This paper examines cross-border mergers and acquisitions undertaken by U.S. companies todetermine whether geographic distance directly affects these firms' governance decisions.We find that U.S. firms tend to acquire higher stakes in geographically proximate targets than in remote ones.The...

This paper examines cross-border mergers and acquisitions undertaken by U.S. companies to determine whether geographic distance directly affects these firms’ governance decisions. We find that U.S. firms tend to acquire higher stakes in geographically proximate targets than in remote ones. The...