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adequacy ratio and liquidity ratio. By compiling a complete list of cross-border acquisitions in China's banking sector, we …
Persistent link: https://www.econbiz.de/10013005596
of the financial market in China. First, better investor protection mechanisms at target countries, such as better law … shareholders of bidding firms around China's outward cross-border mergers. Second, firm-level corporate governance mechanisms are … explaining firm values in China …
Persistent link: https://www.econbiz.de/10013029172
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10009530270
acquisitions to account for a general takeover effect. The study is based on new high-quality panel data for manufacturing … of utmost topicality. -- post-acquisition performance ; foreign takeover ; manufacturing ; treatment analysis ; Germany …
Persistent link: https://www.econbiz.de/10009613256
We study the post acquisition R&D of both targets and acquirers involved in cross-border acquisitions by developing and estimating a two equation model that explicitly accounts for cross-border knowledge flows. We employ a sample of 3,243 firm-year observations, representing 299 cross-border...
Persistent link: https://www.econbiz.de/10013308404
Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO, we address the selection into both acquisition...
Persistent link: https://www.econbiz.de/10014556622
The aim of the analysis is to investigate the impact of inward FDI on Italian manufacturing and services firm survival. The paper is organized in two steps. First, we carry out theoretically and empirically the analysis of firm survival distinguishing between foreign multinationals, domestic...
Persistent link: https://www.econbiz.de/10011373509
test the foreign ownership premium by comparing our sample of firms based in Italy and owned by a foreign subject with a …
Persistent link: https://www.econbiz.de/10012963385
Both empirical and theoretical literature show that multinational firms exhibit a competitive advantage before investing abroad. However, there are no clear empirical results regarding the ex-post effects of foreign direct investment (FDI) on firm performance, partially due to the inadequacy of...
Persistent link: https://www.econbiz.de/10013017470
Persistent link: https://www.econbiz.de/10013445455