) Acquisition of Pakistani banks by the foreign investors, (2) Merger of Pakistani banks … with the other domestic banks and (3) Merger of Pakistani banks with the foreign banks operating in Pakistan. The results … indicate statistically significant investor reactions around the merger announcements. For individual target and bidder banks …
Persistent link: https://www.econbiz.de/10013139589