Showing 1 - 10 of 1,591
This study examines the impact of cross-border mergers and acquisitions (M&As) on acquirers’ corporate social responsibility (CSR). Based on a sample of Chinese listed firms, we find that firms with cross-border M&A activities experience an improvement in subsequent CSR performance, and this...
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In this paper we analyze the impact of social responsibility on corporate sustainable value via the strategic role of corporate social capital in a transitional context. Using survey data of Chinese companies, we empirically examine the theoretical relationship. We find that corporate social...
Persistent link: https://www.econbiz.de/10014156014
This paper examines how independent directors' social capital, as measured by their social network, affects corporate fraud. We find that firms with well-connected independent directors are less likely to commit fraud, supporting our monitoring effect hypothesis. This result is robust to a...
Persistent link: https://www.econbiz.de/10013541841
We examine the financial health and performance of reverse mergers (RMs) that became active on U.S. stock markets between 2001 and 2010, particularly those from China (around 85% of all foreign RMs). As a group, RMs are early-stage companies that typically trade over-the-counter. Chinese RMs...
Persistent link: https://www.econbiz.de/10013065341
This paper examines the causes and consequences of cross-border acquisitions in a transition economy using the 1998-2006 deal data for targeted Chinese and Indian firms and foreign acquirers. Our empirical analysis resulted in three important findings. First, firms with high cash reserve ratio...
Persistent link: https://www.econbiz.de/10013038556
The evolution of the Chinese takeover market and its integration with the international takeover market are analysed in … decentralised “Anglo-Saxon” takeover market. Second, the paper provides statistical and case material on the extent to which the … Chinese takeover market has in practice become aligned with that of the US and UK. And, third, it presents case evidence on …
Persistent link: https://www.econbiz.de/10013154501
To examine the impact of acquisition announcements on the stock market returns of rivals of the acquiring firms, we propose a growth probability hypothesis: when an acquisition is announced, it signals the potential for future growth in the acquirer's industry to the market, resulting in...
Persistent link: https://www.econbiz.de/10012955664
This paper examines the relation between firm ownership structure, bilateral political relations and firm performance using a sample of 219 cross-border mergers conducted by Chinese listed companies from 2000 to 2013. First, we find that government-affiliated bidder abnormal returns do not...
Persistent link: https://www.econbiz.de/10012961965